BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Markets are trying to survey the extent of weakness in emerging markets, in particular China, and the spillover to developed markets. Data released this week could give the first indications.
Chinese export figures for August will give a signal of demand weakness in emerging market Asia. August credit growth data will indicate if monetary easing is finally providing a more positive credit impulse to the economy.
Euro area Sentix investor confidence will indicate the damage to sentiment from emerging markets turmoil. Lower gasoline prices are set to counter the shock to consumer sentiment from falling stock markets and we look for a broadly unchanged US University of Michigan survey.
Oil and clothing are a drag on inflation in Sweden and Denmark. A weak NOK should boost Norwegian inflation later this year but the impact is limited for now.
"We expect no new announcements at the policy meeting at the Bank of England but the minutes are likely to show concern about the near-term inflation outlook", says Danske Bank.
