
ABN Amro tops forecast with long-term call
All major central banks will maintain an accommodative stance for the foreseeable future

The monetary policy of major central banks looks set to remain accommodative for the rest of the year, as a tone of caution creeps into global sentiment, following the UK's vote to leave the European Union, says Georgette Boele, the co-ordinator for FX and precious metals strategy at ABN Amro, which topped FX Week's 12-month forecast rankings.
As a result, Boele now expects the Federal Reserve to hold off from further rate rises this year and to only resume its hiking cycle next year, with three
More on Foreign Exchange
Average reported daily UK FX turnover hits record high
Daily turnover of $2,881bn in October 2019, up 2% from previous high of $2,821bn in April
PBoC injects 1.2 trillion yuan as markets plunge
Chinese central bank eases to support economy as coronavirus spreads; Q1 GDP growth could drop to 4%
Spot volumes on platforms resumed downward trend in 2019
But an uptick was seen in FX swaps and forwards submitted for settlement
PBoC extends market closure as coronavirus spreads rapidly
Chinese central bank extends interbank markets closure and vows to maintain ample liquidity