Central Banks – Quarterly Pace of Fed, ECB, BoJ, BOE Net Purchases (Quantitative Easing – QE) The pace of global central bank purchases is expected to turn negative in Q4 2022. Image: BofA Global Research
U.S. Dollar and Federal Reserve – ECB Shadow Rate Spread Is the U.S. dollar finding a support, as it tends to track the Fed – ECB shadow rate spread? Image: Arbor Research & Trading LLC
Proxy for ECB Market Pricing Points to Negative Rates for Years to Come Markets are pricing in negative rates in Europe until 2029. Image: Deutsche Bank
ECB Staff Forecasts on Inflation How much trust should investors have in the ECB’s inflation forecasts? Image: Deutsche Bank
Fed vs. ECB Balance Sheet This chart puts the Fed vs. ECB balance sheet into perspective. Image: J.P. Morgan
ECB Balance Sheet, with Forecast Until End-2021 The ECB’s balance sheet is expected to expand further and hit 62% of GDP in 2021. Image: UBS
Global PMI Manufacturing and Rolling Yearly Change in the Balance Sheet (FED, ECB, BoJ, PBOC) This chart shows the correlation between the change in global liquidity and the global PMI manufacturing. Image: Swedbank Research
QE in 2020 and Central Banks (the Fed, ECB and BoJ) Central banks’ QE should support financial markets next year. Image: Gavekal, Macrobond
EUR/USD and Differential in Balance Sheet Growth Fed – ECB Chart suggesting that differentials in balance sheet growth between the Fed and the ECB have pushed the U.S. dollar higher. Image: BofA Merrill Lynch Global Research
The European Central Bank (ECB) Balance Sheet Interesting chart showing the ECB balance sheet, component of the Eurosystem. Image: Goldman Sachs