Image Source: PixabayGlobal Macro and Markets
The minutes of the Bank of Japan’s April meeting have been released. They viewed that further interest rate hikes, a reduction in the size of government bond purchases, and changes to the size of other asset purchases should be discussed. While a rate hike is unlikely at the June meeting, the BoJ could harden its hawkish stance, paving the way for another rate hike in 3Q24.
What to look out for: China’s trade report and Philippine GDP
Philippines GDP (9 May)
China trade (9 May)
UK BoE policy (9 May)
US initial jobless claims (9 May)
US industrial production and Univ of Michigan Sentiment (10 May)
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