In the Inflation Report, the Bank said that global growth was constrained by trade tensions and that the manufacturing sector was the worst hit, while inflation in the EU and US had been subdued.

It’s widely believed that the Bank will hold as UK data has largely held up well whilst other economies have faced contraction amongst manufacturing and services.

The Fed cut rates with the message that the action supports their view that economic activity, labour market conditions and inflation near the Committee’s objectives are the most likely outcomes

The Federal Open Market Committee meets this evening to discuss monetary policy going forward.

Bank of Japan Governor Kuroda said today that he maintained that BoJ policy was committed to addressing continued low inflation.

The Bank of Japan meet later today to determine the interest rate path and to provide the market with forward guidance

Market likely to have taken today’s meeting as a signpost that ECB monetary policy over the last decade has failed to spur growth

Few tailwinds to European inflation expectations, many headwinds to global growth

Powell used the word ‘insurance’ with regards to a rate cut to make sure that growth and inflation were not pushed lower in the future.

Polos has held strong over the past decisions by not really budging as many others had been cutting.