1 Jul 2013
Flash: Central Banks - TD Securities
FXstreet.com (London) - Research teams at TD Securities have noted Central Banks meeting this week.
In Europe this week, Carney’s first MPC decision (Thurs) should pass as a non-event with no changes expected to the Bank’s policy stance. They mentioned the ECB (Thurs) is also expected to stand pat though we see plenty of scope for Draghi to massage rates lower even as data over the last month has continued to improve. Finally, they suggest the RBA should hold rates tonight at 2.75% and comments on the AUD will be closely watched.
In Europe this week, Carney’s first MPC decision (Thurs) should pass as a non-event with no changes expected to the Bank’s policy stance. They mentioned the ECB (Thurs) is also expected to stand pat though we see plenty of scope for Draghi to massage rates lower even as data over the last month has continued to improve. Finally, they suggest the RBA should hold rates tonight at 2.75% and comments on the AUD will be closely watched.