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Busy week ahead: What are markets watching this week?

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Centralbanks News

Macroeconomics,Currencies,Inflation

It has been quite the month so far, with rate cuts seen for the European Central Bank (ECB) and the Bank of Canada (BoC).

It has been quite the month so far, with rate cuts seen for the European Central Bank and the Bank of Canada . This week is gearing up to be another eventful calendar for policy watchers, welcoming three updates from the Reserve Bank of Australia , the Swiss National Bank and the Bank of England . In addition, we have a generous gathering of macroeconomic indicators to monitor. The RBA: Likely to remain on hold based on data The RBA’s policy meeting is scheduled to air on Tuesday at 4:30 am GMT.

The country is now in the middle of a General Election, which has made trading this event a little more challenging as the central bank is unlikely to make much of a move ahead of the General Election to avoid confusion. OIS traders are pricing less than a 5.0% chance of a rate cut at this week’s meeting, leaving the Bank Rate unchanged at 5.25% for a seventh consecutive meeting .

 

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