Open trading account 
Yesterday, the Federal Reserve opened the dances, increasing funding costs.
The central bank show will continue today with the SNB, Norges Bank, CBRT and the ECB.
As widely expected, the Swiss National Bank has not made any changes to its monetary policy.
Similarly, Norges Bank kept the reference rate unchanged at 0.50%. However, the Norwegian central bank reported that it will begin to raise rates in the autumn of 2018. The crown rose 1.20% against the US dollar and USD / NOK slipped to 8.2265. EUR / NOK fell by 1.30% to 9.72.
In Turkey, the CBRT should keep its three key interest rates unchanged. The market, however, predicts that the bank will increase the late liquidity rate by 1%, bringing it to 13.25%, by charging more to banks that require loans shortly before the market closes. On the wave of political interference from the government, the central bank has found another way to ease the pressure on TRY. The CBRT may decide not to finance local banks through the one-week repo auction, forcing them to borrow at much higher rates through the so-called "late liquidity window".
In Europe, both the ECB and the BoE will hold the last meetings of the year. Considering that the former has already halved its quantitative easing program in October, Mario Draghi will most likely remain watching.
The situation is similar for the BoE, as the central bank has already increased its financing charges in November.
We therefore expect a few interventions, although both banks will undoubtedly seize the opportunity to reiterate their prudent approach to the inflation and growth outlook.
The central bank show will continue today with the SNB, Norges Bank, CBRT and the ECB.
As widely expected, the Swiss National Bank has not made any changes to its monetary policy.
Similarly, Norges Bank kept the reference rate unchanged at 0.50%. However, the Norwegian central bank reported that it will begin to raise rates in the autumn of 2018. The crown rose 1.20% against the US dollar and USD / NOK slipped to 8.2265. EUR / NOK fell by 1.30% to 9.72.
In Turkey, the CBRT should keep its three key interest rates unchanged. The market, however, predicts that the bank will increase the late liquidity rate by 1%, bringing it to 13.25%, by charging more to banks that require loans shortly before the market closes. On the wave of political interference from the government, the central bank has found another way to ease the pressure on TRY. The CBRT may decide not to finance local banks through the one-week repo auction, forcing them to borrow at much higher rates through the so-called "late liquidity window".
In Europe, both the ECB and the BoE will hold the last meetings of the year. Considering that the former has already halved its quantitative easing program in October, Mario Draghi will most likely remain watching.
The situation is similar for the BoE, as the central bank has already increased its financing charges in November.
We therefore expect a few interventions, although both banks will undoubtedly seize the opportunity to reiterate their prudent approach to the inflation and growth outlook.
