Central bank speakers remain in focus – Lloyds Bank

Central bank speakers remain in focus following comments yesterday from, among others, Fed Chair Yellen, ECB President Draghi and BoE Governor Carney, explains the analysis team at Lloyds Bank.

Key quotes

“Markets got particularly excited by Mr Draghi’s comments at the ECB forum in Sintra, Portugal on “reflationary forces”, with speculation that it could signal an earlier tapering of its policy stimulus measures. Nevertheless, he also said that any adjustments to policy have to be made “with prudence”.”

“The ECB forum continues today on the topic of business cycles, growth and macroeconomic policy. Speakers at a Policy Panel at 14:30BST include Draghi and Carney, together with Bank of Japan Governor Kuroda and Bank of Canada Governor Poloz. Separately in Australia, San Francisco Fed President Williams will speak at 08:30BST on the topic of the global growth slump.”