|
The Waiting Game
- This week’s US Fed and Bank of England meetings concluded as expected with no change to rates.
- Those OECD forecasts saw a downward revision in global and US growth, particularly in 2026. Global growth is now expected at 3% in 2025 and 2026, down from c.3.3% forecast in December for both years.
- The March meeting of the Open Market Committee (FOMC) saw the Fed leave policy on hold.
- For the Bank of England, it left Bank rate unchanged at 4.50%.
|
|
