Central Bank Rate Decisions Take Centre Stage This Week - ActionForex

Central Bank Rate Decisions Take Centre Stage This Week - ActionForex

This week, monetary policy decisions will be the primary market movers. The key rate announcements include the Fed's decision late Wednesday and the ECB's on Thursday, where we expect both central banks to hold rates steady. Additionally, rate decisions from the Bank of England and the Bank of Canada are scheduled, and we expect all to keep their policy rates unchanged. On the data front, we look out for euro area flash April inflation and Q1 GD…

Key week sees policymakers plot next moves

Sterling faces its most significant recent threat when the Bank of England meets on Thursday lunchtime. Andrew Bailey and co struck an unexpectedly hawkish tone at the March meeting, making this decision very much a choice between a hold or a hike. Adding to the uncertainty are decisions from both the European Central Bank (ECB) and the Federal Reserve within the same 24-hour window.