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2 Mar 2015
Key events ahead – BAML
FXStreet (Barcelona) - The BofA-Merrill Lynch Team previews the GDP release in Europe, Canada and Switzerland, and the rate decisions in Australia and UK.
Key Quotes
“In Europe, we expect the final GDP estimate for 4Q to remain at 0.3% qoq and 0.9% yoy.”
“In the UK, at the BoE meeting we expect no change from the current Bank Rate of 50bp and no change in QE portfolio.”
“In Australia, we expect the RBA to cut rates to 2% although risks to the forecast remain high. For Australian GDP we expect a reading of 2.6% yoy on Wednesday.”
“In Canada, focus on BoC meeting and GDP which consensus expects at 2.5% yoy.”
“In Switzerland, focus is on GDP (1.7% yoy exp.) and CPI (-0.6% yoy exp.)”
Key Quotes
“In Europe, we expect the final GDP estimate for 4Q to remain at 0.3% qoq and 0.9% yoy.”
“In the UK, at the BoE meeting we expect no change from the current Bank Rate of 50bp and no change in QE portfolio.”
“In Australia, we expect the RBA to cut rates to 2% although risks to the forecast remain high. For Australian GDP we expect a reading of 2.6% yoy on Wednesday.”
“In Canada, focus on BoC meeting and GDP which consensus expects at 2.5% yoy.”
“In Switzerland, focus is on GDP (1.7% yoy exp.) and CPI (-0.6% yoy exp.)”