Monetary Policy Wednesday [Video]
|We start in the UK at 10AM GMT with the UK CBI Realized sales for September.
Then we jump over the Atlantic at 2PM GMT for the US New residential sales for August. The Previous report showed 627 thousand as the US housing market continues a slight slow down. The penultimate news Item on this report is a high importance one from the US. As the FOMC monetary policy announcement is due at 6PM GMT. A rate hike is expected, but anything else could shake the markets.
Finally it’s over to New Zealand for their Monetary policy statement at 9pm. After a strong week of GDP figures for The RBNZ, the general consensus seems to indicate that the interest rate will stay unchanged.
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