ECB and BoE talk policy

Today will see some insights from central bankers in Europe with the ECB having its interest rate decision and the Bank of England Carney speaking. With talks of the Brexit and slowing global growth it will be interesting to hear if this is brought up in either of the Governors speeches.  Many are not expecting to see any major moves from the ECB at this meeting, more of an assessment on the previous moves and their effectiveness. I some terms they are, lending has increased and the Euro has remained low despite a bit of a dollar selloff. Inflation could still use more attention and the bank will likely address the need to see more inflationary trends to feel comfortable with current policy being the end.

​The BOE governor Carney will most likely talk about the state of the UK economy and touch on the implications of the Brexit vote that is taking place in June.  The vote produces a lot of unknowns for the country and the Eurozone, the concern that the central bank expresses could add and increasing market focus on the vote and add volatility to the GBP as the deadline approaches. While it is hard to measure the actual moves from a policy event, knowing the amount of concern that it is producing in the markets can help in dealing with, or taking advantage of, volatility as different sides of the policy debate publish views and reports.