FOMC in focus this week – Danske Bank

Sandeep Kanihama FXStreet Contributor

According to analysts at Danske Bank, it’s the beginning of a big central bank week as on Wednesday, we have the FOMC, where they expect Powell to open the door wide open for a July rate cut.

Key Quotes

“We also look for September and December cuts.”

“On Thursday, the Bank of Japan (BoJ) wraps up a two-day policy meeting. It is one of the small meetings, with no new forecasts on GDP and inflation. We expect the BoJ to keep its ‘QQE with yield curve control’ policy unchanged.”

“In Norway, we expect Norges Bank to raise its policy rate by 25bp to 1.25% at Thursday’s rate-setting meeting, as indicated clearly both in its March monetary policy report and even more so at its May meeting.”

“On Thursday, the Bank of England meeting is probably not important. In our view, the bank is firmly on hold.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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