Global Rate Limbo Reigns After 150 Days of Trump
From Yahoo Finance: 2025-06-15 14:51:00
Multiple central banks are expected to keep interest rates unchanged to monitor the impact of trade disruptions caused by President Donald Trump. The OECD cut global economic growth forecasts due to protectionism contributing to consumer-price pressures. The Bank of Japan may hold off on a rate move, while other central banks are anticipated to keep borrowing costs steady. The focus will be on the Federal Reserve’s decision amid policy uncertainties.
In the US, economic data will include retail sales, housing starts, and industrial production figures. Concerns are rising about consumer sentiment impacting household demand. Canada will host the G-7 summit, with the Bank of Canada providing insights into future rate paths. Population estimates and retail data will reveal responses to trade tensions.
Central banks in Asia are expected to keep rates steady amidst trade policy uncertainty. China and Japan will release economic data, while Pakistan and Indonesia are likely to maintain rates. China will release key economic indicators, with Japan reporting on exports and consumer prices. India, Singapore, Malaysia, and Taiwan will also share trade data.
In Europe, the Bank of England will announce its rate decision, with concerns about inflation and growth amid global tensions. Sweden, Norway, Namibia, and Switzerland are expected to make rate decisions. Botswana may cut borrowing costs, while Turkey is likely to hold rates steady. Euro-area data and central bank appearances will provide further insights.
Latin America will see GDP data releases for Peru, Brazil, and Colombia. Chile’s central bank is expected to keep rates steady. Brazil may maintain borrowing costs following the May inflation report. Economic momentum is being closely monitored in the region.
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