What if the Reserve Bank itself has been feeding inflation? An economist explains 
Food prices will climb everywhere as temperatures rise due to climate change – new research 
The idea that US interest rates will stay higher for longer is probably wrong 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
How cuts to marginal income tax could boost the UK’s stagnant economic growth 
Rishi Sunak wants to cut the cost of ‘sicknote’ Britain 
Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI 
Industry shutdowns are messy and painful: 4 lessons Australia’s coal sector can learn from car-makers about bowing out 
Not many economic dockets and events scheduled for today and all with low to medium volatility risks associated.
Data released so far:
- Australia: HIA report showed new home sales up 0.2 percent in January. National Australia Bank’s business confidence marginally declines to 5 from 6.
- United Kingdom: RICS housing price balance is up 25 percent in January.
Upcoming:
- Japan: Flash Machine tools orders numbers will be published at 6:00 GMT.
- Switzerland: Unemployment report for January will be published at 6:45 GMT.
- Germany: Trade balance report for January will be published at 7:00 GMT.
- Australia: RBA governor is scheduled to speak at 8:15 GMT.
- Greece: Industrial production report for December and unemployment report for November will be published at 10:00 GMT.
- Portugal: Global trade balance report will be released today.
- United States: Weekly jobless claims report will be published at 13:30 GMT, followed by December wholesale inventories report at 15:00 GMT. EIA will release weekly natural gas inventory report at 15:30 GMT. FOMC’s Evans is scheduled to speak at 18:00 GMT.
- Canada: New house price index will be updated for December at 13:30 GMT.
- Japan: Domestic corporate goods price index will be updated for January at 23:50 GMT.
- Auction: Spain will auction 10-year bond today. UK will auction 30-year bond. US will auction 30-year bond at 18:00 GMT.
