Draghi is back from Vacation
Draghi is back from vacation. In Japan, BoJ is running out of room for monetary policy as Governor Kuroda already tried everything to weaken the yen. Similarly, in Switzerland the central bank is having a hard maintaining the Swiss franc at sustainable level for the Swiss economy. Nevertheless, the SNB
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Draghi is back from vacation. In Japan, BoJ is running out of room for monetary policy as Governor Kuroda already tried everything to weaken the yen. Similarly, in Switzerland the central bank is having a hard maintaining the Swiss franc at sustainable level for the Swiss economy. Nevertheless, the SNB ruled out helicopter money. Across the Atlantic, the ECB is happy with the current monetary policy mix and is rather in a wait-and-see approach, leaving leadership to the Fed. Finally, in Brazil, Dilma Rousseff was removed from office by the Senate as Michel Temer became president, shifting the market’s attention to economic fundamentals.
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This article is a guest blog written by Peter Rosenstreich from Swissquote