Overview

• Bank of England likely to maintain current interest rates amid upcoming General Election.
• Global central banks, including those in Australia and Switzerland, are expected to delay rate cuts due to inflation concerns.
• Recent data suggests that inflation is still a significant factor, influencing policymakers to hold off on reducing borrowing costs.
• The Federal Reserve and other major banks are adopting a cautious approach, with potential rate cuts pushed to later in the year.
• Economic indicators from the US, China, and other major economies will be closely watched for signs of shifting monetary policies.