Blinded by tariffs

Trade policy uncertainty is shaping global monetary policy, with major central banks responding differently. This report, prepared by global macro strategists at Robeco, analyzes key developments:

• -Federal Reserve: Holding rates steady amid inflation concerns, with potential cuts by mid-year.
• European Central Bank: Continuing 25 bps rate cuts, targeting a 2% deposit rate.
• -People’s Bank of China: Delayed easing but remains on track for further stimulus.

Read the full report for deeper insights into monetary policy shifts and market implications.