Macro Updates
Bank of England Governor Andrew Bailey said the risk premium on UK assets since September is “pretty much gone” but that confidence remains fragile.
European Central Bank Governing Council member Pablo Hernandez de Cos said big increases in borrowing costs will continue as officials look to further bring down Eurozone inflation.
China’s GDP grew by 3% in 2022. The GDP growth number did miss the official target of around 5.5% set in March. In 2021, China’s growth had rebounded by 8.4% from just 2.2% growth in 2020.
January 17, 2023