The Bank of Japan is widely expected to raise interest rates on Friday for the first time since January, taking them to their highest level in 30 years and potentially increasing volatility in debt markets.

The U.S. labor market showed weaker-than-expected growth in August, with only 22,000 jobs added, according to the Bureau of Labor Statistics.

India’s central bank surprised markets by cutting interest rates by 0.5 percentage points—more than anticipated—in its third consecutive reduction, responding to easing inflation and a slowdown in growth in Asia’s third-largest economy.

The European Central Bank cut interest rates on Thursday for the seventh time, aiming to address concerns over economic growth amid President Donald Trump’s escalating tariff measures.

The Reserve Bank of India (RBI) cut its key repo rate for the first time in nearly five years on Friday to provide stimulus to the sluggish economy, which is expected to grow at its slowest pace in four years in the current fiscal year.

The Bank of England has cut interest rates to 4.5%, as it halved its UK growth forecasts for the year and warned households would face renewed pressure from rising prices.

China’s central bank announced on Monday that it has reduced two key benchmark interest rates in an effort to stimulate sluggish spending in the world’s second-largest economy.

U.S. Treasury yields fell sharply on Monday as investors began to factor in significant rate cuts from the Federal Reserve, following a spike in concerns about a potential recession in the U.S. economy due to a lacklustre jobs report.

The U.S. unemployment rate jumped to near a three-year high of 4.3% in July amid a significant slowdown in hiring, heightening fears the labor market was deteriorating and potentially making the economy vulnerable to a recession.