Bank of Japan Holds Rates Steady Amid Inflation Concerns and Yen Weakness 
RBA Set for Back-to-Back Rate Hikes, Westpac Forecasts 
Bank of Japan Officials Signal Continued Interest Rate Hikes Amid Inflation Concerns 
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge 
Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation 
ANZ and Westpac Forecast Two RBA Rate Hikes in March and May 2026 
Lots of economic data and events scheduled for today, but all with low to medium volatility risks associated.
Data released so far:
- Australia: May building permits up 3.1 percent y/y in May. RBA kept interest rate unchanged at 150 bps at today’s meeting.
- Spain: Unemployment declined by 90,000 in June.
Upcoming:
- United Kingdom: Construction PMI data will be released at 8:30 GMT, along with the release of MPC minutes. BRC shop price report will be released at 23:00 GMT.
- Eurozone: PPI inflation and May retail sales report at 9:00 GMT.
- United States: ISM New York report will be released at 13:45 GMT and May factory orders report will be released at 14:00 GMT.
- Canada: Markit manufacturing PMI report will be released at 13:30 GMT.
- New Zealand: Global dairy auction is scheduled today.
- Australia: AiG performance of services report will be released at 22:30 GMT.
