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

To contact the reporter on this story: Enda Curran in Hong Kong at ecurran8@bloomberg.net

To contact the editors responsible for this story: Malcolm Scott at mscott23@bloomberg.net, Henry Hoenig

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