RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
Lots of economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- New Zealand: ANZ business confidence index declined to -39 in June from -27 in May. ANZ activity outlook index declined to 9.4 percent in June, down from 13.6 percent in May.
- United Kingdom: Nationwide house price up 0.5 percent in June, up 2 percent from a year ago.
- France: Consumer confidence declined to 97 in June from 99 in May.
Upcoming:
- Italy: Consumer and business confidence report will be released at 8:00 GMT, followed by trade balance report at 9:00 GMT, and PPI inflation report at 10:00 GMT.
- Eurozone: M3 money supply and private loan statistics report will be released at 8:30 GMT.
- United Kingdom: BoE will release financial stability report at 8:30 GMT. BoE governor Carney is set for a speech at 8:30 GMT. CBI distributive trade survey report will be released at 10:00 GMT.
- United States: MBA mortgage applications report will be released at 11:00 GMT, followed by durable goods report at 12:30 GMT, and pending home sales report at 14:00 GMT. EIA will release weekly natural gas inventory report at 14:30 GMT. FOMC’s Rosengren is set for a speech at 16:15 GMT.
- Switzerland: SNB will release quarterly bulletin at 13:00 GMT.
- Canada: BoC governor Poloz is set for a speech at 19:00 GMT.
- New Zealand: RBNZ will announce interest rate decision at 21:00 GMT.
- Japan: May retail trade report will be released at 23:50 GMT
- Auction: U.S. will auction 5-year note at 17:00 GMT.
