RBA Holds Rates but Warns of Rising Inflation Pressures 
Japan’s Finance Minister Signals Alignment With BOJ as Rate Hike Speculation Grows 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
New RBNZ Governor Anna Breman Aims to Restore Stability After Tumultuous Years 
Lots of economic data and events scheduled for today and some with high volatility risks associated.
Data released so far:
- Japan: BoJ kept monetary policy unchanged.
- China: Foreign Direct Investment (FDI) declines to 0.7 percent y/y.
Upcoming:
- Japan: BoJ Governor Kuroda’s press conference is scheduled at 6:30 GMT.
- Italy: April trade balance report will be released at 8:00 GMT.
- Eurozone: May CPI inflation numbers will be published at 9:00 GMT, along with first quarter Labor costs.
- United Kingdom: BoE will release quarterly bulletin at 11:00 GMT.
- United States: Building permits and housing starts numbers will be updated at 12:30 GMT, followed by Michigan consumer sentiment at 14:00 GMT. Fed’s Kaplan is scheduled to speak at 16:45 GMT.
