Trump’s trade storms are confused by global central banks

Sudden White House speech on customs duties has had great impacts on currency markets, oil prices and inflation expectations, which have placed central banks around the world in critical and difficult situations.

The European Central Bank has cut interest rates on Thursday, stopping temporary in the near future, and Switzerland is preparing to return to negative interest rates. On the other hand, Japan’s intentions fluctuate about the abandoning of its easy monetary policy, but the volatile American data is a NTIC on the Federal Reserve Council.

Look at the locations of 10 Central Banks in Advanced Markets:

1, Switzerland

The Swiss National Bank will hold its next meeting on June 19, and after consumer prices have fallen first in four years, traders expect the bank to return from 0.25 percent to a negative area.

Due to geographical political fluctuations and market fluctuations, the Swiss frank, which is considered a safe haven against the dollar so far this year, has increased. It is a challenge to the Swiss economy, which is largely dependent on exports and low imports, which gives reasons for the Swiss National Bank contraction.

2. Canada

Canada Bank said on Wednesday that interest rates were kept at 2.75 per cent and that there was another reduction in the face of a weak economy in the wake of customs duties.

Canada Bank put interest rates for the second consecutive year after the sharp discount cycle, which cut interest rates by 225 basis points in nine months. Markets expect the likelihood of about 85 percent by September to reduce one -fourth of one point.

3. New Zealand

Money markets expect the New Zealand Reserve to resolve interest rates at its meeting on July 9 after the reduction of 25 basis points in May to protect the economy focused on China. The New Zealand Reserve has warned that uncertainty about global trade will be blurred.

4. Sweden

Sweden Central Bank did not change the main interest rate in May to 2.25 %. With the help of US customs duties to reduce the economy in the first quarter, the Swedish Central Bank has suggested a further monetary facility. His next decision was scheduled for the interest rate on June 18.

5. Euro area

The European Central Bank has cut interest rates as expected on Thursday, and all the options have been placed in its upcoming meetings, with the rising opportunities of the cash facilitation cycle in the summer. Bank has cut interest rates eight times in the past year and expects another reduction by the end of this year.

6. The United States

The “Federal Reserve”, which is subject to continuous criticism from President Donald Trump, is expected to keep its price at its next meeting on June 18, where the possibility of uncertainty about customs duties is expected to be the right choice at the present time. With companies concerned about Trump’s aggressive commercial speech, workers’ demobilization operations have increased, manufacturing requests have declined, and the prices of factory products have increased, which refers to the risk of calm inflation if the White House relieves its position.

After the Federal Reserve’s 100 basis points discounts last year, interest rates from December were 4.25 – 4.5 %. Money markets expect more cash facility by the end of this year.

7. Britain

The Bank of England, which slowly reduced the costs of borrowing in accordance with volatile inflation trends, reduced the interest rates by 25 basis points to 4.25 percent last month and revealed the unexpected partition between policy designers, which indicates future uncertainty.

Governor Andrew Billy said that the Bank of England will be careful in the light of unexpected world trends. Merchants will expect no movement in June, with a 60 percent potential of the UAP.

8. Australia

The fears of impact of trade war between the United States and the United States and China suggested that the Australian Reserve Bank is ready to interfere quickly by reducing the interest rates of basic goods and Australian mining companies. In May, the bank’s interest rate was reduced to 3.85 percent by 25 basis points, and the costs of borrowing would reach 3 percent by the end of this year.

9. Norway

Norwegian Central Bank has left its oil -related currency’s weakness and uncertainty in global trade, leaving plans to reduce monetary policy, which pose a new threat. Norway Bank has kept interest rates at 4.50 % in May, which is the highest level in 17 years, with market expectations not to change them at the June 19 meeting.

10. Japan

The Bank of Japan, which increases interest rates, faces complex challenges due to the impact of customs duties and inflation on exports. After installing the interest rate of 0.5 percent in May, Governor Kajo Oieda refused to reveal the next increase in interest rates.