All Eyes On ECB. In the wake of the release of solid jobs figures the market is getting a busy week, and it will start early. Chinese leaders will meet in
All Eyes On ECB. In the wake of the release of solid jobs figures the market is getting a busy week, and it will start early. Chinese leaders will meet in Beijing for the National People’s Congress (NPC). Market expectations for this meeting are not very high; however the release of the annual GDP target will be closely watch. In Switzerland, expectations for tightening exemption on negative interest rate should be expected given our outlook for ECB action. In Brazil, the Copom decided, as widely expected, to hold the Selic rate at 14.25%. In spite of the Committee willingness to protect the economy against a deeper recession, the prospect of lower interest rate is distant.
