MORNING BID EUROPE-Nvidia vigil almost over
A look at the day ahead in European and global markets from Kevin Buckland Two of the biggest events of this week are almost upon us, as Wednesday brings an...
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A look at the day ahead in European and global markets from Kevin Buckland Two of the biggest events of this week are almost upon us, as Wednesday brings an...
By Ed Frankl The U.K.'s inflation rate neared the Bank of England's 2% target in April, opening the way for a rate cut in the coming months, although prices of services continued to rise at a... -May 22, 2024 at 03:45 am EDT - MarketScreener
Next week highlights include rate decisions from the RBA, BoE, Banxico, BCB, and Riksbank. We also see the release of the ECB Minutes and BoJ Summary of Opinions. Data wise, the Canada jobs report, China Trade, UK GDP and Norwegian CPI take the limelight.
The Bank of England will hold its third gathering for 2024 on Thursday. The press statement, the meeting’s minutes and the Monetary Policy Report will be published at 11:00 GMT, with the important press conference following 30 minutes later.
We expect the Bank of England (BoE) to keep the Bank Rate unchanged at 5.25% on 9 May, which is in line with consensus and current market pricing. We expect the vote split to be 7-2, with the majority voting for an unchanged decision and Ramsden joining Dhingra in voting for a cut. Note, this meeting will include both updated projections and a press conference following the release of the statement.