After a strong July US nonfarm payrolls report and more hot inflation readings, Fed rate hike odds are creeping higher ahead of the August gathering in Jackson Hole.
Central Bank Watch: BOE & ECB Interest Rate Expectations Update dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.
Central Bank Watch: Fed Speeches, Interest Rate Expectations Update dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.
The June FOMC meeting is under two weeks away, and it’s becoming evident that policymakers are beginning to lay the foundation for initial QE tapering efforts.
Central Bank Watch: BOE & ECB Interest Rate Expectations Update
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Central Bank Watch Overview:
The BOE and the ECB are meeting later this month, but focus is on what they’ll do later this year and beyond.
The BOE is further along the path of normalization, while the ECB is still toying with ideas about how it may further enhance its stimulus measures in context of rising inflation pressures.
Inflation Making Central Bankers Uneasy
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. Neither of Europe’s most significant central banks won’t meet again until later this month, allowing for the EUR- and GBP-crosses to toy with speculation over forthcoming policy moves. And while one of the central banks has begun to throttle back its QE program, the other is grappling with its desire to provide additional stimulus against the backdrop of rising inflationary pressures.