Expectations for Central Bank Rate Cuts
May 5, 2009
Here is an update on central bank rate cut expectations:
Eurozone - 25bp rate cut expected on Thursday
U.K. - No rate cuts for the rest of the year, but watch out for comments on Quantitative Easing
Australia - Rates left unchanged last night. 2.50% expected to be the floor
New Zealand - One more rate cut in June or July
U.S., Japan and Canada - No rate cuts for the rest of the year
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Posted in Bank of Canada, Bank of England, ECB, Fed Rate Cut Expectations, forex blog
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