The BOE and CBRT will kick things off, before the ECB and Draghi takes over
The BOE and CBRT decisions will be due at the top of the hour at 1100 GMT while the ECB's rate decision and statement will be released at 1145 GMT and Draghi's press conference will follow at 1230 GMT.
The BOE is expected to stand pat when it comes to the bank rate but their views on Brexit will be the key item here. Also, look out for any possible divergence in the voting pattern. Expectations is for 9-0 vote in favour of holding the bank rate steady.
The CBRT is expected to hike rates in order to prevent the lira from falling further and also to follow through on independence talks from a couple of weeks earlier. The bigger issue will be how much will they raise rates and whether or not that would be enough, especially now with Erdogan commenting that rates should be cut instead.
Lastly, the ECB is expected to keep rates and rates guidance similar to what we've seen in July. The central bank is expected to lower growth forecasts though while at the same time maintain its outlook on inflation. The key here will be which side Draghi chooses to go with in terms of skewing risks faced by the central bank. Will he opt to highlight further downside risks on growth from trade tensions and emerging market risks? Or will he opt to brush them aside and maintain that the ECB is on the right path as inflation outlook holds steady?
In case you need some last minute catch up, we've got you covered. Here's a list of previews and articles on what to expect ahead of the central bank decisions later:
- ECB meeting coming up Europe time on Thursday - previews in one place
- ECB is said to slightly lower economic growth projections in tomorrow's meeting
- Draghi has a knack for knocking down the euro in 2018