RBNZ Cuts Interest Rates Again as Inflation Cools and Recovery Remains Fragile 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Fed Rate Cut Odds Rise as December Decision Looks Increasingly Divided 
Singapore Maintains Steady Monetary Outlook as Positive Output Gap Persists into 2025 
Indonesia Aims to Strengthen Rupiah as Central Bank Targets 16,400–16,500 Level 
Bank of Korea Holds Interest Rates Steady as Weak Won Limits Policy Flexibility 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
Brazil Central Bank Plans $2 Billion Dollar Auctions to Support FX Liquidity 
Few economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- New Zealand: Credit card spending up 4.5 percent y/y in April.
- Australia: In his speech governor Lowe confirmed RBA’s easing bias.
Upcoming:
- United Kingdom: CBI industrial trend survey report will be released at 10:00 GMT.
- United States: Existing home sales report due at 14:00 GMT. Fed’s Evans’ speech at 14:45 GMT, and Rosengren’s at 16:00 GMT.
- New Zealand: Q1 retail sales report due at 22:45 GMT. Global dairy auction is scheduled today.
- Japan: Machinery orders and trade balance reports will be published at 23:50 GMT.
