MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness 
New York Fed President John Williams Signals Rate Hold as Economy Seen Strong in 2026 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
Bank of Korea Expected to Hold Interest Rates as Weak Won Limits Policy Easing 
ECB Signals Steady Interest Rates as Fed Risks Loom Over Outlook 
In terms of volatility risks, this week is relatively light with the focus on central banks and economic data,
What to watch for over the coming days:
Central Banks:
- Bank of Canada (BoC) will announce rate decision on Wednesday. No changes expected.
- Bank of Japan (BoJ) will announce the rate decision on Thursday. No changes expected.
Economic data:
- Australia’s inflation numbers for Q1 due on Wednesday.
- German IFO survey is due on Wednesday. Could be a big mover if data disappoint to the downside.
- United States’ durable goods order report on Thursday and Q1 flash GDP estimate on Friday.
Geopolitics:
- India to hold the third phase of General election on April 23rd.
- North Korean leader Kim Jong-Un to visit Russia this week and meet President Putin.
- China will host a two-day ‘Belt and Road’ forum in Beijing. Interest by sovereign states would be a key point to note.
- Spain will hold the general election on Sunday.
