ECB, BOJ, Norges Bank to Hold Rates, Set Tone for 2019

  • Monday, January 21, 2019

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The Most Important Central Bank Releases This Week
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In the midst of political turmoil in the U.S., decelerating growth in China, international trade tensions and ongoing Brexit uncertainty, a dark cloud currently looms over the global economy. Nevertheless, the ECB and Norges Bank will likely stay the course in their policy meetings this week by holding rates and signaling cautious optimism about 2019. BOJ policymakers, likely to be somewhat less optimistic, will almost certainly hold rates but revise down their inflation forecast. While all three policy meetings are likely to expound upon the significant downside risks faced by the global economy in 2019, policymakers are also likely to signal that they have the ammunition to weather these risks relatively unscathed.

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