Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Indonesia Plans Higher Asset Yields to Boost Rupiah and Restore Investor Confidence 
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures 
RBA Expected to Hold Interest Rates at 4.35% as Markets Watch AUD/USD and ASX 200 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
ASX Proposes New Share Dilution Limits for Public Takeovers 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated 
BOJ Raises Interest Rates to 31-Year High, Signals Strong Focus on Inflation Risks 
Oil Prices Ease as Markets Weigh U.S.-Iran Peace Deal and Strait of Hormuz Reopening 
Yen Near 40-Year Lows Despite BOJ Rate Hike, Markets Brace for Possible Intervention 
Australia Eases Capital Gains Tax Reforms to Support Small Businesses and Startups 
The Reserve Bank of India (RBI) is widely expected to keep its repo rate unchanged at 5.50% on Wednesday, but chances of another rate cut have risen after the U.S. imposed steep tariffs on Indian exports last week. According to a Reuters poll conducted July 18–24, 44 of 57 economists see the RBI maintaining rates.
The new 25% tariff has heightened concerns over economic growth, with ANZ Research noting it adds a “growth shock” to an already fragile outlook. Both growth and inflation are projected to fall short of the RBI’s forecasts. The central bank delivered a surprise 50-basis-point cut in June and shifted to a neutral stance, signaling future moves will be data-driven.
India’s manufacturing PMI rose to 59.1 in July, its fastest pace in 16 months, but business confidence sank to a three-year low on competitive and inflationary pressures. Retail inflation eased to 2.10% in June, a six-year low near the RBI’s lower tolerance limit, with July inflation expected to hit a record low.
Barclays’ India chief economist Aastha Gudwani said the low inflation backdrop supports easing but may not justify a fourth straight cut. Nomura raised its probability of an August cut to 35% from 10% but maintained that the bar remains high after June’s move.
RBI Governor Sanjay Malhotra has stated the inflation battle is “won” but the “war” continues, with policy guided by growth and inflation outlooks. Markets are not pricing in a rate cut, though a surprise move could trigger a rally. Traders are also watching for a possible revised liquidity framework announcement alongside the policy decision.
