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2020/01/20 / Erste Group Research

Interest Rate Outlook Eurozone and US | Global economy to take a breather in 2020

As political hotspots cool down, the global economy is taking a breather. For the ECB and the US Fed, this means that they will sit back and watch. However, the central banks should not be completely silent. The ECB is starting its Strategy Review, while the US Fed wants to complete its review before the middle of the year. In this environment, the economic outlook on the markets should improve, or at least fears of a downturn should diminish. This means upward pressure on yields on German Bunds and US Treasuries. At the same time, global excess liquidity, which will continue to grow, should counteract these forces, such that we expect relatively moderate movements overall.

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General information

AuthorErste Group Research
Product nameInterest Rate Outlook Eurozone, USA
Topic in focusMacro/ Fixed income
Economy in focusEurozone, United States
Currency in focusEuro, US Dollar
Sector in focus-


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