Author: Eamonn Sheridan

The European Central Bank, Bank of England, and Reserve Bank of Australia all meet next week.

  • The RBA is on Tuesday, Sydney time, with the announcement due at 0430GMT (June 2)
  • The ECB is on Wednesday, Brussels time, with the announcement due at 1145GMT (June 3)
  • The Bank of England is on Thursday, UK time, announcement due at 1100GMT (June 4)

There is no change in monetary policy expected from any of the three.

We'll have more previews coming up as we approach each meeting, but in brief:

RBA on Tuesday:

  • After cuts in February and May there will be no change at this meeting
  • The bank does have an easing bias, variously described as 'conditional', 'mild', 'soft', 'implicit' ... but its an easing bias nonetheless and it may be beefed up in the accompanying statement

ECB on Wednesday:

  • No change in policy expected
  • New economic forecasts will be published (with the move up in oil and somewhat firmer (a little) HICP inflation data its expected we'll see some shading higher for inflation forecasts)
  • Draghi will conduct a press conference, with somewhat tighter security than last time, I imagine. But, tighten security as much as you like chaps .... Greece ain't going away.


BoE on Thursday:

  • No change in rates expected
  • Only in May we got the Bank's latest Inflation Report, which showed benign levels now and during the projection period ... enough to keep rates on hold for a while yet

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