Markets Markets took comfort from RN Le Pen’s intention to clean up the French fiscal mess should she succeed President Macron following next spring’s elections. She vows to restore a primary balance within 18 months, bring the deficit (currently 5.4% of GDP) below 3% by 2030 and below 2.5% by 2032 and reduce the debt […]
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Bank of Japan Policy Board member Ayano Sato sounded notably less dovish than her September dissent suggested, saying in an interview with Kyodo News in Tokyo on October 5 that she supports continued gradual tightening. Read more…
The sell-off in global bond markets is causing headaches around the world. Higher benchmark interest rates mean higher borrowing costs for governments, companies and households alike. A bond market rout is therefore dicey territory for Read more…