Central Banks to Remain Neutral Amid Trade War Rhetoric

  • Monday, March 12, 2018

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

Although Fed policymakers will be silent this week due to their pre-meeting blackout period, seven other central banks are active, two of which have policy meetings. Norges Bank and SNB policymakers are likely to hold rates, though the Norges Bank could signal tighter policy in the near future. Elsewhere in Europe, the ECB will likely draw the market’s attention with both Mario Draghi and Peter Praet slated to speak. Draghi may use this opportunity to signal the tapering timeline now that the bank has indicated it is unlikely they will further expand stimulus.

Policymakers from the BOJ, BOE, RBA, and BOC are also active this week. The BOJ will release minutes from last week’s meeting, where they held rates yet again. The bank remains firmly in “wait-and-see” mode, so the minutes are unlikely to give much insight into policymakers’ plans. The BOE’s Financial Policy Committee statement may provide insight into how policymakers gauge England’s economic stability in the face of Brexit. BOC and RBA policymakers are giving speeches this week that may address trade war saber rattling by President Trump; such a trade war would undoubtedly spill over into economies that are closely tied to the U.S. and China.

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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