Central Banks Gear Up for Rate Decisions as Inflation Data Looms

The coming week is expected to be one of the busiest in the year for financial markets. Multiple central banks will make key decisions on interest rates, and investors will receive crucial inflation data from the US.

The Bank of Japan (BoJ), US Federal Reserve, and Bank of England (BoE) are all set to announce their respective interest rate decisions. Markets expect these decisions to be largely in line with current expectations, but any deviation could have significant implications for asset prices.

The US personal consumption expenditure (PCE) inflation report is also due out on Thursday. The expected numbers show headline PCE falling by 0.1% month-on-month and easing to 3.6% annually. Core PCE is forecast to rise 0.1% in June, but ease to 3.3% annually.