The Central Bank Conundrum

This week our new Chief Investment Officer in the Asia Pacific Stefanie Holtze-Jen makes her podcasting debut! Stefanie looks back at last Thursday’s surprise European Central Bank announcement to phase out its bond purchases more quickly than previously planned while signalling the end of the Pandemic Emergency Purchase Programme (PEPP). She assesses what implications these decisions might have for markets and other central bank statements this week. Stefanie then takes a look at global foreign exchange markets and finally looks into the market impact of the ongoing People’s Congress Conference in China. Tune in to this week’s podcast to hear Deutsche Bank’s Asia Pacific CIO outline why she thinks the ECB has now paved the way for beginning a rate hiking cycle later this year, but that this action won’t necessarily lead to a ‘text book’ appreciation for the euro. For more investing insights, please visit www.deutschewealth.comThis podcast may be considered marketing material. The value of an investment can fall as well as rise and you might not get back the amount originally invested. The services described in this podcast are provided by Deutsche Bank AG or by its subsidiaries and/or affiliates in accordance with appropriate local legislation and regulation. Deutsche Bank AG is subject to comprehensive supervision by the European Central Bank (“ECB”), by Germany’s Federal Financial Supervisory Authority (BaFin) and by Germany’s central bank (“Deutsche Bundesbank”). Brokerage services in the United States are offered through Deutsche Bank Securities Inc., a broker-dealer and registered investment adviser, which conducts investment banking and securities activities in the United States. Deutsche Bank Securities Inc. is a member of FINRA, NYSE and SIPC. Lending and banking services in the United States are offered through Deutsche Bank Trust Company Americas, member FDIC, and other members of the Deutsche Bank Group. The products, services, information and/or materials referred to within this podcast may not be available for residents of certain jurisdictions. © 2022 Deutsche Bank AG and/or its subsidiaries. All rights reserved. This podcast may not be used, reproduced, copied or modified without the written consent of Deutsche Bank AG. 030620 030121