No surprises. Again… The European central bank left all three rates unchanged this month, completely in line with analysts' expectations.
This week the RBA will have a great opportunity to clarify its view of the economy, as it differed during the last several statements.
There are growing tensions between Bank of Japan members and central bank's governor Haruhiko Kuroda. The latest minutes from the BoJ's meeting during April 7-8 showed that members agreed that consumer spending still remains buoyant following April 1 tax hike, as labour market, and, wages in particular, are improving.
The U.K. is now one of the fastest developed economies in the world. The growth is mostly backed by a booming housing market and a decline in savings rate.
This week's main highlight is the ECB meeting, while all hopes for traders, who are trading the Dollar lied on Janet testimony, an event which could be the main catalyst for the Dollar.
After Wednesday's set of data from Germany, Mario Draghi will be under bigger pressure, as even Europe's powerhouse starts sending worrying signs.
With no surprises to market the Reserve Bank of Australia left its benchmark interest rate unrevised, as decelerating inflation and upcoming cuts in the government spending provide room for the RBA to support economic growth further.
New Zealand labour market followed the general trend in the economy and provided an upbeat picture as well, adding further to the case for the central bank to make another adjustment to the official cash rate.
The U.K. economy accelerated in the second quarter. This is clear when being based on the latest data from all three major sectors. Manufacturing, construction and services sectors performed well in the last several months, giving domestic economy a healthy boost to rebalance its prosperity.
A report from the Bureau of Economic Analysis was not able to repeat the success of last week's data from their colleagues from the Labor bureau, even despite figures showed a significant improvement in trade conditions.
It seems that on Thursday Mario Draghi will try to talk down the Euro by any means necessary, as the most traded currency pair is climbing to 1.40-mark once again.
The Australian Dollar weakened versus its major counterparts and remained steady thereafter on Monday as weak China's, Australia's biggest export partner, manufacturing and local economic data disappointed the markets.
The possibility we will see no more quantitative easing from the Bank of Japan is increasing, and the Yen will not receive another strong bearish bias from the expansion of already unprecedented stimulus programme.
The cable has been climbing since July 2013, however, no one has yet expressed concerns about the strength of the Sterling, which can damped economic recovery.
The U.S. non-manufacturing sector continues to enjoy expansion in April for the 51st straight month, the ISM services PMI showed on Monday.
According to the European Commission, low inflation will continue to pose a threat to the Eurozone's expansion for at least the next two years.
Australia is often called as a resource-rich economy, as huge part of the overall exports represents shipments of commodities, like ore, coal, petroleum, gas or non-monetary gold.
The Bank of Japan is upbeat about the economy and domestic demand in particular, saying the tax hike will not bring a lot of pain to the economy and will not diminish all efforts from Shinzo Abe and Haruhiko Kuroda to boost growth and inflation.
Last month construction and manufacturing sectors sent mixed signals and added some concerns about the sustainability of economic recovery.
The U.S. economy has almost stopped in the first quarter of this year, posting just a 0.1% expansion. Second quarter is likely to show a brighter picture, as a thaw is spreading into all sectors of the economy, including the labour market.
Pull the trigger or stay pat? These two questions will be torturing Mario Draghi's mind until this Thursday, when policymakers will gather to assess the current state of the 18-nation's bloc's economy.
The previous week was very important for investors, even despite the fact the elevated market volatility was observed only in 27% of the time.
New Zealand has become a first developed country to start raising interest rates, and despite two consecutive rate hikes, analysts still believe the central bank will adjust its monetary policy twice over the next three months.
During this week's meeting, the Bank of Japan maintained the course of the monetary policy and laid out projections underscoring its conviction that the economy is on the right track.