The Week Ahead – What will the Fed do? BOE, SNB, BSP, Norges and Flash PMIs
Nomura – The Week Ahead
Introduction
This week has seen huge liquidity injections with US banks borrowing $165 billion from two of the Fed's backstop facilities. The prior high was only $111 billion during 2008 crisis. In Europe, it's the Bank of England, the SMB and the Nordges Bank meetings. We also have Flash PMI data, durable goods and Canadian CPI. And in Asia, we're looking at BSP meeting, Japanese and Singapore CPI and global markets.
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