The Euro area, the recovery is continuing, although it has been weaker than expected at the start of the year, according to analysts at BNP Paribas.
Key Quotes
“Intra-EU trade continues to build with domestic demand, especially corporate investment.”
“Inflation has rebounded in the wake of higher oil prices, but the core CPI trend remains subdued, which argues for the ECB to maintain the status quo on key rates.’
“However, along with the Fed’s net selling, the slower pace in ECB asset purchases should impact the long end of the curve.”
“We see the long term rates for US Treasuries and Bunds rising in 2018.”
Share
