Draghi Moves Center Stage, Fed Primed, RBI's Caution: Eco Day

(Bloomberg) --

Welcome to Monday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

• European Central Bank President Mario Draghi takes center stage in a week that the International Monetary Fund updates its forecasts for the global economy
• Swiss National Bank President Thomas Jordan is facing a new wall of pressure that could force him to push the world’s lowest central bank interest rate even lower
• President Recep Tayyip Erdogan may end up losing the long game of bringing Turkish interest rates lower after installing a new central bank governor
• Fed chief Jerome Powell and his colleagues look primed to cut interest rates by a quarter percentage point later this month. Boston Fed chief Eric Rosengren said he doesn’t believe the economy needs a rate cut, given the positive data that’s rolled in since mid-June
• India’s central bank Governor Shaktikanta Das tells Bloomberg News policy makers have effectively delivered more easing than the three rate cuts this year suggest
• Meantime former RBI Governor Raghuram Rajan has indicated the political challenges posed by Brexit were the reason he didn’t apply to head up the BOE
• On trade, face-to-face negotiations between the top Chinese and U.S. trade negotiators could happen soon, according to Chinese state media, after a number of goodwill gestures by Beijing over the weekend
• South Korea’s exports, a bellwether for global trade, appear set for an eighth straight monthly decline as trade disputes take a toll on global demand
• Meanwhile, Africa’s potential workforce will likely be larger than Asia’s by the end of the 21st century as both continents wrestle with different demographic and economic challenges

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