The Euro-area inflation should remain more subdued than the US, with no rate hikes likely by the ECB before 2023. This would leave euro-area bond markets in 2022 with ultra-low rates but probably also low volatility.
Real estate has upheld its status as a safe haven, driven by an attractive risk/return ratio in a low interest-rate environment. Despite the abundance of liquidity, the investment market is somewhat tight and restricted by the quality of supply.
Shafer will oversee BNY Mellon Investment Management’s UK and continental European businesses and will work closely with its investment firms.
Preqin and Amundi share a common vision of providing the investor community with authoritative data, transparency, and standardization for private markets to support their growth.
The economic restart has been broadening beyond the U.S. – aided by an acceleration in vaccine rollouts, particularly in Europe and the rest of the developed world.
Rising inflation could signal an eventual change to a monetary policy regime that for many years has burdened the banking sector with negative rates and flat yield curves.