Japan’s Rising Inflation Strengthens Case for a Near-Term BOJ Rate Hike 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
New RBNZ Governor Anna Breman Aims to Restore Stability After Tumultuous Years 
Kazakhstan Central Bank Holds Interest Rate at 18% as Inflation Pressures Persist 
UK Raises Deposit Protection Limit to £120,000 to Strengthen Saver Confidence 
BOJ’s Noguchi Calls for Cautious, Gradual Interest Rate Hikes to Sustain Inflation Goals 
Indonesia Aims to Strengthen Rupiah as Central Bank Targets 16,400–16,500 Level 
In terms of volatility risks, this week is heavy with the focus of central banks and geopolitics,
What to watch for over the coming days:
Central Banks:
- Bank of Japan (BoJ) will announce the monetary policy decision on Tuesday.
- Federal Reserve will announce monetary policy decision on Wednesday.
- Bank of England (BoE) will announce monetary policy on Thursday.
Economic data:
- Japan’s unemployment report on Monday.
- German inflation report on Tuesday, retail sales and unemployment reports on Wednesday.
- U.S. income and spending report on Tuesday, ADP employment report on Wednesday, ISM manufacturing PMI on Thursday, and NFP report on Friday.
- China’s official manufacturing PMI reports on Wednesday and Caixin manufacturing report on Thursday.
- Australia’s inflation report on Wednesday.
- Eurozone Q2 GDP and July inflation report on Wednesday.
- Manufacturing PMI reports from all around the world to be released on Thursday.
Geopolitics:
- U.S. trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin to hold trade talks with Chinese counterparts this week.
