RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
BOJ Rate Decision in Focus as Yen Weakness and Inflation Shape Market Outlook 
Not many economic data and events scheduled for today, and all with medium volatility risks associated.
Upcoming:
- New Zealand: ANZ commodity price index up 2.8 percent in February.
- United Kingdom: BRC retail sales index down -0.1 percent y/y in February.
- Japan: Markit services PMI up 52.3 in February.
- Australia: Q4 current account balance came at -$7.2 billion. RBA kept rates unchanged at 150 bps after today’s meeting.
Upcoming:
- Switzerland: CPI inflation report for February will be released at 7:30 GMT. SNB’s Zurbrugg is set for a speech at 9:00 GMT.
- Spain: Services PMI report will be released at 8:15 GMT.
- Italy: Services PMI report will be released at 8:45 GMT. Q4 GDP report due at 9:00 GMT.
- France: Services PMI report will be released at 8:50 GMT.
- Germany: Services PMI report will be released at 8:55 GMT.
- Eurozone: Services PMI report will be released at 9:00 GMT. January retail sales report is due at 10:00 GMT.
- United Kingdom: Services PMI report will be released at 9:30 GMT. BoE governor Carney set for a speech at 15:30 GMT.
- United States: Building permits report will be released at 12:30 GMT, followed by ISM non-manufacturing PMI at 15:00 GMT. New home sales report will be released at 15:00 GMT.
- New Zealand: Global dairy auction is scheduled today.
- Auction: Spain will auction 6-month and 12-month Letras today.
