Central Banks and trade amongst market movers ahead – Danske Bank
Danske Bank analysts are expecting Riksbank to raise its policy rate from by 25 basis points to 0% at its policy meeting on Thursday despite a weakening economy.
Key Quotes
“We expect Norges Bank to signal an extended period on hold both verbally and via the new rate path.”
“The US-China trade talks will remain in focus, especially the mood between the two sides and the likelihood of a phase two deal in 2020, which we continue to see a 50% chance of happening next year.”
“Preliminary December PMIs in the US, Japan and Eurozone are likely to provide evidence of a slight pick-up in manufacturing activity.”
“On Thursday, we expect the Bank of Japan (BoJ) to keep quantitative and qualitative easing with yield curve control in place, with a strong easing bias if the economic outlook deteriorates.”
Author
Sandeep Kanihama
FXStreet Contributor
Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.
