At this week’s US Fed and Bank of England meetings, both held rates steady, in stark contrast to the hike delivered by the ECB last week.
For the Fed, it held rates at 3.5–3.75%.
Overall, nine members of the FOMC are pencilling in rate hikes this year, eight think policy will be left unchanged this year, while just one expects a cut.
For the Bank of England, the June policy meeting of the Monetary Policy Committee saw the central bank leave Bank Rate unchanged at 3.75%.
