Publications

We identify the main drivers of key financial market asset price dynamics, including the Euro-dollar exchange rate and the Bund-US Treasury yield spread, using a sign-restricted SVAR model. The model also facilitates the extraction of a high frequency global macro-financial conditions indicator.

The most interesting thing about last week’s ECB meeting was not the decision made, but the promise of hints as to what it might do next. Ultimately, the 25-basis point cut in the main reference rates had already been widely priced in by analysts and markets.

The ECB cuts interest rates by 25bp as inflation stays in line with expectations, but uncertainty increases ahead of April due to potential political moves in Europe and the US.

The latest meetings of the Federal Reserve (Fed) and the European Central Bank (ECB) have confirmed what was expected: that monetary policy in both regions is starting to diverge.

In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.

The euro/dollar pair has fallen sharply from the highs seen toward the middle of 2024 (1.12) to reach its current level of 1.04, representing a depreciation of 8%.

In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.

The ECB cut its key interest rates by 25 basis points, as expected, following signals given by Lagarde in September in her speech at the European Parliament, due to lower inflation and weak activity data. We expect another 25 basis point cut in December.