The ECB's two-day conference on central bank communication kicks off today with a panel debate at 11:00 CET between the Fed's Janet Yellen, the ECB's Mario Draghi, the BoE's Mark Carney and the BoJ's Kuroda, points out the research team at Danske Bank.
“Judging from the line-up, this could make for a repeat of the Sintra conference in late June (where many a central banker turned hawkish). While it may not provide the same seemingly synchronised policy message it did back then, we do see a good chance that Draghi, in particular, could use this opportunity to underline the seriousness of the talk from recent ECB speakers that markets should not become too complacent as the ECB has entered 'normalisation' mode.”
“In the UK, CPI figures for October are expected to show a small uptick to 3.2%, driven mainly by lingering effects of the weak GBP.”
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