The UK and the EU have entered into complex and multi-faceted negotiations on Brexit shogi
The British official in charge of the Brexit negotiations said that according to the agenda, officials from both the UK and the EU will hold multiple rounds of negotiations from now to October 2. It is necessary to pass the Brexit agreement at the EU-27 Congress on October 15th and 16th, but if an agreement cannot be reached by that day, the two sides will start higher-level negotiations to reach a plan as soon as possible before the end of the year. Of course, this is the ideal situation. However, when it is understood that the negotiations between the two sides not only involve trade, but also include national defence, fish industry and transportation, it is really questionable how the two sides reached an agreement on such a complicated issue in such a short time.
The Bank of Australia and the Bank of England are expected to maintain policy unchanged
Two central banks will discuss interest rates this week, namely the Bank of Australia on Tuesday and the Bank of England on Thursday. The RBA is expected to maintain all monetary policies unchanged, focusing on whether the RBA will raise objections to the relatively high Australian dollar exchange rate recently. As for the Bank of England meeting this Thursday, maintaining all monetary policies unchanged is also expected. The key observation is whether the Bank of England has any new views on the prospects of the British economy.
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