ECB Rate Call Sets Stage for Fed and BoJ Hikes

The European Central Bank (ECB) has set the tone for a week of potential interest rate hikes by major central banks. The ECB's decision to hold rates steady is seen as a signal that other banks, including the Federal Reserve and the Bank of Japan, may also choose to raise rates in the coming days.

The ECB's inaction on rates has sent shockwaves through financial markets, with investors now focusing on the upcoming decisions by the Fed and BoJ. The move by the ECB is seen as a surprise, given its previous hints at an interest rate hike.