19 Nov 2014
Today it’s all about central banks - Rabobank
FXStreet (Barcelona) - The Rabobank Research Team comments on the upcoming policy meeting minutes.
Key Quotes
"The BOE release their last minutes, which are likely to underline that having been very dovish despite strong data; then hawkish despite weaker data; they are now likely to be dovish again - and this time the data is fortunately in agreement."
"The Fed also release their minutes – and they have the far trickier task. Again, they need to convey that all is well with the economy, and that rate normalization will take place at some point, while explaining why this is needed when inflation is so low and heading lower, and without spooking financial markets (as they did in May last year and January and October this year)."
Key Quotes
"The BOE release their last minutes, which are likely to underline that having been very dovish despite strong data; then hawkish despite weaker data; they are now likely to be dovish again - and this time the data is fortunately in agreement."
"The Fed also release their minutes – and they have the far trickier task. Again, they need to convey that all is well with the economy, and that rate normalization will take place at some point, while explaining why this is needed when inflation is so low and heading lower, and without spooking financial markets (as they did in May last year and January and October this year)."