Bloomberg Citigroup Inc’s private bank wants its clients to work on an attitude adjustment. Next year will be “brighter than many expect,” Citi Private Bank said in its 2020 outlook “Staying Positive in a Negative (Yielding) World”. It rejects the idea that a recession is imminent. “The point of view of many family clients I meet is one of a ...

Bloomberg The Bank of Japan (BOJ) will consider downgrading its assessment on factory output at its rate review this month from its view in October, Reuters reported, citing unidentified people. October output was “weak,” with the key worry being the impact of sluggish automobile demand, Reuters cited one person with direct knowledge of the matter as saying. Two other unidentified ...

Bloomberg The European Central Bank is done with cutting interest rates despite persistent downside risks to growth, according to a Bloomberg survey of economists. With officials increasingly concerned about the impact of negative rates and President Christine Lagarde about to announce a strategic review, most respondents said monetary policy is on autopilot for the next two years. That’s a turnaround ...