Eurozone: Investors eye on ECB and BoE – TDS

By FXStreet FXStreet (Delhi) – Paul Fage, Senior Emerging Markets Strategist at TD Securities, suggests that investors will shift their focus on Central Banks as we have impending ECB followed by BoE’s interest rate decision and MPC’s minutes.

Key Quotes

“ECB: The account of the ECB’s September monetary policy meeting will be stale compared with the fresh BoE minutes, but it should nevertheless offer additional insights into the ECB’s interpretation of EM and financial market uncertainty at the time of their last meeting. In particular, any views by the Governing Council on the persistence of these effects on euro area inflation will be key to any further policy easing in 2015.”

“BoE: The Bank of England will publish their October interest rate decision. We don’t expect any change in policy, with a repeat of last month’s 8-1 vote in favour of keeping interest rates on hold. We’ll be looking to the MPC’s minutes to see how their views on EM growth prospects have changed in light of the past month’s macro data.”
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Source:: FX Street