Five Things You Need to Know to Start Your Day

All about central banks, economy gets a health check, and warnings against default.

The Federal Reserve’s contribution to a very busy couple of days for central banks around the world turned out to be in line with what markets were expecting. Also yesterday, Brazil’s central bank hiked rates a full percentage point. Already today, we’ve had decisions from the central banks of Switzerland (hold), the Philippines (hold), and Norway (rates raised 25 basis points). Later this morning the Bank of England is expected to make no change to policy, while things could be much more interesting in Turkey where the governor has to make a decision between market pressures and the president’s expectations. South Africa’s monetary authority also announces its latest decision today.