ANZ Research discusses its expectations for next week's RBA minutes and FOMC and BoJ September policy meetings.
"RBA minutes are likely show broadening considerations as it seeks an “accumulation of evidence” to warrant further easing," ANN notes.
"The FOMC is widely expected ease 25bps at its September meeting, while we expect that an additional cut will be required before year-end. We do not expect a major evolution of language, expecting Chair Powell to highlight risks to the industrial sector and external environment while recognising the firm footing of the US consumer and services sector," ANZ projects.
We expect no major change to the BoJ’s policy despite mounting easing pressures. JPY remains a key consideration with appreciation likely to force action," ANZ adds.