RBA Reassesses Pricing Behaviors and Policy Impact Amid Inflation Pressures 
BOJ Signals Possible December Rate Hike as Yen Weakness Raises Inflation Risks 
BOJ’s Noguchi Calls for Cautious, Gradual Interest Rate Hikes to Sustain Inflation Goals 
RBNZ Cuts Interest Rates Again as Inflation Cools and Recovery Remains Fragile 
Singapore Maintains Steady Monetary Outlook as Positive Output Gap Persists into 2025 
Indonesia Aims to Strengthen Rupiah as Central Bank Targets 16,400–16,500 Level 
UK Raises Deposit Protection Limit to £120,000 to Strengthen Saver Confidence 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Upcoming:
- Germany: PPI inflation report for the month of May will be released at 6:00 GMT. Prior 2.5 percent y/y, expected 2.1 percent.
- Italy: Trade balance report due at 8:00 GMT.
- Eurozone: April current account balance report due at 8:00 GMT, followed by construction output report at 9:00 GMT. ECB President Draghi’s speech due at 14:00 GMT.
- United Kingdom: Inflation reports including RPI, CPI, PPI, and HPI will be released at 8:30 GMT. CBI will release its industrial trend survey report at 10:00 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT. EIA will release its weekly crude oil inventory report at 14:30 GMT. Federal Reserve will announce monetary policy decision and will release projection materials at 18:00 GMT.
- Canada: CPI inflation report will be released at 12:30 GMT.
- New Zealand: Q1 GDP report due at 22:45 GMT.
