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MNI Global Week Ahead April 19-23: ECB, BOC​ Meets In Focus

Key things to Watch

  • Wednesday April 21, UK inflation data
    • UK consumer prices are expected to edge higher in March, with the headline y/y number hitting 0.8% after a surprise dip to 0.4% in February.
    • That will leave the headline number below the Bank of England's 2% target for a 20th consecutive month.
    • Core inflation will likely rise to 1.1% after February's 0.9%.
  • Wednesday April 22, Bank of Canada policy meeting
    • Bank of Canada sees as odds on to maintain benhmark rates at 0.25% and keep the level of asset purchases unchanged at CAD4 billion a week.
    • Although there are some expectations the BOC could start to taper from the middle of 2021, there are no expectations of a rate cut this year.
    • BOC Governor Tiff Macklem to discuss released Monetary policy Report at 1500GMT, will latest outlook for the economy, policy laid out.
  • Thursday April 22, ECB Policy meeting
    • The European Central Bank's Gverning Council meets Thursday and although no changed are expected in the key policy setting, the commentary from the post-meet press conference will be closely watched.
    • Much attention will be on how President Christine Lagarde deals with questions on how the ECB judges current 'financing conditions' and whether they further expand on how they judge conditions.
    • Attention will also focus on how Lagarde deals with the questions regarding the 'significant' increase in bond buys since the last meeting. which many have judged as anything but.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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