Major central banks are back on the calendar this week ...Middle East

The BOC and ECB are both expected to cut interest rates this week. The decision for the former is more finely balanced while the latter is a certainty at this stage. Let's take a look at the details ahead of the meetings later in the week.In the case of the BOC, traders are pricing in ~84% odds of a rate cut currently. That's a substantial amount, so the risk for any outsized reaction is more if the central bank does not cut rates on Wednesday. You can check out Adam's previous post here.As for the ECB, it'll end up being a non-event within a spectacle so to speak. Their decision is already set in stone, that they will be cutting interest rates on Thursday. And traders have more or less full

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