Bank of Japan Holds Rates Steady Amid Inflation Concerns and Yen Weakness 
Fed Rate Cut Hopes Fade as Oil Prices Stoke Inflation Fears 
China Holds Benchmark Loan Prime Rate Steady for Tenth Consecutive Month 
Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation 
Goldman Sachs Delays Bank of England Rate Cut Forecast Amid Middle East Inflation Risks 
In terms of volatility risks, this week is heavy with the focus on central banks and geopolitics,
What to watch for over the coming days:
Central Banks:
- European Central Bank (ECB) will release a lending survey on Tuesday.
- Bank of England (BoE) will release minutes of the last monetary policy meeting on Tuesday.
- Reserve Bank of Australia (RBA) Governor Lowe’s speech on Thursday.
- European Central Bank (ECB) will announce the rate decision on Thursday.
Economic data:
- German flash PMI report on Tuesday, and IFO business climate report on Thursday.
- U.S. durable goods report on Thursday and flash second-quarter GDP report on Friday.
Geopolitics:
- The winner of the British Conservative Party leadership contest will be announced on Tuesday.
- Pakistani Prime Minister Imran Khan to visit the U.S.
- The focus will be on UK-Iran feud, as Iran captured two British oil tankers in the Straits of Hormuz, in response to the British capture of Iranian oil tankers.
