Rate decisions to drive markets this week

Key central bank rate decisions will be the focus of the markets this week. Monetary policy meetings will be held by the Federal Reserve, the Bank of England, the Bank of Japan. All eyes will be on their latest interest rate decisions.

The Fed on Wednesday is not expected to raise rates at this meeting. But a more hawkish tone is expected from the US central bank after a better-than-expected February jobs report, which showed the US economy adding 242,000 jobs. Other upbeat data showed fourth quarter US GDP was revised higher.

Meanwhile, the Bank of England on Thursday is also expected to hold off from raising rates. The economic picture though is not as good in the UK as it is in the US. February’s business surveys signal a substantial slowing in economic growth. Moderate wage growth, low inflation and a potential “Brexit are all areas of concern for the BoE.

The Bank of Japan holds it meeting on Tuesday. In January the BoJ surprised the markets with the announcement of negative interest rates. The aim was to fight back against deflationary pressures. The Bank may hold fire at this meeting.

Aside from central bank meetings, the UK Budget and employment report on Wednesday will attract attention. The unemployment rate is expected to remain at 5.1%. Wage data will be closely watched.

Other important data to watch will be Eurozone industrial production data on Monday.

The post Rate decisions to drive markets this week appeared first on FXTM Blog.

Source:: Rate decisions to drive markets this week

About the Author
ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC. Our mission is to maximize the value our clients derive from their most precious commodity, "Time"! By offering advanced and innovative services, optimal customer care and perpetual devotion to our clients, we will ensure that their individual needs are always met as markets continue to evolve over time. Visit ForexTime to learn more www.forextime.com [space height="20"] [social type="facebook"]https://www.facebook.com/ForexTime[/social] [social type="twitter"]https://twitter.com/ItsForexTime[/social] [social type="google-plus"]https://plus.google.com/u/0/+ForextimeFXTM/posts[/social] [social type="youtube"]https://www.youtube.com/user/ItsForexTime[/social]

Related Posts

Leave a Reply

*