The economic calendar for the currency markets looks a bit quiet for the week ahead compared to the previous week.

Still, the headlines will be dominated by the central bank meetings from the Swiss National Bank and the Norges Bank.

Both the central banks are expected to keep interest rates steady but the Norges Bank is tipped to potentially signal a rate hike by the latter part of this year.

On the economic front, data from the U.S. will see the release of the inflation data alongside retail sales. The data comes out ahead of the FOMC meeting that is due in a week’s time.

Swiss national bank expected to keep policy steady

The Swiss National Bank will be holding its quarterly monetary policy meeting this week.

The central bank is forecast to keep the three month LIBOR rate unchanged at -0.75%.

Overall, the expectations heading into the SNB’s meeting is that the central bank will maintain the status quo.

There is also scope for the SNB to possibly reflect on the Swiss franc’s exchange rate as well.

Although with the Swiss franc being largely stable, the central bank is likely to not jawbone the currency down even further.

With most of the central bank across the world looking towards a path of monetary policy tightening, this week’s SNB meeting could be interesting to see if central bank officials will also follow suit and prepare the markets for a possible change to a hawkish bias.