Central banks will be in focus this week, with monetary policy decisions due from the Bank of Japan (BOJ) and the U.S. Federal Reserve.
Since raising interest rates in December 2015, sending stock markets into a frenetic sell-off in January, the Fed has maintained its narrative that any forthcoming rate hikes will be data-dependent.
Many market watchers do not think a hike is on the cards when the Federal Open Market Committee meets on March 15-16, but they will be looking for clues on the Fed’s future policy outlook.
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