Central Bank – BOJ Outright Purchases of JGBs
Central Bank – BOJ Outright Purchases of JGBs Will the Bank of Japan (BOJ) continue to buy Japanese government bonds as part of its yield curve control policy? Image: BofA Global Investment Strategy
Central Bank – BOJ Outright Purchases of JGBs Will the Bank of Japan (BOJ) continue to buy Japanese government bonds as part of its yield curve control policy? Image: BofA Global Investment Strategy
Equities – FANG+ Index vs. Major 5 Central Banks Index The contraction of central bank balance sheets tends to push tech giants lower. Image: Deutsche Bank
Central Bank Balance Sheets as a Share of GDP Will the reduction of central bank balance sheets increase pressure on financial markets in 2023? Image: J.P. Morgan
Percent of Central Banks Tightening vs. Global Manufacturing PMI Global policy tightening is putting downward pressure on global growth. Image: BofA Global Research
Central Bank Liquidity and “Big Tech” Market Capitalizations Will QT continue to impact tech stocks? Image: BofA Global Investment Strategy
Global Central Bank Hikes Central banks continue to hike interest rates aggressively to cool inflation. Image: BofA Global Investment Strategy
Proportion of Global Central Banks Hiking Central banks around the world are clearly in tightening mode in response to inflation. Image: Goldman Sachs Global Investment Research
Net Percentage of Central Banks Tightening More central banks are hiking rates to compensate for rising inflation. Image: BofA Merrill Lynch Global Investment Strategy
Total Central Bank Assets as a % of GDP The pace of major central bank purchases is expected to turn negative. Image: Goldman Sachs Global Investment Research
US vs. China – Fiscal Balance and Central Bank Assets As the chart shows, the U.S. and China have two very different policy responses to the pandemic crisis. Image: Alpine Macro
Central Bank Asset Purchases The pace of global central bank purchases is expected to turn negative next year. Image: BofA Global Investment Strategy