BOJ Raises Interest Rates to 1% as Inflation Pressures Persist 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Japan Signals Readiness to Intervene as USD/JPY Nears 161 Amid Yen Weakness 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Indian Government Bonds Seen Opening Steady Ahead of RBI Policy Decision 
BOJ Raises Interest Rates to 31-Year High, Signals Strong Focus on Inflation Risks 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
ECB Keeps July Rate Options Open Amid Iran War Energy Price Risks 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
RBI Hits Pause as Geopolitical Storm Clouds Gather 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
New Zealand Unemployment and Inflation Debate Intensifies Ahead of 2026 Election 
This week is quite risk heavy and the focus is on the central bankers.
What to watch for over the coming days:
- Central banks:
The European Central Bank (ECB) is set to draw all the attention this week on Thursday as it announces its next moves in monetary policy. It is widely expected that the central bank would extend its bond purchase timeline, which is set to expire in March next year. The Reserve Bank of Australia (RBA) will announce interest rate decision on Wednesday. Bank of Canada (BoC) will announce its monetary policy decision on Wednesday. Ahead of next week’s meeting, several Fed speakers are scheduled to speak on Monday. New York Fed president William Dudley will speak on the macroeconomic outlook at 8:30 in New York, and an hour later, Chicago Fed president Charles Evans will speak on current economic conditions and monetary policy. Later that afternoon, St. Louis Fed president James Bullard will discuss the outlook for the US economy at a luncheon in Arizona.
- Brexit and Grexit:
European finance ministers are meeting in Brussels today to decide the future of Greek debt; whether a debt relief would be given to or not. UK Supreme court will hear the appeal from the government, which lost a case in the High court, which makes them reveal their Brexit plans before the parliament and seek parliamentary approval to trigger Article 50 of the Lisbon treaty. The hearing begins today and is expected to last 3-4 days.
