Bank of Japan Governor Signals Gradual Progress Toward 2% Inflation Target 
J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
Paraguay Central Bank Holds Interest Rate at 5.5% Amid Slowing Growth 
ANZ and Westpac Forecast Two RBA Rate Hikes in March and May 2026 
China Holds Benchmark Loan Prime Rate Steady for Tenth Consecutive Month 
RBA Set to Hike Rates Again Amid Inflation Surge and Global Uncertainty 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- United Kingdom: BRC shop price index up 0.1 percent y/y in November.
- Australia: Construction work done in the third quarter is down 2.8 percent.
Upcoming:
- Germany: GFK consumer confidence report will be released at 7:00 GMT.
- France: Q3 GDP report will be released at 7:45 GMT.
- United Kingdom: Bank stress test report might be released today by BoE. BoE governor Carney is set for a speech at 16:45 GMT.
- Italy: PPI inflation report will be released at 9:00 GMT.
- Eurozone: Private loans and money supply statistics will be released at 9:00 GMT.
- Switzerland: Zew survey report will be released at 9:00 GMT.
- United States: MBA mortgage applications report will be released at 12:00 GMT. Q3 GDP report will be released at 13:30 GMT, along with October goods balance report, and followed by new home sales report at 15:00 GMT. EIA will release weekly crude oil inventory report at 15:30 GMT. Fed’s Powell is set for a speech at 17:00 GMT.
- Japan: October retail trade report will be released at 23:50 GMT.
