This is not a UFC cage match. However, it is possible either the U.S. Federal Open Market Committee or the Bank of England's Monetary Policy Committee could end up bloodied once this difference of opinion on the impact of a weaker global economic situation is resolved.
The Bank of England will be in the spotlight on Thursday as it announces its latest monetary policy decision, releases the minutes from its meeting including voting details, releases its inflation report and Governor Mark Carney and colleagues conduct a press conference. Investors will be hoping to get some much needed clarity on the position of the BoE given how cloudy its expectations have become since the last meeting.
Most European Central Bank policy makers judged that buying government debt was the only option big enough to fight the threat of deflation when they met last month, an official account of the debate shows.