The Bank of England announces its latest interest rate decision on May 9th. While the central bank is not expected to alter interest rates, investors will be focusing on two key questions that they hope the accompanying report and press conference will answer:
• When will interest rates start to fall in 2024?
• Where does the Bank see inflation going this...
- The U.S. Dollar Index witnesses 1% decline
- RBA expected to maintain rates for longer
- BOE likelihood of rate cuts rises
- Release of key inflation indicators in China: CPI and PPI
Last Week's Major Events
Last week, the U.S. Dollar witnessed a decline of approximately 1%. The move came as a result of multiple factors explained below.
On Wednesday, May...
