RANsquawk

Blog

  • Unanimous expectations look for the ECB to leave its three key rates unchanged
  • Not much in the way of fireworks expected given last month’s policy adjustments
  • Draghi likely to be mindful of trade tensions and grilled on timing of rate lift-off  

BACKGROUND

PREVIOUS MEETING: Last time around, the ECB announced a reduction in monthly sovereign bond purchases to EUR 15bln/month, through the end of 2018 when it will end (current EUR 30bln/month...

Key Events

Sunday: Turkish General Election

Monday: German IFO

Tuesday: N/A

Wednesday: BoE Governor Carney speaks, US Durable Goods, Trade Balance

Thursday: RBNZ Rate Decision, German CPI (Prelim), US GDP (Final), EU Summit

Friday: Japan Labour Market, German Labour Market, UK GDP (Final), EZ CPI, US PCE, Canadian GDP (monthly)  

We're closing the desk early today. Stay safe, don't drink and drive (better to smoke weed and fly), play nicely, a… https://t.co/cs1W8uq2sY