From Investing.com: 2024-05-03 06:00:00

Bank of England is not likely to signal rate cuts at Thursday’s meeting as the UK’s economy shows signs of recovery, despite persistently high inflation. The pound may benefit from the message that rate cuts are still far off, supported by expectations of higher rates. Reserve Bank of Australia is expected to maintain a neutral stance at its meeting on Tuesday, considering strong economic data and signs of recovery in China. Bank of Japan intervened in the FX market to support the yen, and will release the summary of opinions from its April meeting on Thursday. Employment stats for Canada in April will be released on Friday.



Read more at Investing.com: Week Ahead – BoE and RBA decisions headline a calm week