The main event is the release of the FOMC minutes from the 17-18 Junemeeting, when policy makers trimmed the bond purchase programme by USD10bnfor the fifth consecutive gathering. The statement from the meeting was judged asrelatively dovish, albeit the projection for the leading Fed funds rate was revisedslightly higher. In particular, Janet Yellen downplayed the recent increase in inflationat the press briefing and it will be interesting to see whether this view is broadlyshared by other FOMC members.
A couple of speeches from ECB members today: Peter Praet speaks in Paris thismorning and ECB President Mario Draghi speaks in London tonight.
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