Last week we had the FOMC, this week we get a lot more. A really quick look at whats coming up this week:
European Central Bank
- On Thursday we get the latest from Draghi and the ECB. Will low inflation be enough to prompt more action from them? I don’t think so, not yet.
Bank of England
- Also most likely to see no change, expect rates on hold while the bank watches the data … its been a little softer lately which may temper rate hike talk. The inflation report comes out on August 13, this will be a very watched report.
Bank of Japan
- No change expected in the August 8 statement. Signs from the data of some economic weakness will propmpt debate on whether more easing is to come sooner.
Australia -RBA
- RBA meeting and August monetary policy decision due on Tuesday & RBA Statement on Monetary Policy is due on Friday. I posted this earlier on the RBA: Australia – which investment bank sees “upside risk” this week?