European Rates and Economics Daily

RBC reports strong UK Q1 GDP growth of 0.6% and hawkish shifts at the Bank of Japan, while Kevin Warsh is confirmed as the new Fed Chair.

Key Takeaways

• 1.UK Q1 GDP grew by 0.6% q/q, significantly exceeding PMI-based signals and driven by domestic household consumption.
• 2.Bank of Japan (BoJ) hawks are gaining influence, with board member Masu calling for an early rate hike.
• 3.Kevin Warsh was confirmed as Fed Chair by the US Senate with the narrowest margin in history (54-45).

Table of Contents

• Overnight news
• Data and events
• Exhibit A: RBC growth and inflation forecasts
• Exhibit B: RBC yield forecasts
• RBC RV Quadrant
• Sales Literature and Market Commentary Disclaimer
• Disclaimer for Central Bank A.I. Sight™
• Disclaimer for OTC Derivatives
• Sales Note Disclosures Under the Market Abuse Regime

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