The Federal Open Market Committee, the Bank of Japan, and the Bank of England will each decide monetary policy this week. With oil prices climbing back to around $100 a barrel, the focus is on how concerned each central bank is. The FOMC meets on the 28th and 29th, the BOJ on the 30th and 31st, and the BOE announces on the 30th. All are expected to hold steady, but they are likely to signal caution over accelerating inflation from surging energy costs. There is also talk that Fed Chair Warsh could surprise markets with a rate hike.