Allianz Research

Powering ahead:
Global Wealth Report 2025

Policy rate decisions: the end of the beginning or the beginning of the end?

Ahead of the next round of monetary policy meetings next week, continued banking sector stress raises the question of whether financial stability concerns might alter the policy rate path in the US and the Eurozone, allowing inflation to remain higher for longer.

Unpacking returns on equity

In a context of higher inflation and financial instability on the one hand, and a just transition and deglobalization on the other, the drivers of Return on Equity (RoE) across geographies help identify risks and opportunities in equity markets.

Commercial real estate concerns for US banks

Some US banks remain under pressure, especially those with large exposure to commercial real estate (CRE). The office sector in particular has come under market stress.