Nomura’s Willcox Sees Rates Staying Higher for Longer
- Willcox sees interest-rate cuts coming ‘a little bit later’
- He expects BOJ to move from negative-rate policy this year
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Investors wagering on a drop in interest rates this year may be disappointed, according to the head of the investment-banking unit at Nomura Holdings Inc.
“Central banks are going to remain vigilant for longer,” Christopher Willcox, head of Tokyo-based Nomura’s wholesale division, said in an interview on Bloomberg TV at the World Economic Forum in Davos. “They were shocked by this inflation move and I think they are going to make sure that it’s under control before they move forward. Our view on the market is perhaps that interest-rate cuts come a little bit later and that there are probably fewer of them in 2024.”