The Economic Update – July 2014
July 2014 – Summary
Most markets rose strongly in June as the continuation of the global search for yield thematic again saw fixed income and share markets both perform well. The search for yield was given added impetus by stimulus measures announced by the European Central Bank (ECB) in an effort to lift inflation from its current low level. While the ECB stopped short of announcing its own asset purchase program, it lowered interest rates and introduced a series of measures aimed at increasing the availability of bank credit.