"Any potential statements around the current state of the economy are expected to echo the hawkish tone communicated at the Bank's January interest rate decision," Adam Cole, chief currency strategist at RBC Europe Limited, said in a note. ET (1700 GMT) on the role of productivity in fostering non-inflationary growth, which could offer clues on the outlook for interest rates. World stocks rallied, putting aside worries about rising interest rates for now to take some comfort from positive headlines on Ukraine and upbeat earnings, while a semblance of calm returned to battered sovereign bond markets.