HEW: Data Keeps Doves Locked up

242 Views08 Apr 2024 12:08

SUMMARY

Data releases in the past two weeks have shown resilient trends, with output surveys and payrolls generally exceeding expectations, suggesting that rate cuts should remain on hold due to policy not being too tight.
The upcoming week is expected to be relatively quiet in terms of data releases, but several countries including the Euro area, Canada, New Zealand, Thailand, Philippines, South Korea and Peru will be making monetary policy decisions.
The European Central Bank (ECB) is expected to maintain its data dependence approach rather than committing to a rate cut in June.

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