Fed, BOE to Hold Rates Amid Political Pressure, Brexit Tension

  • Tuesday, April 30, 2019

Welcome to “The Cyborg Analyst” by Prattle. This report provides weekly, quantitative insights on G-10 currency central banks.

The Most Important Central Bank Releases This Week
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Policymakers from the G10 currency central banks are fairly quiet this week, but two policy meetings and a pair of testimonies could move markets nonetheless. Both the Fed and the BOE are likely to hold rates at their respective policy meetings, but the Fed could surprise markets by sounding slightly more hawkish than futures pricing would indicate. The BOE is more likely to strike a neutral chord as they continue to navigate Brexit risk amid slowing global growth. Both the Governor and Deputy Governor of the BOC are testifying before parliament this week, and their remarks are likely to reinforce the neutral or slightly dovish tone of recent BOC communications. In sum, expressing neutrality and remaining in a monetary policy holding pattern seems to be the overarching goal of most developed market central banks, at least for the time being.

This is an abbreviated version of the Cyborg Analyst. The full weekly report contains detailed analysis based on Prattle’s Central Bank Analytics. 

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