An update on the outlook for ECB policyThe ECB’s very gradual edging toward an unwinding of its bond-buying programme continues at a slow pace. Here’s a short review of news on ECB policy so far this month:
US inflation on a rising trendOur outlook for US inflation and growth has brightened considerably since the start of 2018, so we have lifted our targets for both US Treasury yields and TIPS-based breakeven inflation rates. Here, we review the factors we see as contributing to the rise in US inflation and we look at the potential monetary policy response from the Federal Reserve (Fed).
Track the markets
Investments in the aforementioned fund are subject to market fluctuation and risks inherent in investing in securities. The value of investments and the revenue they generate can increase or decrease and it is possible that investors will not recover their initial investment. Source: BNP Paribas Asset Management Holding.