Simply Economics

The Bank of Japan, to the surprise of some, is keeping its easing efforts at full force while the Federal Reserve is expected to make no policy change in a Wednesday statement, however, that may have a hawkish edge. A move higher for core inflation is good news for the European Central Bank though slowing second-quarter growth isn't, while for the Bank of England a rate hike on Thursday would give it policy headroom to lower rates in the future.