Central Bankers Lay Groundwork for 2018

  • Monday, January 15, 2018

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The Most Important Central Bank Releases This Week
central bank communications analytics research

After a slow start to the year, four of the G-10 central banks are active this week. The biggest market-mover is likely to be the BOC policy meeting with accompanying rate announcement and press conference. Despite speculation about a possible BOC rate hike on the back of strong labor market data, continued uncertainty about NAFTA and a total lack of policy signaling suggests that Canadian policymakers will hold rates this week, perhaps setting the stage for several rate hikes later in 2018.

Unlike their silent Canadian counterparts, Fed policymakers are once again talkative with three speeches scheduled this week. Kaplan and Mester are likely to reinforce the Fed’s recent hawkish trend, but Evans will likely provide a more dovish perspective.

The BOE’s newest policymaker, Silvana Tenreyro, will speak for the first time this week, providing some insight as to whether she will live up to her dovish reputation while on the MPC.

Lastly, SNB Governor Jordan will give the bank’s first speech of the year, which will likely focus on 2017 being the SNB’s most profitable year due in large part to market interventions and CHF weakening.

This is an abbreviated version of the Cyborg Analyst. The full weekly report contains detailed analysis based on Prattle’s central bank data. Subscribe here.

The Prattle Team

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