Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
IMF Forecasts Global Inflation Decline as Growth Remains Resilient 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty 
Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan 
Philippines Manufacturing PMI Hits Nine-Month High Despite Weak Confidence Outlook 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
Bank Indonesia is expected to maintain a cautious tone at its monetary policy meeting, scheduled to be held later this week, after raising the policy rate by a cumulative 50 basis points in May, according to the latest research report from DBS Bank.
Despite subdued inflation risks, financial and rupiah stability are likely to dictate the central bank’s policy direction over the next few months.
While an urgency for another hike this week is not seen by market participants, the door remains open for at least another 25 basis points hike in the second half of this year.
Meanwhile, on the trade front, a net oil trade deficit coupled with higher investments-led import demand suggests that the merchandise trade deficit will remain under pressure in May.
