UBS: Major central banks becoming dovish

Union Bank of Switzerland’s analysis team note that the world's major central banks have become more dovish.

Key Quotes

“This week US Fed Chair #Powell reiterated the Fed's patient, data-dependent stance in testimony to Congress.”

“The hawks at ECB are sounding more dovish. Bundesbank President Weidmann said that there was "much to suggest" that weakness in Germany's growth is persisting in 2019.”

“And Bank of Japan (BoJ) Governor Haruhiko Kuroda said last week that the central bank might ease policy further if a strong yen hurts the economy.”