The ECB meet on December 14, announcement at 1245GMT, Draghi speaks at 1330GMT A brief summary of what Nat West is expecting The ECB will announce that net increases in asset purchase programmes will end at the end of the year. That’s expected. What else matters?
The SNB meet on December 14 2018 Via HSBC: Swiss National Bank to keep its policy rates on hold as it has been since January 2015. Swiss GDP surprised on the downside in Q3, falling by 0.2% q-o-q instead of the gain of 0.4% expected by consensus.
Norges Bank in Norway meet 13 December 2018 and Sveriges Riksbank (Riksbanken) in Sweden For those trading NOK …. quickie previews (these via Barclays):
Earlier previews of the ECB meeting can be found here: Adding a couple more. Via TD: And TD on implications for the euro: RBC:
Comments by PBOC governor, Yi Gang – Overcapacity has significantly eased – Downward pressure on the economy is increasing ForexLive Nothing more from Yi so far. But this has been the common rhetoric from Chinese officials as of late, that there is “downward pressure on the economy” so Yi’s comments aren’t exactly anything new.
No change expected from the SNB today Earlier preview: Thursday Dec. 14 is central bank day – Swiss National Bank preview Via Barclays:
SNB chief Thomas Jordan comments in the press conference – Risks to Swiss, global economic outlook is on the downside – Swiss growth momentum likely to weaken somewhat in 2019 ForexLive
TD on the Reserve Bank of Australia, not looking for a rate cut – We see no need for a cash rate reduction from the RBA to lower AUD – trade continues to thrive TD not impressed with market pessimism.
The SNB announces its 13 December 2018 monetary policy meeting decision – -0.75% – 3-month Libor lower target range -1.25% – 3-month Libor upper target range -0.25%
People’s Bank of China onshore yuan reference rate for the session – The slightly weaker USD overnight reflected by the Bank today This again … PBOC skips open market operations again today (for the 35th session in a row)