GLOBAL ECONOMICSTHE GLOBAL WEEK AHEAD
中文标题
全球经济学 · 全球一周展望
Core conclusion · Tlines extraction
The Bank of Canada is expected to remain hawkish, while Norges Bank may hike rates again. Banxico and Bank Indonesia are seen on hold, and the SNB is likely to keep rates steady. Global PMIs and central bank communications dominate the week's agenda.
- Institution
- Scotiabank Economics
- Published
- 09/18/2026
- Research topic
- Inflation · Crude Oil (WTI)
- Time horizon
- 2026 · 2027
Key arguments
- Bank of Canada's Macklem has reason to double down on hawkishness.
- Banxico expected to be more cautious, likely holding rates at 6.50%.
- Norges Bank expected to hike deposit rate to 4.50% from 4.25%.
- SNB expected to keep policy rate at 0% and monitor the franc.
Key numbers
- Norges Bank Deposit Rate (current)
- 4.25%
- Norges Bank Deposit Rate (forecast)
- 4.50%
- Banxico Overnight Rate (current & forecast)
- 6.50%
- BI 7-Day Reverse Repo Rate (current & forecast)
- 5.75%
- SNB Policy Rate
- 0.00%
Main risks
- Global PMIs may front-load, adding uncertainty to the economic outlook.
- Central bank decisions could surprise markets, especially if guidance shifts.
- Persistent inflation may force more aggressive tightening than expected.
Corresponding source evidence
• Riksbank — Illusory disinflation • SNB — Let ’s be franc • BI — Prone to surprising • SARB expected to hike • Global PMIs — front -loaded?
6 • SNB—Steady for Now, Watching the Franc 7 • Global Macro Round -Up 7 • Global PMIs—Front Loaded?
7 • Will Canadian Consumers Maintain Their Running Headstart into Q3?
Context: the conclusion is Tlines' automated extraction, not the institution's wording. Quoted evidence is publisher wording. Scope and date must travel with the conclusion.
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AI analysis
Cross-institution comparison · CPI
How this page was produced
Tlines extracted the conclusion, arguments, numbers and risks above from the report published by Scotiabank Economics on 09/18/2026, then structured them for comparison. The publisher's own wording is reachable through the source link on this page and is displayed in full above. Last updated 10/17/2026. Methodology · Source policy · AI usage · Request a correction