To hike, or not, that is the question

About this episode

The episode discusses the varying responses of central banks to recent economic shocks and the potential for interest rate hikes in different regions.

Market pricing for central bank policy rates has been on wild ride. Front-end yield spiked to extreme levels during the initial phase of the oil shock. They are lower now but in some countries painting a very different picture than before the war started. Policy responses will not be uniform across countries but some central banks might be inclined to move pre-emptively while others could wait a lot longer. In episode we discuss why hikes could occur by mid-year in the UK & Europe while the BoC and Fed will be more patient and hold the line. Participants: Peter Schaffrik (Desk Strategy), Head of UK/European Rates & Economics Blake Gwinn (Desk Strategy), Head of US Rates Strategy Jason Daw (Desk Strategy), Head of North America Rates Strategy * Research Analyst opinions are their published views, independent of those expressed by Desk Analysts

People in this episode

Guests: Peter Schaffrik, Blake Gwinn, Jason Daw

Topics covered

• central bank policy
• interest rates
• economic outlook
• UK
• Europe
• BoC
• Fed

Keywords

• central bank
• interest rates
• UK
• Europe
• BoC
• Fed
• economic policy
• oil shock

Mentioned in this episode

Organizations: RBC Capital Markets

Places: UK, Europe, BoC, Fed

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