Author: NN Investment Partners
The investment environment remains challenging. Economic surprise indicators have deteriorated to their lowest point since 2013 and earnings momentum continues to weaken. Against this background, though, the world’s central bankers have once again shown their willingness to come to the rescue. European Central Bank President Mario Draghi indicated that all options are on the table and that the bank is determined to do more at the March meeting. The US Federal Reserve followed suit with a fairly dovish meeting, and the Bank of Japan ventured into uncharted territory with a surprise move to a negative excess reserve deposit rate.
