RBI Hits Pause as Geopolitical Storm Clouds Gather 
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Jerome Powell Warns Against Politicizing the Federal Reserve, Defends Democratic Institutions 
ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns 
RBI Holds Interest Rates at 5.25%, Cuts India Growth Forecast Amid Rising Global Risks 
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FxWirePro: Daily Commodity Tracker - 21st March, 2022 
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BOK Seen Holding Interest Rates Steady as Inflation Risks Rise in South Korea 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- China: House price index up 10.7 percent y/y in May.
- Australia: House price index down 3 percent q/q n Q1, down 7.4 percent from a year ago.
Upcoming:
- Eurozone: ECB President Draghi set for a speech at 8:00 GMT, member De Guindos at 8:30 GMT, and Lane at 14:00 GMT. April trade balance report coming due at 9:00 GMT, along with May CPI inflation report and ZEW economic survey report.
- Germany: ZEW Economic survey report will be released at 9:00 GMT.
- United States: Building permits and Housing starts reports due at 12:30 GMT.
- United Kingdom: BoE governor Carney’s speech due at 14:00 GMT.
- New Zealand: Q1 current account balance report to be released at 22:45 GMT. Global dairy auction s scheduled today.
- Japan: Trade balance report for the month of May will be published at 23:50 GMT.
- Auction: the U.S. will release 12-month bills at 15:30 GMT. The UK will auction 10-year bond today. Spain will auction 3-month and 9-month Letras today.
