Robeco’s Central Bank Watcher (September 2025), by Martin van Vliet, Rikkert Scholten, and Phil McNicholas, analyzes global monetary policy dynamics across major economies.
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The Fed is expected to cut 100 bps by spring 2026, but inflation risks and political pressure limit aggressive easing.
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The ECB signaled a prolonged pause, with cuts unlikely unless new shocks emerge, while balance sheet reduction continues.
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The BoJ faces persistent services inflation, likely bringing forward its next hike, while the PBoC maintains a cautious easing stance.
How should investors position amid diverging central bank paths? Explore the full report for tactical implications.
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