Archives of “January 20, 2020” day

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Iran says that it still respects the JCPOA deal

  
Analysis, Crude

Iran says that it is working on last steps to reduce nuclear commitments

Iran
  • Says that the claims made by the EU are unfounded
  • Criticises European powers for not fulfilling their obligations
  • Says EU resorting to dispute mechanism lacks legal value
Iran is continuing with the play acting – as you would expect – following the recent events that took place at the start of this year. The nuclear deal is hanging on by a thread at the moment but ever since the US has pulled out, it has lost a lot of its importance already.

“First of the new decade” central bank decision coming up this week – ECB, BOJ, BOC

  
  Analysis

Despite the ‘first meeting of the new decade’ hype that you are bound to hear these three are likely to keep policy on hold.

  • Bank of Japan meets today and tomorrow, decision announced at the meeting conclusion on Tuesday 21 January 2020
  • Bank of Canada day follows, on Wednesday 22nd.
  • The European Central Bank is next, on Thursday 23rd. Notable for noob president Christine Lagarde (meeting #2) still finding her feet? Probably not, she is an old hand at dealing with institutional politics.
All of these 3 central banks will be looking at a stabilising global environment:
  • fewer Brexit-related questions (still plenty, but at least there is some certainty ahead compared with 3 months ago)
  • improved data from China
  • US-China phase 1 deal signed
Despite the 'first meeting of the new decade' hype that you are bound to hear these three are likely to keep policy on hold.
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