The following week will see 3 key central bank announcements from across the globe. Even though none of the events should see policy amended in a material way, the accompanying statements and information should help participants define the path forward for the respective currencies and economies in question.
First up, the Federal Open Market Committee will provide their announcement on Wednesday evening. This comes following last week’s completion of the $1.9 trillion US stimulus package. Jay Powell will likely steer the ship steady and, as usual, reconfirm the Fed’s desire to provide accommodation to markets.
On Thursday both the Bank of England and Japan will provide policy updates. Neither will amend policy with interest rates likely remaining at 0.10% and -0.10%, respectively. Also on the economic calendar this week will be US retail sales which will be released on Tuesday lunchtime. This will also provide markets with a sense of direction given its indication of how well the US economic recovery is faring.
8:24am, March 15th 2021
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