With the ECB keeping rates on hold, and the BOE and Fed expected to do the same, Blake and George explore what's really driving central bank decisions. From energy market pressures in Europe to an unexpectedly hawkish Fed backdrop, discover why holding steady is anything but straightforward in this week's policy meetings.

Participants:

• Blake Gwinn (Desk Strategy), Head of US Rates Strategy
• George Moran (Desk Strategy), European Macro Strategist

* Research Analyst opinions are their published views, independent of those expressed by Desk Analysts