2019 looks to be the year of central bank synchronisation. Steadily weakening macroeconomic data is suggesting a global growth slowdown – in response, central banks across the world have drastically cut expectations for interest rate hikes.

For the Federal Reserve, this is an about-face from a hiking program that began in late 2015. The ECB, however, has been stuck at 0% since 2016. They had been promising a return to normality, but sluggish Eurozone growth has consistently thwarted those plans.

Is the ECB’s proposed plan of tiered deposit rates a sign that they are out of options? Our Head of Rates, Sandra Holdsworth and our Lead of Credit Research, Laurent Frings discuss…

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