JPMorgan's Kolanovich increasingly concerned about central bank policy mistakes

JPMorgan analyst Marko Kolanovic said the firm was increasingly concerned that the central bank made a policy mistake in a report on Friday.

analysts explained that the company’s results this year have been above market expectations, and its optimistic outlook is based on “the central bank will not make serious policy mistakes and the war in Europe will ease.” Assuming “after the full autumn/witness season (resulting in only a slight recession in Europe), growth in Asia will accelerate significantly in the second half of the year. ” However, while they still believe that Asian growth will support the global cycle and positioning provides support for the market, JPMorgan “is increasingly Fears of central bank policy mistakes and new geopolitical tail risks following the disruption of the Nord Stream pipeline. “

“since57 We have seen some mistakes that increase macroeconomic volatility (Q4 tightened into a manufacturing recession, 52 Continue to loosen encryption/NFT/innovati on the bubble, now again on 100 into slowdown and war with unprecedented tightening),” Kolanovich wrote. “Given the recent escalation of hawkish rhetoric, central banks may make policy mistakes that could negatively impact the world already. Increase, which is starting to show in various cracks in the foreign exchange and interest rate markets. Even a single mistake avoided could delay global markets and economic recovery,” analysts said.