Next week starts the latest wave of central bank meeting - ING

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Research Team at ING, suggests that the next week marks the start of the latest wave of central bank meetings.

    Key Quotes

    “The Bank of Canada is expected to remain on hold, despite some concerns about the effect of persistently low oil prices on the non-energy sectors of the economy. Meanwhile, we expect the Bank of England to remain on hold and is unlikely to deviate from current rhetoric until the forthcoming EU referendum passes.

    China will be in focus for the 1Q16 GDP release and other activity data releases for March. We forecast 6.7% GDP growth in 1Q, down from the previous quarter, due to persistent weak exports and manufacturing.

    Furthermore, we believe that the current policy stimulus will support domestic spending and keep hard-landing fears at bay, as long as the PBOC does not surprise with policy. In Singapore, we are in-line with the consensus forecast that the MAS will leave the policy unchanged in the semi-annual statement due to be released this coming week.”
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