Key Events In The Holiday-Shortened Wee

In this holiday-shortened week (markets closed for Good Friday), focus turns to several inflation prints in G10 in the week ahead, with US and UK inflation data likely to get the most attention. In addition, there are a few scheduled speaking engagements by Fed officials, including a speech by Fed Chair Yellen on Monday.
Away from the US, the street expects the Bank of Canada to remain on hold, keeping the overnight rate target at 0.5%. Despite recent improvement in some economic data, slack remains in the economy and there is no evidence of demand pressure on prices. More interesting for the markets will be the message that the BoC chooses to send through the combination of the interest rate announcement, the monetary policy report and the press conference.
In Emerging Markets there will be monetary policy meetings in Brazil, Chile, Korea, Kazakhstan and Ukraine. Brazils BCB is expected to cut the selic rate 100bp. Chiles BCCH will likely cut the monetary policy rate by 25bp.

This post was published at Zero Hedge on Apr 10, 2017.