European rates higher for longer, on the edge of a potential recession?
Tuesday 16th January 2024
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German GDP fell 0.3% last year, even if they did manage to narrowly avoid a technical recession. Europe\u2019s industrial production also fell in the latest data. Yet ECB members continue to talk down expectations for rate cuts at least until the middle of the year. Phil asks JBWere's Sally Auld about the wisdom of keeping rates higher in an economy that is slowing, and does that explain why markets are out of kilter with the central banks rhetoric?. In the US there will be a air bit of focus on what the Feed\u2019s Christopher Waller has to say on rate cuts. There\u2019s also discussion about why the PBoC didn\u2019t cut their medium-term lending facility. Data wise we see Australia\u2019 s consumer confidence today, along with UK wage data, Canada\u2019s CPI and NZ\u2019s quarterly survey of business opinion. Plus the results of the Iowa Caucus.
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