IR Breakfast: Back to school Macro & Rates with Bank of America

WEDNESDAY, SEPTEMBER 2, 2026 | 8.15 AM

Date

Wednesday, September 2, 2026
8.15 – 9.30 AM (CEST)

Location

Bank of America
Stockerstrasse 23
 8001 Zurich

Presented by 

Join us for a breakfast discussion with Bank of America’s Analysts Ralf Preusser (MD, Global Head of G10 Rates & FX Strategy) and Ruben Segura-Cayuela (MD, Head of Europe Economics Research).

With the Middle East unresolved energy prices remain high and volatile, this adds uncertainty to the global economic and markets outlook and risks are underpriced. While the shock is still smaller than we thought a few weeks ago, it is still a sizeable shock that will lead to less growth and more inflation. The US is likely to remain resilient and inflation there sticky, leading to several Fed hikes this year. For the ECB one final rate hike in September remains likely, but the focus will eventually shift toward the need for rate cuts in 2027 as inflation eases. Meanwhile, the Bank of England is likely to stay on hold. Lower energy prices have reduced the need for further tightening, though we doubt we can see cuts anytime soon.

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Ralf Preusser

Ralf Preusser is a Managing Director and Global Head of G10 Rates and FX Strategy. He and his team are responsible for all G10 rates and FX forecasts. They drive all tactical and strategic calls on duration, curve, spreads, volatility, and inflation, as well as all G10 FX trade ideas in spot and options. The team has been consistently top ranked in the Institutional Investor Research Survey since 2018. Preusser joined BofA in May 2010 as Head of EMEA Rates Research. He was named Global Head of Rates Research in July 2015 and Global Head of G10 Rates and FX Strategy in October 2023. He is the editor of the Global Rates Weekly. Preusser joined from Deutsche Bank, where he spent 10 years in the Fixed Income and Relative Value Research group. At Deutsche Bank, Preusser was a managing director and co-head of the European Rates Research team. Preusser holds a BA in Economics from the University of Cambridge and an MSc in Economics from the London School of Economics. He is also a CFA Charterholder. Preusser speaks German, English, and French.

Ruben Segura-Cayuela

Ruben Segura-Cayuela is a Managing Director and the head of Europe Economics Research. The Europe economics team has been ranked #1 in the II Global Fixed Income Research Survey every year since 2019. Prior to joining the firm, Segura-Cayuela was a senior economist at the International Affairs Directorate of Banco de España, where he was responsible for the coverage of global fiscal and structural policies as well as macroeconomic analysis and academic research. He has also worked as an advisor in macroeconomic and financial issues to the Deputy Minister for Economic Affairs in Spain. Segura-Cayuela was awarded a PhD in Economics from the Massachusetts Institute of Technology and holds a Master’s degree in Economics and Finance from CEMFI.