Central Banks: Fed for Dec - ANZ
|Analysts at ANZ noted that there were a number of central bank speakers with the highlights including ...
Key Quotes:
"1) Fed Williams stating the best time for a rate hike is December – there is now about a 73% chance of a hike priced into December; ...
2) the ECB’s Draghi stating that monetary policy has been working, but low interest rates are not costless – the reaction from the EUR was muted; and ...
3) the BoE’s Carney stating that GBP performance is due to market’s perception of the potential relationship with the EU and the UK and its impact on the UK's potential output in the future (May's talk of a hard Brexit). He added there were limits for MPC to look through CPI overshoot due to GBP weakness."
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