All posts by Neil Williams

UK budget patches a hole but borrowing outlook much tougher

UK budget patches a hole but borrowing outlook much tougher

Hardest debt decisions await whoever’s in power after 2024 ...
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10 years of tracking public investors’ asset allocation shifts

10 years of tracking public investors’ asset allocation shifts

OMFIF’s flagship report follows the highs and lows of reserve managers’ investment strategies ...
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Era of quiet is over for inflation volatility

Era of quiet is over for inflation volatility

Central bank portfolio decisions will be difficult if QT losses are extended over time ...
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Bank of England delivers expected rate hike, but in a more dovish wrapping

Bank of England delivers expected rate hike, but in a more dovish wrapping

Close to the limit on rates, but QT has to be light ...
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Japan: 25 years of adding liquidity and counting

Japan: 25 years of adding liquidity and counting

BoJ may reform the yield target, but still has to keep debt costs down ...
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How the UK can avoid a debt crisis

How the UK can avoid a debt crisis

Fiscal considerations are becoming an increasing force in monetary decisions ...
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UK rates will go higher, but not as far as markets expect

UK rates will go higher, but not as far as markets expect

Leap in rate expectations the biggest surprise, not the data ...
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Central banks struggle to reduce bloated balance sheets

Central banks struggle to reduce bloated balance sheets

Bank of England’s fraught gilt purchase scheme fails to resolve uncertainty over unfunded tax cuts ...
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Beware retaliatory protectionism

Beware retaliatory protectionism

Without care, an unhelpful jigsaw piece from the 1930s might come crashing into place ...
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Options for Truss to preserve the Bank of England’s independence

Options for Truss to preserve the Bank of England’s independence

Time for a review, but not a retreat to the dark days ...
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One small step for UK monetary policy, one giant leap for the MPC

One small step for UK monetary policy, one giant leap for the MPC

Taking some of the heavy lifting from rate hikes ...
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