In addition to the Federal Reserve announcement on Wednesday, several other central banks across the world are making rate decisions this week as inflation returns to more normal levels.
The Bank of England is likely to hold rates steady Thursday after cutting borrowing costs for the first time since Covid last month.
The Bank of Japan is set to announce its decision Friday. Unlike policymakers in other global economies, it has raised rates in recent months as inflation has returned to Japan’s economy following three decades of falling consumer prices. BOJ Governor Kazuo Ueda is expected to keep rates at 0.25%.
Central bankers in Norway, Taiwan, Turkey, South Africa, and Ukraine are also set to announce their latest policy moves on Thursday.
