Blessing in disguise in the US, BOE is behind the curve - Berenberg

Trump failed to repeal the Obamacare! Is the glass half full or half empty here? While most in the markets are busy saying this is a bad sign, Berenberg Chief Economist Kallum Pickering explains us why this is a sort of “blessing in disguise”.

Trump’s failure to repeal the Obamacare indicates there are ‘checks and balances’ in the US… and that means less odds of protectionism, trade wars with China, says Pickering. He adds that Trump’s infrastructure spending will come through.

Watch the full segment to know-

Why Pickering feels the BOE is behind the curve?

What if - BOE remains behind the curve? - Pickering says it will fuel the boom bust cycle three years down the line

What if - BOE delays the first rate hike and moves at a faster rate later? Will that create unemployment?

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