The Bank of England is expected to cut interest rates due to tax hikes and slowing hiring. The US Federal Reserve is more cautious despite higher inflation. BOE Governor predicts temporary price pressures. The UK central bank may limit gilt sales. Trade data and potential Mexico rate cut also in focus.

US and Canada see job market cracks and trade deficit narrowing. ISM surveys will provide industry insights. Central bankers’ comments and White House nominations monitored. Canada’s July jobs data and trade activity also key. USMCA agreement impact on Canadian exports noted.

Key economic readings across Asia include inflation reports and GDP updates. Trade activity insights from Vietnam and Australia. Malaysia’s industrial production data to reflect tariff uncertainty. India’s central bank expected to hold rates steady. Economic data releases from New Zealand, Singapore, and Japan.

Europe, Middle East, Africa monitor Swiss tariffs and inflation. Euro zone industrial and trade numbers expected to impact GDP data. ECB on summer break. Turkey and Sweden inflation data due. Monetary decisions from Lesotho, Czech Republic, Serbia, and Romania expected.

Latin America sees Colombia’s inflation report and Brazil’s policy meeting minutes. Brazil likely to hold policy rate steady. Banxico expected to cut rates in August. Inflation data releases from Mexico, Chile, and Colombia. Analysts predict easing in BanRep and Brazil into 2027.

Read more at Yahoo Finance: BOE Is Probably About to Cut Rates Despite a Spike in Inflation