BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Japan’s Inflation Edges Higher in October as BOJ Faces Growing Pressure to Hike Rates 
New RBNZ Governor Anna Breman Aims to Restore Stability After Tumultuous Years 
Singapore Maintains Steady Monetary Outlook as Positive Output Gap Persists into 2025 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Kazakhstan Central Bank Holds Interest Rate at 18% as Inflation Pressures Persist 
Not many economic data and events scheduled for today, and all with medium volatility risks associated.
Upcoming:
- New Zealand: ANZ commodity price index up 2.8 percent in February.
- United Kingdom: BRC retail sales index down -0.1 percent y/y in February.
- Japan: Markit services PMI up 52.3 in February.
- Australia: Q4 current account balance came at -$7.2 billion. RBA kept rates unchanged at 150 bps after today’s meeting.
Upcoming:
- Switzerland: CPI inflation report for February will be released at 7:30 GMT. SNB’s Zurbrugg is set for a speech at 9:00 GMT.
- Spain: Services PMI report will be released at 8:15 GMT.
- Italy: Services PMI report will be released at 8:45 GMT. Q4 GDP report due at 9:00 GMT.
- France: Services PMI report will be released at 8:50 GMT.
- Germany: Services PMI report will be released at 8:55 GMT.
- Eurozone: Services PMI report will be released at 9:00 GMT. January retail sales report is due at 10:00 GMT.
- United Kingdom: Services PMI report will be released at 9:30 GMT. BoE governor Carney set for a speech at 15:30 GMT.
- United States: Building permits report will be released at 12:30 GMT, followed by ISM non-manufacturing PMI at 15:00 GMT. New home sales report will be released at 15:00 GMT.
- New Zealand: Global dairy auction is scheduled today.
- Auction: Spain will auction 6-month and 12-month Letras today.
