Bank of Korea Signals Potential Interest Rate Hikes as Inflation Remains Elevated 
ECB Signals Possible Interest Rate Move if Inflation Outlook Fails to Improve 
BOJ Governor Kazuo Ueda Hints at Rate Hike as Inflation Pressures Build 
South Korea Central Bank Signals Cautious Policy Amid Inflation and Middle East Tensions 
Paraguay Holds Interest Rate at 5.5% as Inflation Remains Stable Amid Global Uncertainty 
BOJ Rate Hike Expectations Grow as Board Member Signals Hawkish Stance 
Sizable economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- Australia: Construction work in Q1 declined 1.9 percent.
Upcoming:
- United States: FOMC member Bullard set for a speech at 5:00 GMT. MBA mortgage report due at 11:00 GMT. EIA will release weekly crude oil inventory report at 14:30 GMT. FOMC will release minutes of meeting 18:00 GMT.
- Eurozone: Eurozone President Draghi’s speech due at 7:30 GMT, and Peter Praet at 9:30 GMT.
- United Kingdom: April CPI, PPI, WPI, and HPI inflation report to be released at 8:30 GMT.
- Canada: March retail sales report due at 12:30 GMT.
