Our Scans · (FS.1.02) Central Banking · Weekly Summary

• [New] We anticipate both the European Central Bank and Bank of England to hold rates steady for the remainder of 2025 but believe that risks skew towards both cutting early next year if inflation undershoots expectations. / USA Goldman Sachs Asset Management
• [New] The U.K. government's upcoming budget will focus on lowering inflation and paving the way for the Bank of England to lower its key interest rate. Morningstar, Inc.
• [New] Persistent inflation, especially high food prices, and the lingering impact of tariffs will continue to erode purchasing power, while monetary policy uncertainty, exacerbated by the government shutdown hindering data availability, will keep the Federal Reserve in a precarious position. FinancialContent
• [New] The European Central Bank held rates for a third straight meeting and noted monetary policy is in a good place, while the Bank of Japan (BOJ) also kept rates unchanged as expected. Clear Financial Group
• [New] The parliament vote drove down the yen and bond yields on expectations Takaichi's presence could delay further interest rate hikes by the Bank of Japan. / Japan The Asahi Shimbun
• [New] Central banks in Australia, Sweden, and Brazil are expected to keep interest rates unchanged, while the Mexican central bank may consider cutting them. Sada News Agency
• [New] The Bank of England has opened a digital pound lab, but a go / no-go decision is not expected until 2026. Business of Payments
• [New] Looking ahead, if the Federal Reserve accedes to pressure and implements further aggressive rate cuts into 2026, technology growth stocks could emerge as significant beneficiaries. FinancialContent
• [New] As anticipated by markets and economists, the US Federal Reserve cut interest rates by another 25 basis points for the second month in a row, taking the Fed Funds rate to 3.75% -4%. Propel Financial Advice
• [New] Mexico's central bank (Banxico) is widely expected to trim the policy rate 25 bps to 7.25%. Brown Brothers Harriman
• [New] Brazil's central bank is widely expected to keep rates at 15.0% for a third consecutive meeting. Brown Brothers Harriman
• [New] The Bank of England is expected to keep the policy rate at 4.0% and reiterate its guidance for a gradual and careful approach to further rate cuts. Brown Brothers Harriman
• [New] The Bank of England is expected to skip an interest-rate cut on Thursday, further slowing the once-a-quarter pace to policy easing that it's maintained for more than a year. financialpost
• [New] The hawks at the Bank of England - which meets next week - argue that inflation at 3.8% risks morphing into a much more persistent episode of price pressure. investing.com
• [New] With the risk of growth slowing, a number of central banks should continue easing, including the Bank of England, Reserve Bank of Australia and the Fed. EMEA
• [New] The European Central Bank is looking to pilot its digital euro in mid-2027 ahead of a Europe-wide roll out in 2029. Decrypt
• [New] In Japan, the Bank of Japan is expected to maintain its ultra-loose monetary policy, keeping interest rates near zero or in slightly negative territory. investing.com
• [New] The European Central Bank is widely expected to keep interest rates unchanged this week after concluding its record-long tightening campaign last year. / USA investing.com
• Look for monetary policy to remain a primary driver of short-term interest rates over the next several months as the Federal Reserve seeks to balance risks to its dual mandate of stable prices (inflation) and full employment. Default
• This week the US Federal Reserve will make a data dependent FOMC meeting interest rate decision, given that the official data releases were disrupted by ongoing US government shutdown. Medium
• The IMF warns of potential shocks, from a sharp tech-sector correction to weakening central bank independence. CEOWORLD Magazine

Last updated: 06 November 2025