A survey by the New York Fed showed on Monday that Americans' short-term inflation expectations eased slightly, while their view on price pressures in the longer term increased, and their expectations for the stock market hit a three-year high.
Turkey's central bank decided to leave its benchmark rate unchanged on Thursday, as expected, and underscored the need to maintain the tight monetary stance. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, or CBRT, governed by Yasar Fatih Karahan decided to maintain the policy rate at 50.
Bank of England's Deputy Governor Ben Broadbent said the interest rate could be cut some time over the summer. The outgoing deputy governor said if things continue to evolve as expected, then the policy will have to become less restrictive at some time.