China Holds Benchmark Loan Prime Rate Steady for Tenth Consecutive Month 
RBA Set to Hike Rates Again Amid Inflation Surge and Global Uncertainty 
Paraguay Central Bank Holds Interest Rate at 5.5% Amid Slowing Growth 
Bank of Japan Officials Signal Continued Interest Rate Hikes Amid Inflation Concerns 
Global Central Banks Hold Rates Amid Iran War-Driven Energy Price Surge 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Bank of Japan Unveils New Inflation Gauge to Support Case for Future Rate Hikes 
In terms of volatility risks, this week is heavy with economic data, as well as central bank events.
What to watch for over the coming days:
- Central Banks: Bank of Japan (BoJ) will announce the rate decision on Wednesday. Bank of England (BoE) will announce the rate decision on Thursday.
- Economic data: German CPI inflation numbers on Tuesday. Australia’s CPI inflation report on Wednesday. China manufacturing PMI report on Wednesday. Eurozone’s CPI and unemployment numbers on Wednesday. U.S. ADP employment report on Wednesday, manufacturing PMI on Thursday, and NFP report on Friday. Switzerland CPI inflation report on Thursday. PMI reports from all over the world on Friday. Canada’s unemployment report on Friday.
- Geopolitics: the UK will announce budget on Monday, which needs to be approved by Thursday, the last budget before Brexit.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Italy, and Korean peninsula are likely to keep influencing the market.
