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Macro & Markets: A bit of everything from central bankers
The BOJ is the last to hike while SNB is the first to cut among G10 central bank since the inflation spike. Fed is still signalling a summer cut, while Norges Bank will follow only after the summer. It has been quite an eventful week for central banks. Both hikes, cuts and plenty of unchanged rates were in the mix over the last week. Bank of Japan surprised markets somewhat with the first rate hike in 17 years, ending the last negative rate regime among the major economies. On the opposite side we have the Swiss National Bank which is the first G10 central bank to lower rates since inflation started to become ... (full story)