This was a big week for central banks with the Fed, ECB, and BoJ all meeting. The Fed hiked by 25bps point as markets were expecting, but Powell kept the possibility of a September rate hike an open question that can only be answered by incoming data. The ECB had to deal with a slew of weak PMIs to start the week, but it too hiked interest rates by 25 bps but recognised the economic outlook was deteriorating. At the time of writing, the BoJ has not met, but markets are speculating whether or not it will signal the end of its Yield Curve Control policy.

Other key events from the past week

Key events for the coming week