AXA Investment Managers

El estado de los bonos vinculados a la inflación en un entorno post COVID-19


Jana Vukomanovic Water Unsplash
Pixabay CC0 Public DomainJana Vukomanovic. Jana Vukomanovic

Autor: Meritxell Sedo

  1. Inflation in 2020 will be close to zero, a level priced in by the market
  2. Expectations for inflation are depressed, but we see upside risks
  3. Those include the oil price base effect and rising prices in some key sectors
  4. Downward pressure may come from more online pricing, while COVID-19 has given statistical agencies a headache in terms of data construction
  5. Other inflationary factors might include protectionist trade policies or a regulatory effect from green policies