Weekly Market Outlook: Dec 06 – Dec 10: RBA and BoC Meet, US CPIs Take Center Stage as Well
Channel: JFD Brokers
Date: 06/12/2021

Weekly Market Outlook by Charalambos Pissouros

We have two major central banks deciding on #monetarypolicy this week, and those are the RBA and the BoC. We expect the RBA to maintain its cautious stance and push back against interest rate hike expectations for next year. On the other hand, we believe that the BoC will maintain an upbeat view and perhaps allow bets over a rate hike in coming months, to stay elevated. In the US, we have the CPIs for November, where further acceleration could add credence to #Fed Chair #Powell ’s view that QE tapering should end sooner than previously estimated.

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