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The Most Important Central Bank Releases This Week
After an uncharacteristically busy July, August starts with a relatively quiet week punctuated by two policy meetings. The Fed’s two scheduled speakers, Mester and Williams, are both likely to deliver neutral or slightly hawkish speeches. The more substantial policy action this week comes from the BOE and RBA policy meetings. The BOE is likely to hold rates and issue a neutral statement, in addition to having fewer dissenters in favor of a rate hike at this meeting than at the June meeting. The RBA is also likely to hold rates and issue a neutral statement that could be a bit hawkish as policymakers seek to keep inflation in the desired range while avoiding a spike in AUD that a genuinely hawkish statement could elicit.
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The Prattle Team