RBA and Norges Bank not expected to change rates this week - BBH

The analysis team at BBH points out that the Federal Reserve is not the only game in town as the Reserve Bank of Australia and Norway's Norges Bank meet and neither is expected to change rates.  

Key Quotes

“Down under, the RBA should see no reason to change its neutral stance.  Since the RBA met last, the labor market improved, vehicle sales picked-up, and Q1 CPI accelerated over Q4 16.  Regulatory (macro-prudential) measures may already be having an impact in the housing market.  Many economists continue to look for the RBA to ease later this year, but something must change first.”

“There is less doubt the Norges Bank is on hold through this year, barring some significant shock.  After falling sharply, prices pressures may be stabilizing.  On a trade-weighted basis, the krone has depreciated about 2.75% year-to-date.”