OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic events that focus on the monetary policy decisions by the Bank of Japan which is only the sole central bank with a negative interest rate policy. Consensus is expecting no change on BoJ’s monetary policy setting on Tuesday, 18 December but forward guidance via its monetary policy statement and Governor Ueda’s press conference may indicate an imminent shift away from short-term negative interest rates in the first half of 2024. Another key economic data to watch for this week will be the UK’s CPI (Nov) and US PCE (Nov) out on Wednesday, and Friday where the consensus is expecting a continuation of a slowdown in core inflation trends in the UK and US.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Kelvin Wong