Thursday brings central bank meetings in Britain and Norway.
The Bank of England is not seen unveiling additional policy easing despite concerns over the recent spike in borrowing costs.
Instead, any action such as upping the BoE’s bond-buying firepower is likely to come later in the year – perhaps in May, when the next set of economic forecasts emerge.
With first-quarter GDP data expected to show a near 4% drop on the back of pandemic-linked lockdowns and Brexit disruptions, economic recovery is expected to be gradual. A majority of economists polled by Reuters expect GDP will take two years to return to pre-COVID-19 levels.
Norges Bank is also tipped to keep rates unchanged but it may adopt a much more hawkish tone given signs of economic recovery in Norway, especially in housing.