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5 Oct 2015
Central Bank week; RBA to surprise? - BBH
FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained that there are three major central banks that meet in the week ahead: the Reserve Bank of Australia, the Bank of Japan, and the Bank of England.
Key Quotes:
"None is expected to change policy.
If there is a surprise, the Reserve Bank of Australia is the most likely candidate, where policy has been on hold since May. The headwinds emanating from China and through a negative terms of trade shock are still feeding through the economy.
However, with recent economic data firm, and the Australian dollar chopping around its recent trough, the RBA need not be in a hurry to cut rates now."
Key Quotes:
"None is expected to change policy.
If there is a surprise, the Reserve Bank of Australia is the most likely candidate, where policy has been on hold since May. The headwinds emanating from China and through a negative terms of trade shock are still feeding through the economy.
However, with recent economic data firm, and the Australian dollar chopping around its recent trough, the RBA need not be in a hurry to cut rates now."