Bank of America Maintains Forecast for Two Fed Rate Cuts in 2026 Despite Inflation Risks 
RBI Clamps Down on Rupee NDF Activity, Banks Face Steeper Losses 
Singapore Tightens Monetary Policy Amid Middle East War Inflation Risks 
Bank of Korea Governor Nominee Warns of Action if Korean Won Weakens Further 
Bank of Japan Eyes Further Rate Hikes Amid Middle East Tensions and Inflation Pressures 
Citigroup Delays Fed Rate Cut Forecast Amid Strong Jobs Data and Inflation Concerns 
Bank of Japan Signals Rate Flexibility Amid Yen Volatility 
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.
