FOMC, Greek polls take over from ECB meeting

THE attention this week shifts from one central bank to another, with the added twist of Greek elections to throw a spanner in the works.

The US Federal Reserve meeting on Tuesday is likely to keep rates depressed, which should please markets. But their joy may be short-lived if the Syriza party wins the election in Greece. The party wants Greeks to end their miseries by exiting the eurozone - and many voters agree with it.

Meanwhile, last week markets demanded a large-scale money printing programme from the European Central Bank (ECB) and got what they wanted when a quantitative easing (QE) package worth one trillion euros (S$1.5 trillion) was announced.