We also have some central bank activity to keep an eye on this week. The RBA, as expected, left rates unchanged but has moved ahead with a gradual taper of asset purchases: $4B through February. Tomorrow the Bank of Canada meets, and Thursday we’ll hear from the ECB. Comments and actions from central bankers abroad will be seen as a possible precursor as to what we can expect from the FOMC later this month.
We also have some central bank activity to keep an eye on this week. The RBA, as expected, left rates unchanged but has moved ahead with a gradual taper of asset purchases: $4B through February. Tomorrow the Bank of Canada meets, and Thursday we’ll hear from the ECB. Comments and actions from central bankers abroad will be seen as a possible precursor as to what we can expect from the FOMC later this month.
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