MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Upcoming:
- Germany: March trade balance report due at 6:00 GMT.
- France: March industrial output and non-farm payrolls report to be released at 6:45 GMT.
- Italy: April industrial output numbers will be released at 8:00 GMT, followed by March retail sales at 9:00 GMT.
- United Kingdom: Q1 flash GDP report will be released at 8:30 GMT, along with March trade balance and industrial production report.
- United States: CPI inflation report due at 12:30 GMT. Fed’s Brainard set for a speech at 12:30 GMT, and Bostic at 13:00 GMT.
- Canada: April unemployment report to be released at 12:30 GMT, along with March building permits report.
