The Bank of England is widely expected to keep interest rates unchanged this week as policymakers assess the economic fallout from the ongoing Iran war and rising energy costs.

The US dollar weakened on Friday, pressured by shifting expectations for monetary policy and renewed optimism that diplomatic efforts could ease tensions between the United States and Iran.

By early twenty twenty six inflation and interest rate expectations had become one of the most persistent and widely discussed economic themes worldwide.

Over the last week, the cryptocurrency market moved through a familiar but intense cycle of volatility, cautious optimism, and selective profit taking.

The British pound strengthened on Thursday after the Bank of England (BoE) delivered a cautious interest rate cut in a closely divided vote, signalling limited room for further monetary easing.

The Bank of England (BoE) announced a quarter-point cut in its benchmark interest rate on Thursday, lowering it from 4.25% to 4%, but the decision exposed a sharp split among its policymakers.

The Bank of England’s Monetary Policy Committee (MPC) cut interest rates from 4.25% to 4%, but the decision exposed deep divisions among policymakers. For the first time in its history, the committee had to hold two separate votes due to a deadlock.

Economists remain split on whether the Monetary Authority of Singapore (MAS) will ease monetary policy or maintain its current stance during its upcoming policy review scheduled for July 30. This debate follows Singapore’s unexpected 1.4% quarter-on-quarter GDP growth in Q2, which helped the city-state avoid a technical recession despite a weakening global economy.

Fatih Karahan, governor of the Central Bank of the Republic of Türkiye (CBRT), said Wednesday that they will maintain a tight monetary policy stance until a permanent fall in inflation and price stability is achieved.

China plans to adopt an "appropriately loose" monetary policy next year as part of efforts to support economic growth.