A series of central bank meetings are about to take placeđ
Yesterday saw a quiet start to the week with Japan out on holidays, though itâs going to be a busy next few days with a full line up of central banking meetings ahead with the Fed / BOE / BOJ / SNB / Norges / Riksbank. For the 2nd day in a row, EUR continued to bounce from the lows on a Reuters report that the ECB is planning to start discussions on how to remove the multi-trillion pool of euro excess liquidity in the banking system, with a rise in the reserve requirements as a possible first move. This would be another significant action to reverse over a decade of QE purchases, tightening conditions on top of raising rates for a 10th consecutive time last week, as inflation remains stubbornly high in the eurozone.
