From Yahoo Finance: 2025-04-12 16:00:00

The G7 monetary policy decisions in response to Trump’s trade war may vary. The Bank of Canada may hold rates steady to combat inflation from tariffs, while the ECB is expected to cut rates. Trump’s tariffs cause volatility and uncertainty, prompting global market concerns. ECB President Lagarde hints at potential risks.

Canada faces a trade-off with Trump’s tariffs impacting the economy but inflation rising. ECB likely to cut rates, while South Korea and Turkey maintain rates. China’s economy shows signs of slowing before US tariffs. Inflation data from India, New Zealand, and Japan to be released. UK reports focus on price pressures.

Fed Chair Powell to speak on economy amid trade tensions. Retail sales expected to rise due to tariff fears. Vehicle sales increase before Trump’s auto tariff hike. Industrial production and housing starts data expected. China retaliates against US tariffs, calling them a “joke.” Singapore and South Korea rate decisions ahead.

Argentina achieves fiscal surplus under President Milei. IMF agrees to $20 billion deal. Peru’s economy grows faster than expected. Colombia’s economy gains momentum. Namibia, Botswana, Turkey, Egypt, Ukraine rate decisions await. ECB, China, India, New Zealand, and UK data releases on the horizon.

Read more: Central banks prepare first G-7 responses to US chaos