Sean Callow, analyst at Westpac noted the key events apart from the
Aussie jobs data coming up, released at 11:30am Syd/8:30am Sing/HK.
Westpac’s forecast of -20k change in total employment is at the bottom
of the range (-20k to +15k, median -10k).
Key Quotes:
"There is also little tension over the Bank of England rate decision. The MPC in Nov voted 8-1 to keep Bank Rate at 0.5% and all forecasters are expecting no change as external headwinds persist and inflation remains low. We have the SNB’s quarterly monetary policy assessment and also a news conference. Most economists see policy unchanged though a few are expecting the benchmark interest rates to be cut further into the negative. We should also see a reiteration that the Swiss franc is overvalued.
For the past three years RBA governor Stevens has given an interview to the AFR in mid-December, with the 2013 and 2014 interviews released on the second Thursday of the month in the London/NY session. These usually include a reference to specific AUD levels. Markets expect another interview this year though it has not been confirmed."
Key Quotes:
"There is also little tension over the Bank of England rate decision. The MPC in Nov voted 8-1 to keep Bank Rate at 0.5% and all forecasters are expecting no change as external headwinds persist and inflation remains low. We have the SNB’s quarterly monetary policy assessment and also a news conference. Most economists see policy unchanged though a few are expecting the benchmark interest rates to be cut further into the negative. We should also see a reiteration that the Swiss franc is overvalued.
For the past three years RBA governor Stevens has given an interview to the AFR in mid-December, with the 2013 and 2014 interviews released on the second Thursday of the month in the London/NY session. These usually include a reference to specific AUD levels. Markets expect another interview this year though it has not been confirmed."
