RBA Deputy Governor Says November Inflation Slowdown Helpful but Still Above Target 
BOJ Holds Interest Rates Steady, Upgrades Growth and Inflation Outlook for Japan 
ECB Signals Steady Interest Rates as Fed Risks Loom Over Outlook 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated 
Lots of economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- Japan: Labor cash earnings up 2 percent y/y in November.
- Australia: Building permits down 9.1 percent in November, down 32.8 percent from a year ago.
Upcoming:
- Germany: November trade balance report will be published at 7:00 GMT.
- Switzerland: December CPI inflation report will be released at 7:30 GMT. Forex reserve details will be announced at 8:00 GMT.
- France: December consumer confidence report will be released at 7:45 GMT.
- Eurozone: ECB is holding its non-monetary policy meeting today. Unemployment report will be published at 10:00 GMT.
- Italy: November unemployment report will be published at 9:00 GMT.
- United States: MBA mortgage applications report will be released at 12:00 GMT. FOMC member Bostic is set for a speech at 13:20 GMT, Evans at 14:00 GMT, and Rosengren at 16:30 GMT. EIA will release weekly crude oil inventory report at 15:30 GMT. FOMC will release minutes of the December meeting at 19:00 GMT.
- Canada: BoC will announce rate decision at 15:00 GMT, followed by a press conference at 15:15 GMT.
- United Kingdom: BoE’s Carney is set for a speech at 15:30 GMT.
- Auction: the U.S. will auction 10-year note at 18:00 GMT.
