Inflation in the US likely continued to soften in June, but a key measure of underlying price pressures is still running at an uncomfortable pace that keeps the Federal Reserve tilted toward resuming interest-rate hikes this month.
The Bank of Canada sets rates and unveils new economic forecasts on Wednesday this week. Governor Macklem has got plenty of reason to hike again, after upending markets with a 25 basis-point increase last month. Growth is coming in stronger than forecast, inflation is proving stubborn, and the housing market is rebounding — in part because of Macklem’s rate pause.
The Reserve Bank of New Zealand is set to hold policy on Wednesday, having called time on its hiking cycle, while Reserve Bank of Australia Governor Philip Lowe will speak after the recent decision to keep policy unchanged there.
The UK will take centre stage at a time when bets on Bank of England interest rates have surged to the highest level in a quarter century.
Any financial stability implications of such speculation may feature in the latest assessment of system risks and stress tests by the central bank, to be released on Wednesday, along with a press conference by Governor Andrew Bailey.
Have your trading charts ready for a very busy week!
This Week’s High Impact Events
The times below are GMT +3.
Monday 10th July
18.00 – UK – BoE Gov Bailey Speaks
Potential instruments to Trade: GBP Crosses.
Tuesday 11th July
09.00 – UK – Claimant Count Change
Potential instruments to Trade: GBP Crosses.
Wednesday 12th July
05.00 – New Zealand – Official Cash Rate, RBNZ Rate Statement
If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email [email protected].
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Aviso de risco: os nossos produtos são negociados com alavancagem e apresentam um alto nivel de risco, podendo perder todo o seu capital. Estes produtos podem não ser adequados a todos pelo que deve garantir que entende todos os riscos envolvidos. Transparência completa.
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