BOE Decision Day, Fed Gifts Breathing Room, PMIs Soft: Eco Day

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Welcome to Thursday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

  • The U.K. and Czech Republic have central bank decision days today; track what’s worth looking out for here and here
  • Fed flurry. It was a fairly predictable Federal Reserve interest-rate hold, but Jerome Powell riled things up a bit Wednesday in Washington with comments on inflation that damped rate-cut projections for 2019
  • Thanks, Jerome. The Fed’s message of patience gave central bankers in Asia more room ahead of a big week of decisions
  • PMI-land. U.S. manufacturing took a hit in April, and after China’s softer PMI, half of Asia’s export engines followed suit
  • Bumpy road. South Korea’s economic pain is set to endure into the second quarter, Bloomberg Economics analysis shows
  • Job security. One thing’s for certain, maybe: India’s central bank chief appears safe in his post, no matter who wins India’s elections

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