Today's main event is the ECB meeting. Economists at OCBC Bank analyze how the Monetary Policy Statement could impact the FX market. ECB to remain on
hold It is widely expected for the ECB to remain on hold. In fact, our house view is that the ECB is done tightening for current cycle. It is likely ECB may potentially start a debate on how they want to tackle excess liquidity in next stage of inflation fight.
Discussion on how to reduce excess liquidity will focus on three areas: 1/ the amount of reserves banks must keep at the ECB; 2/ the unwinding of its bond-buying programmes and 3/ a new framework for steering short-term interest rates. These imply that raising minimum RR should not be ruled out. Overall, the ECB meeting is likely a non-event for FX.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Forex Today: ECB rate decision, US growth data to ramp up volatilityHere is what you need to know on Thursday, October 26: Markets remain on edge on Thursday and safe-haven flows dominate the action as geopolitical ten
Leer más »
EUR/USD: Markets unlikely to chase rallies beyond 1.0600/1.0630Economists at ING anlayze EUR/USD outlook ahead of today’s ECB meeting. Room for a hawkish surprise The ECB announces policy today, and we expect both
Leer más »
EUR to come under pressure if the Eurosystem withdraws as a buyer of government bondsThe ECB holds its regular monetary policy meeting today. The actual rate decision is unlikely to provide much of a surprise, economists at Commerzbank
Leer más »
Economists fear major disruption if the Israel-Hamas conflict is not containedIsrael's subsequent bombardment of Gaza in a bid to eliminate Hamas has increased the risk of a spillover to the wider Middle East region.
Leer más »
Economists fear major disruption if the Israel-Hamas conflict is not containedIsrael’s subsequent bombardment of Gaza in a bid to eliminate Hamas has increased the risk of a spillover to the wider Middle East region.
Leer más »
BOJ to end negative interest rates in 2024, more economists say: Reuters pollThe Bank of Japan will end its negative interest rate policy next year, according to nearly two-thirds of economists in a Reuters poll, with more now saying the central bank is inching closer to phasing out ultra-accommodative monetary policy.
Leer más »