(Reuters) - The Federal Reserve is expected to keep rates on hold at 5.25 percent on Wednesday, one day before the European Central Bank is seen keeping rates on hold at 3.75 percent and the Bank of England raises by a quarter percentage point to 5.5 percent.
But the softer-than-expected U.S. non-farm payrolls last Friday strengthened expectations the Fed will cut interest rates later in the year.
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