In addition to the global economic uncertainties, recession concerns and reducing production activity in some regions such as the EU's EU economy (EU), central banks cause difficulties to make money decisions.
In May, the central banks are waiting for intensive overtime. Customs and negotiations that take months before the monetary policy decisions of the important central banks in the world are the focus of the business circles.
In May, the monetary political decisions of large banks such as the central bank of Japan (Boj), the US federal bank (FED), the Central Bank of the United Kingdom (Boe), the central bank of South Korea and the central bank of Australia (RBA) are monitored.
May begins with the monetary political decisions of Boj
In Japan, Boj was known as one of the last central banks that entered the tightening cycle against the ongoing wage increases and the increased inflation risks.
Boj recorded the political interest rate by 0.50 percent at the last monetary policy meeting in March. In a statement by the bank, the Japanese economy is partially weak, although the moderate recovery experienced and found that the improvement in the company's profits reported that fixed capital investments tend to rise.
The prices on the money markets on May 1, the political interest rate of BO, constant, while the clear spirit is considered, is expected that Boj's political interests will increase by 25 basis in June.
It is estimated that the Fed also keeps the political interest constant
The increase in the risks of inflation and recession parallel to the protective trade of US management makes it difficult for the central bank. In the pricing on the money markets, the FED will leave the political interest rates on May 7 between 4.25 and 4.50 percent, while in June the bank will respond to interest in the interest rate with a probability of 66 percent in June.
In the April edition of the “Beige Book” reporting report of the Fed, which contains reviews on the current situation in the American economy, the uncertainty caused by customs tasks have a negative impact on the economic appearance. The report that was created with the analysis of 12 branches of the bank has changed very little since the previous reporting period.
In the past few weeks, US President Donald Trump's criticism of delaying interest rates will have been directed by the Fed's steps by the politics of other central banks.
According to the monetary policy decisions, analysts are closely monitored by the markets, which explains that a possible political dispute between the US administration and the FED can increase risk perception.
Interest reduction is expected from Boe
In order to revive the economy of the British activities of the manufacturing industry and economic growth and reduce the financing costs, Boe is expected to reduce interest rates in May. In the pricing of the money markets, the meeting of Boe on May 8th is considered the eyes of the political interests from 4.50 percent to 4.25 percent.
The Boe, which announced its final decision in March, made his political interest in parallel to the market expectations. In the monetary policy text, 8 members, including BoE President Andrew Bailey, said that 8 members made a statement to keep the political interest rate at 4.5 percent constant and a member to reduce it to 4.25 percent.
At the meeting of May, the bank will estimate the loosening cycle, recording and consumer fermentation in March, with 2.6 percent of the expectations of expectations.
The decisions of Australia, New Zealand and South Korea are observed on the Asian side.
Australia, New Zealand and South Korean central banks, one of the other important central banks on the Asian side, also focus on investors.
In Australia, RBA, in February parallel to inflation, which has lost power in the country for the first time since October 2020, the reference interest reduced by 25 basis points to 4.1 percent by 25 basis. The RBA, which will announce its decision on May 20, is expected to reduce the political interest rate of 25 base in parallel to the expectations of money markets to 3.85 percent.
The Central Bank of New Zealand is expected to accept a reduction of 25 years at a monetary -political meeting on May 28, and the political interest rate will attract 3.5 percent to 3.25 percent.
In an explanation that was carried out in April after the bank's monetary session in April, the monetary policy committee of annual consumer fermentation remained almost 1 percent to 3 percent of the target group, and the recently announced tariffs increases in the United States, retaliation from various trading partners and the increase in geo -economic uncertainty have a significant negative impact on global growth.
On the other hand, the central bank of South Korea will probably announce the political interests on May 29. Analysts found that the forecasts for the roadmap followed by the bank did not yet become clear, which reminded that the central bank of South Korea in April left its political interest at a level of 2.75 percent.
The latest interest decision by the bank said that the global economy is exposed to the uncertainties of growth and inflation -affected uncertainties that are affected by the increase in global trade voltages and on the global financial markets, the basic indicators of the United States increased due to the ongoing uncertainties of collective bargaining.
The central bank is expected to announce the interest decision on June 19th
In May, the monetary political decisions of the central banks in Sweden, Norway, Romania, Hungary, Poland and the Czech Republic will also be monitored.
On the other hand, on April 17, the central bank of the Republic of Türkiye, which increased its political interest rates to 46 percent by increasing its political interest rate to 46 percent, will not be held in May in May. The board is expected to announce the interest decision on June 19.
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