ECB and SNB rate decisions are the major focuses for today. SNB is widely expected to keep interest rate unchanged at -0.75%. The central bank would continue to note that Swiss Franc is overvalued. Negative interest rate remains necessary, as well as the readiness to intervene.
Christine Lagarde will hold her first meeting as ECB President. New round of monetary easing was already announced back in September while forward guidance was firmly set too. There is no expectation on any policy change for today, and possible for the near future. Instead, focuses will be on new Eurosystem staff macro economic projections, as well as information regarding the upcoming strategic reviews.
Here are some suggested readings:
