Makro Haberleri

Rabobank’s Senior Macro Strategist Stefan Koopman expects the Bank of England’s (BoE) Monetary Policy Committee (MPC) to leave Bank Rate at 3.75% at the April meeting, maintaining its vigilant stance.

The US Dollar Index (DXY) is losing momentum near the 98.50 price zone and continues drifting lower from recent highs as markets unwind part of the recent US Dollar (USD) rally despite still strong United States (US) data and ongoing Middle East tensions.

DBS Group Research’s Chang Wei Liang says Japan’s March Consumer Price Index (CPI) data show underlying price pressures, with headline and core-core inflation edging higher and the Bank of Japan (BoJ) reportedly set to raise its inflation forecast.

Commerzbank's Dr. Jörg Krämer and Bernd Weidensteiner expect the European Central Bank (ECB) to leave rates unchanged next week but still project a June hike if the Strait of Hormuz remains blocked and inflation risks persist.

National Bank of Canada (NBC) analysts Ethan Currie and Taylor Schleich expect the Bank of Canada (BoC) to keep its overnight target at 2.25%, extending a fourth consecutive hold.

The latest Reuters surveys highlight a gradual shift toward tighter monetary policy expectations in the Eurozone, with a more pronounced tightening bias than previously anticipated.

Societe Generale analysts highlight that stronger‑than‑forecast United Kingdom (UK) inflation and PMIs (Purchasing Managers' Index) raise the question of a potential hawkish dissent at next week’s Bank of England (BoE) meeting, even though the house view is for a unanimous hold.

Politics, Geopolitics & Conflict The U.S. naval blockade is clearly hurting Iran, but it has not forced Tehran to bend. Iranian oil exports have fallen sharply, vessel traffic is down, ships have been turned back or seized, and the pressure on Iran’s economy is real. But the blockade is not airtight

Rabobank’s Senior Macro Strategist Bas van Geffen argues that muted market reactions have reduced urgency for central banks to act, even as Middle East conflict risks persist.

Brown Brothers Harriman’s (BBH) Elias Haddad highlights that EUR/USD is hovering near its 200-day moving average as Eurozone data signal stalling growth and rising inflation pressures.