While investors expect them to all leave rates unchanged, markets will be alert to signs officials, including Fed Chair Jerome Powell and ECB President Christine Lagarde, are worried about the inflation threat posed by the biggest disruption to oil supply in history stemming from the US-Iran conflict.
(April 27) : The world’s most important central banks will potentially hand investors fresh reasons to sell government bonds this week as policymakers find themselves forced to confront the risk of a war-driven inflation shock.
The Federal Reserve, European Central Bank and peers in Japan, the UK and Canada are all scheduled to set interest rates. That makes for a rare week in which every Group of Seven central bank convenes, together deciding monetary policy for about half the world’s economy.
