J.L. M. Campuzano (Spanish Banking Association) | The global central banks are putting their plans for monetary normalisation on the table. But they also recognise that inflation risks are contained in the short-term. That means they have a margin of time to proceed with monetary normalisation in a cautious and patient way.
As long as there is no perfect equivalence between supply and demand, inflation will form part of our system, according to Robeco.
J.L.M. Campuzano (Spanish Banking Association) | Many argue that the conditions are not there for an uptick in inflation on a global scale. Well, that’s true: weak world growth, globalisation and a still negative output-gap in many developed countries (and emerging ones). But are we not being carried away to some extent by the disinflation inertia of the last few years? All eyes will be on the US Fed’s decision on interest rates and its forward guidance at this week’s meeting.
BARCLAYS | We expect the turn of the calendar to bring a brighter tone to the TIPS market as many of the headwinds from 2015 begin to fade. The carry outlook should be positive after February, y/y headline CPI should move up sharply and concerns over a monetary policy error have receded with
the Fed’s dovish hike.