RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
BOJ Minutes Signal More Rate Hikes as Inflation Risks Grow 
Australia Inflation Cools as Core CPI Misses Forecasts, Easing RBA Rate Hike Pressure 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
RBI Holds Repo Rate at 5.25% as Inflation Risks and Global Uncertainty Persist 
BOJ Expected to Hold Rates Steady While Signaling More Hikes Ahead 
Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates 
Here are some key updates that as a trader you need to keep a tab on.
It’s a quiet start to the week with the United States and Canada closed for the holiday.
Brexit and UK politics:
- UK’s Brexit secretary confirmed that he is heading to Brussels to meet European Union’s chief negotiator Michael Barnier to discuss the Irish-backstop issue, which has been one of the most contentious issues.
- However, the EU has once again reminded that the current Brexit agreement is not up for negotiations.
- Seven lawmakers from the UK’s opposition Labour Party (Luciana Berger, Chuka Umunna, Chris Leslie, Ann Coffey, Angela Smith, Gavin Shuker, Mike Gapes) have resigned from the party citing dissatisfaction over the direction of the party.
Weakness in the German economy:
- German central bank, better known as the Bundesbank warned that though there is no sign that the current slowdown is morphing into a downturn, the weakness in the economy likely to persist at least in the first half of the year 2019.
U.S.- EU trade war:
- As the U.S. Commerce Secretary Wilburs Ross submitted national security review of car imports to the United States to President Trump, the EU has warned the United States against imposing tariffs on car imports as it would act swiftly if such happens. President Trump has 90 days to respond to the report.
