Inflation: I've been analysing the Bank of England's forecast over the past two years – here's how they got it wrong 
Think the RBA will lift rates on Melbourne Cup day? Don't bet your house on it 
As treasurer, Bill Hayden set Labor on the path to economic rationalism 
If central banks don't start cutting them soon, it could actually increase inflation 
Why the Bank of England is now more upbeat than the IMF 
Interest rates: Monetary policy is always political as central banks opt to back the financial sector 
Will the RBA raise rates again? Unless prices surge over summer, it's looking less likely 
Not many economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- China: First quarter GDP grew 1.4 percent, up 6.8 percent from a year ago. Fixed asset investments up 7.5 percent y/y. Industrial production up 6 percent y/y. Retail sales grew 10.1 percent y/y in February.
- Japan: No growth in February on a monthly basis, up 1.6 percent from a year ago.
Upcoming:
- Italy: March CPI inflation report will be released at 8:00 GMT, followed by trade balance report at 9:00 GMT.
- United Kingdom: ILO unemployment report will be released at 8:30 GMT.
- Germany: ZEW economic survey report will be released at 9:00 GMT.
- Eurozone: ZEW economic survey report will be released at 9:00 GMT.
- United States: Building permits and housing starts report will be released at 12:30 GMT, followed by industrial production report at 13:15 GMT. FOMC member William is set for a speech at 13:15 GMT, Quarles at 14:00 GMT, and Harker at 15:00 GMT, and Evans at 17:10 GMT.
- Japan: Trade balance report will be released at 23:50 GMT.
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