First up is European Central Bank President Lagarde at 0715 GMT:

• in a discussion at Frankfurt Forum on US-European GeoEconomics organised by the Atlantic Council in partnership with Atlantik-Brücke in Frankfurt

0815 GMT Bank of England Deputy Governor Jon Cunliffe keynote speech:

• at AFME conference about ‘The role of technology in changing the landscape for payments and settlement systems, and the potential applications of CBDC’s in wholesale markets’

1500 GMT:

• Online introductory remarks by ECB board member Frank Elderson at an event entitled “A European monetary policy for the planet and for the people” hosted by the Greens/EFA in the European Parliament

1800 GMT Bank of England Monetary Policy Committee member Swati Dhingra

• chairs a panel with Federal Reserve Bank of Chicago President Charles Evans at the London School of Economics

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There are Federal Reserve speakers coming up also on Wednesday, 28 September 2022 – I’ll post this separately.

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The hot topic amongst central bankers right now is how tough they are on inflation, hiking rates etc. there will be p;plenty of that from this lot, you know the drill.

Via a research piece from Bank of Montreal, this in brief:

• The risk of a North American recession over the next year has now climbed above 50%.
• a moderate downturn in the first half of 2023 in both the U.S. and Canadian economies

Forecasts for the Federal Open Market Committee (FOMC):

• we are now expecting a 75 bp hike in November
• 50 bps in December
• and 25 bps at the first meeting in 2023
• taking the funds rate to a peak of 4.50%-to-4.75% early next year, a net addition of 25 bps at each one of those three meetings. And then we expect that rate to hold through 2023.

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More of this to come then?