BCB Minutes from Jan 27-28th meeting: global environment still remains uncertain due to the economic policy and economic outlook in the US, altering global financial conditions
Newsquawk Staff ·
- Set of domestic indicators continues to show, as expected, a path of moderation on economic growth, while the labour market still shows signals of resilience.
What it means
The BCB's minutes highlight ongoing uncertainty in the global environment, largely influenced by U.S. economic policy and outlook, which is affecting financial conditions worldwide. The mention of a moderating growth path domestically, coupled with a resilient labor market, points to a cautious stance on policy, suggesting that while the economy is slowing, it may not be in a dire state. Traders should watch for how these insights could influence future rate decisions and overall market sentiment.
Sources
- [PREVIEW] Riksbank Policy Decision on 4th November 2026
- BCB Poll: Economists see year-end 2026 Selic rate at 13.50% (prev. 13.25%) and year-end 2027 at 12.50% (prev. 11.75%), according to the weekly BCB Focus Market Survey
- BoK board member Hwang says watching FX market closely and that USD/KRW movement has been faster than expected, adds time to focus on inflation
- Bank of Korea says it will monitor financial and forex market conditions
- Hong Kong Monetary Authority maintains base rate at 4.25% as expected, in lockstep with the Fed
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