BOJ June Rate Hike Likely as Inflation Risks Rise Amid Middle East Tensions 
BOJ Governor Ueda Warns Oil Price Shock Could Trigger Persistent Inflation 
RBNZ Holds Interest Rates Steady but Signals More Hikes Ahead in 2026 
ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns 
Indonesia Plans Higher Asset Yields to Boost Rupiah and Restore Investor Confidence 
BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks 
RBI Holds Interest Rates at 5.25%, Cuts India Growth Forecast Amid Rising Global Risks 
Uruguay Central Bank Holds Interest Rate at 5.75% Amid Inflation and Oil Price Concerns 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Australia: RBA kept the policy rate unchanged at 150 bps at today’s meeting. Q3 current account balance came at -$10.7 billion.
Upcoming:
- France: October budget details will be released at 7:45 GMT.
- Spain: November unemployment change report will be released at 8:00 GMT.
- Switzerland: CPI inflation report will be released at 8:15 GMT.
- United Kingdom: ECJ might release its opinion on Brexit case today. BoE’s governor Carney is set for a speech at 9:15 GMT. Construction PMI report will be released at 9:30 GMT. MPC member Vlieghee is set for a speech at 18:00 GMT.
- Eurozone: PPI inflation report for the month of October will be released at 10:00 GMT. Expected 4.5 percent y/y.
- Canada: Q3 labor productivity report will be released at 13:30 GMT.
- United States: ISM New York report will be released at 14:45 GMT. FOMC member Williams is set for a speech at 15:00 GMT.
- Auction: U.S. will auction 1-month, and 12-month bills at 16:30 GMT.
