Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts 
ECB Signals Possible Interest Rate Move if Inflation Outlook Fails to Improve 
Bank of Korea Signals Potential Interest Rate Hikes as Inflation Remains Elevated 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
RBA Raises Interest Rates to 4.35% Amid Rising Inflation Risks and Middle East Tensions 
In terms of volatility risks, this week is light with the focus on the looming G20 meeting,
What to watch for over the coming days:
Central Banks:
- Bank of Japan (BoJ) will release monetary policy minutes on Monday.
- Federal Reserve Chairman Powell’s speech due on Tuesday.
- Reserve Bank of New Zealand (RBNZ) would announce rate decision early Wednesday.
- UK inflation report hearings scheduled for Wednesday.
Economic data:
- German CPI inflation numbers on Thursday.
- U.S. Q1 GDP report on Thursday and PCE inflation report on Friday, along with personal consumption and spending figures.
- Japan’s inflation reports due on Thursday.
- UK’s Q1 GDP figure on Friday.
- Eurozone inflation figures on Friday.
Geopolitics:
- U.S. national security adviser John Bolton and Russian Security Council Secretary Nikolai Patrushev to visit Israel, and meet with Israeli National Security Advisor Meir Ben-Shabbat on Monday.
- OPEC to hold its semiannual meeting on Tuesday. OPEC/N-OPEC meeting is set for Wednesday.
- U.S. Secretary of State Mike Pompeo to visit India for two days to discuss and bilateral and trade and security.
- The two-day long G20 meeting would begin on Friday, where President Trump and President Xi of China to hold a bilateral meeting on the sideline.
