Central Bank Watch: BOE & ECB Interest Rate Expectations Update
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Central Bank Watch Overview:
The BOE and the ECB won’t meet again for six weeks. Nevertheless, speculation around what they may do next continues to drive markets.
Throttling back its QE program is just the beginning of the normalization process for the BOE, while rising inflation pressures may give pause to the ECB when thinking about another easing step.
Beginning to Throttle Back
In this edition of Central Bank Watch, we’ll cover the two major central banks in Europe: the Bank of England and the European Central Bank. Both central banks won’t meet again until late-June, giving ample space for speculation around their past, present, and future policy moves to dictate price action in EUR- and GBP-crosses. Throttling back its QE program is just the beginning of the normalization process for the BOE, while rising inflation pressures may give pause to the ECB when thinking about another easing ste
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