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Central Banks In The Fog: Searching For Direction

by Robert Timper, Chief Global Fixed Income Strategist   Artem Sakhbiev, FX Strategist   Mathieu Savary, Chief Strategist, Developed Markets ex US & Head of Research Innovation  

Markets are increasingly pricing an end to the global easing cycle, with many central banks expected to remain on hold. But uncertainty remains high, and policy surprises are likely going into 2026. This Strategy Report breaks down the current drivers behind G10 central bank policies, and how to position for the next moves across FX and fixed income.

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