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6 Aug 2013
Flash: Central banks highlight weekly focus – Deutsche Bank
FXstreet.com (New York) - Data flow aside we also have a fairly eventful week of central bank activities, notes Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank.
Key quotes
In the US, nearly a handful of Fed officials were lined up to speak starting with Fed’s Fisher today. This is followed by both Plosser and Pianalto on Wednesday.
In the UK, the BoE inflation report is due on Wednesday and Governor Carney will attend his first press conference since taking office last month. In Asia, we have central bank meetings in Korea, Australia and Japan but the main focus will likely be on the latter.
The BoJ will start its two-day policy meeting on Wednesday and Kuroda’s comments on the economic outlook on Thursday will be closely followed. “For the record, the market is not expecting any rate changes in Korea but the RBA is widely expected to cut its benchmark rate by 25bps to 2.50% on Tuesday.”
Key quotes
In the US, nearly a handful of Fed officials were lined up to speak starting with Fed’s Fisher today. This is followed by both Plosser and Pianalto on Wednesday.
In the UK, the BoE inflation report is due on Wednesday and Governor Carney will attend his first press conference since taking office last month. In Asia, we have central bank meetings in Korea, Australia and Japan but the main focus will likely be on the latter.
The BoJ will start its two-day policy meeting on Wednesday and Kuroda’s comments on the economic outlook on Thursday will be closely followed. “For the record, the market is not expecting any rate changes in Korea but the RBA is widely expected to cut its benchmark rate by 25bps to 2.50% on Tuesday.”