The Federal Reserve, the Bank of Japan, and the Bank of England will all announce their key interest rate decisions this week.
On July 30th, the three major central banks, including the Federal Reserve, the Bank of Japan, and the Bank of England, will hold policy meetings this week, and the results of each central bank are expected to be at least different.
The Bank of Japan will be the first to announce its decision on Wednesday. Analysts currently have different opinions on whether the Bank of Japan will raise the policy interest rate from the current 0%-0.1% or signal an impending rate hike.
The Federal Reserve will announce its interest rate decision in the early hours of Thursday morning Beijing time. Although almost no one believes the Federal Reserve will immediately begin cutting rates, almost everyone expects the Federal Reserve to indicate that it will cut rates at its next meeting in mid-September.
The Bank of England will announce its policy decision in the early afternoon on Thursday. Economists and the interest rate market are roughly evenly divided on whether the central bank will ease policy for the first time in years. What is more certain is that even if the Bank of England does cut rates, it may indicate that it is taking a very cautious approach, hinting to the market that it should not expect a series of easing policies.
