BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
RBA Reassesses Pricing Behaviors and Policy Impact Amid Inflation Pressures 
RBNZ Cuts Interest Rates Again as Inflation Cools and Recovery Remains Fragile 
Fed Rate Cut Odds Rise as December Decision Looks Increasingly Divided 
Kazakhstan Central Bank Holds Interest Rate at 18% as Inflation Pressures Persist 
BOK Expected to Hold Rates at 2.50% as Housing and Currency Pressures Persist 
BOJ’s Noguchi Calls for Cautious, Gradual Interest Rate Hikes to Sustain Inflation Goals 
Singapore Maintains Steady Monetary Outlook as Positive Output Gap Persists into 2025 
Not many economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- China: June trade balance came at $41.61 billion with imports rising by 14.1 percent and exports rose by 11.3 percent.
- Japan: Industrial production up 4.2 percent y/y in May.
Upcoming:
- Germany: Wholesale inflation report will be released at 6:00 GMT.
- Spain: HICP inflation report will be released at 7:00 GMT.
- Switzerland: PPI inflation report for June will be released at 7:15 GMT.
- United Kingdom: BoE member Cunliffe is set for a speech at 11:00 GMT.
- United States: Terms of trade report will be released at 12:30 GMT. Michigan consumer sentiment report will be released at 14:00 GMT. FOMC member Bostic is set for a speech at 16:30 GMT.
