RaboResearch - Economic Research

Special

Hoe houdbaar is de stijging van de kapitaalmarktrente? (Dutch)

De rentemarkten weerspiegelen een te rooskleurig beeld na de forse stijging van de kapitaalmarktrentes in de tweede helft van 2016. Het ECB beleid, en dus het aankoopprogramma, gaat vooralsnog door tot eind 2017. De resultaten van dit programma zijn echter beperkt en de grenzen zijn niet oneindig oprekbaar.

Special Dutch version

How fast is China actually growing?

In this Special, we present our newly developed indicator for monitoring economic growth in China: the China Activity Indicator (CAI). In addition to five traditional indicators (such as electricity output), this also includes an indicator of private consumption. According to the CAI, growth in China in 2015 is closer to 5% than 7%.

Special Dutch version

Outlook 2016: Financial Markets

While there will be a devaluation of the Chinese renminbi, the dollar will also become stronger more generally in 2016, due in part to the Fed’s interest rate increases. The ECB is more likely to do the opposite, which will weaken the euro/dollar currency pair further still. Slightly higher capital market rates can be expected though.