ECB, Riksbank Minutes Reflect Eurozone Policy Tightening Struggles

  • Tuesday, January 9, 2018

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

The two central bank releases that garner the most market attention this week are likely to be the minutes from ECB and Riksbank policy meetings held last month. Both sets of minutes are likely to score slightly dovish, despite signals that both banks are moving toward tighter policy. This dovish language will likely to reflect the ongoing concern throughout the Eurozone that tighter policy will have a detrimental effect on financial conditions, thus the need for policymakers to continue to signal their dovish/neutral posture. Stateside, Fed policymakers are very active this week with five scheduled speeches and four policymakers set to make remarks on panels. The biggest market mover is likely to be Bill Dudley on Thursday, but dovish speeches by Evans and Bullard (combined with panel remarks by Kashkari) could nudge aggregate Fed sentiment out of hawkish territory and more toward neutral.

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The Prattle Team

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