Global Economy · Monday, October 19, 2026 · 4
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Morgan Stanley’s Andrew Sheets says markets are right to cut ECB hike bets
Andrew Sheets, Morgan Stanley’s global head of fixed income research, said markets are right to lower expectations for European Central Bank rate hikes. Speaking on Bloomberg, he pointed to volatility in French bonds and equities as a factor clouding the policy outlook.
Bottom line — Sheets says French market volatility is weighing on expectations for the ECB’s next rate moves.
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Bloomberg said Sheets discussed how volatility in French bonds and equities could affect ECB policy.
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Guavy’s account of the Bloomberg interview said Sheets sees French market uncertainty as a reason for a more cautious policy outlook.
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Bloomberg said Morgan Stanley is assessing how the volatility affects its approach to European markets.
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