China's reduction in oil imports and its substantial reserves are having a noticeable impact on the global oil market, helping to stabilize prices amid geopolitical conflicts. The country's changing demand structure is strengthening China's role in managing the global balance.
Bank of America expects that the Central Bank of Turkey will keep the effective funding rate at 40% during the meeting on April 22. Economists do not anticipate any changes, but the possibility of a rate hike remains relevant amid ongoing inflation risks.
Brazil's monetary reserves have declined due to active market interventions aimed at stabilizing the economy amid global sell-offs. Despite this reduction, liquidity levels remain above the minimum comfort threshold, which is especially important ahead of elections and significant government debt payments.
The Federal Reserve Bank of New York plans to purchase approximately $54.4 billion in bonds over the next month, including reinvestments and additional acquisitions to manage reserves. The operation schedule has been published as part of the Fed's regular reporting.