UBS On-Air: Paul Donovan Daily Audio 'Ignoring central bankers?'

Economists risk being trampled by the herd of central bankers rushing towards media microphones. Bank of England Governor Bailey and Federal Reserve Chair Powell are both speaking, as are several European Central Bank members. Do investors care what they say? Probably not. Markets are comfortable that monetary policy rates have peaked; central bank speak is unlikely to change that. Any defensive hawkish rhetoric implying rate hikes are possible is likely to be met with a cynical “they would say that, wouldn’t they?”.