Analysts at Nomura noted that central bank meetings continue next week with the BoE, Norges Bank and SNB meetings.
Key Quotes:
“We expect the BoE to provide limited changes to its communications. We think that it is unlikely to guide the market to an August hike as strongly as it has done before, but will still signal that the meeting is “live”.”
“We expect Norges Bank to maintain its hawkish stance next week, with near-term inflation forecast downgrades, but an unchanged deposit rate path. We expect the first hike in September and look for further NOK appreciation pressures.”
“On the SNB, we expect an unchanged dovish communication, particularly in the light of recent ECB forward guidance.”
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