Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Markets React as Tensions Rise Between White House and Federal Reserve Over Interest Rate Pressure 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Bank of Japan Likely to Delay Rate Hike Until July as Economists Eye 1% by September 
ECB Signals Steady Interest Rates as Fed Risks Loom Over Outlook 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data and events so far:
- New Zealand: RBNZ kept the interest rates unchanged at 1.5 percent.
Upcoming:
- Germany: GFK consumer confidence report to be released at 6:00 GMT.
- France: June consumer confidence report will be released at 6:45 GMT.
- Eurozone: ECB will hold its non-monetary policy today.
- Italy: Q1 Debt statistics will be updated at 8:00 GMT.
- Switzerland: ZEW economic survey report will be released at 8:00 GMT.
- United Kingdom: BBA mortgage report due at 8:30 GMT. BoE governor Carney to testify before parliamentary committee beginning 9:15 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT. Durable goods order report will be released at 12:30 GMT. EIA will release weekly crude oil inventory report at 14:30 GMT. FOMC member Daly’s speech due at 15:30 GMT.
- Japan: Retail trade report due at 23:50 GMT.
- Auction: the U.S. will auction 5-year note at 17:00 GMT.
