What do changing central bank reaction functions mean for markets?

In the latest episode of Bondcast, Imogen Bachra, Giles Gale, and John Briggs  debrief after the Bank of England's surprise Bank Rate hike. They also take a closer look at what Fed Chair Jerome Powell’s "dovish defence" means for rates going forward, and discuss the enduring hawkishness of European Central Bankers. Remember to hit 'follow' so you can listen to our latest episodes as soon as they’re available – and hit the ‘like’ button so it’s easier for others to find.  And if you have any questions you’d like answered on the podcast, reach out directly or on Bloomberg – or email [email protected]. NB: This was recorded on 22 June 2023. For any terms used please refer to this glossary:  https://www.natwest.com/corporates/insights/markets/glossary.html Please view our full disclaimer here: https://www.natwest.com/corporates/disclaimer.html