A Tale of Three Central Banks
- THE GCIO EDITING TEAM
- Aug 29, 2024
- 1 min read
July 29th, 2024
Fed, BoJ and the UK MPC meet this week with all meetings having scope surprise
The Fed seems likely to leave rates unchanged but to give a clearer direction that the scope for rate cuts is opening up
The BoJ and UK MPC have an opportunity to change rates in keeping with market hopes - the BoJ to increase rates and the UK to cut rates.
A rate hike is needed in Japan to calm the currency market.
A UK rate cut would reinforce the recent equity market rally
