Though the Bank of England recently held rates, most commentators interpreted the statement as the Monetary Policy Committee keeping its options open.
Globally, central banks are remaining hawkish with the U.S. Federal reserve expected to hike rates three more times over the course of the year, while markets have fully priced in a rate hike from the ECB by July 2019.
In this rising rate environment, the direct cost of debt and the opportunity cost of holding uninvested cash both increase significantly. Therefore the quality and accuracy of cash forecasts, used to plan for future liquidity needs, comes into sharp focus.
As a specialised cash flow forecasting software provider, CashAnalytics is dedicated to helping global treasury teams better understand their current and future cash and liquidity positions.
We will be at the Association of Corporate Treasurers (ACT) conference in Liverpool tomorrow and will be happy to discuss how our cash forecasting software can help your treasury team increase the quality and accuracy of its cash and liquidity forecasts.
For more details on our presence at the ACT conference please click here.
If you are not attending the ACT conference but are curious about how CashAnalytics works, please view our website.
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