LONDON: The European Central Bank and Bank of Japan are among Group of Seven institutions leading the charge this week with their first interest-rate meetings of 2020, each of which may set the tone for the year ahead.
Newly appointed ECB president Christine Lagarde will inaugurate a once-in-a-generation review of monetary policy strategy where officials will mull for months on whether to change their inflation target. In Tokyo, central bank officials are poised to keep their monetary stance unchanged as they confront growing expectations for eventual tightening. Meanwhile the Bank of Canada is also expected to stay on hold.
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