World’s Rate Laggards at ECB and BOJ Take Center Stage: Eco Week
Central banks from the euro zone to Japan are about to reveal if they can resist the global urge for aggressive monetary tightening led by the US Federal Reserve.Almost all economists reckon the European Central Bank on Thursday will limit its first interest-rate hike in more than a decade to a mere quarter point, hours after the Bank of Japan keeps its own stimulative stance unchanged. Such outcomes would showcase some of the world’s last bastions of hesitancy in the face of surging inflation. Monetary officials from South Korea to Canada ratcheted up tightening in the past week, while investors began betting on
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