BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
ECB Signals Steady Rates Ahead as Policymakers Warn of Inflation Risks 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
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.
