According to Bloomberg, multiple central banks worldwide will announce interest rate decisions this week, alongside significant economic data releases. The U.S. is set to release second-quarter core PCE price index data, along with reports on August new home sales, second-quarter GDP and revisions, weekly unemployment claims, and durable goods orders.Canada’s July GDP data is expected to signal weak third-quarter growth, while the Organization for Economic Cooperation and Development (OECD) will unveil new economic forecasts on Wednesday. Central banks in Switzerland and Sweden may reduce interest rates, while the Reserve Bank of Australia is expected to hold rates steady.In Eastern Europe, both the Hungarian and Czech central banks are expected to cut interest rates by 0.25 percentage points this week. Meanwhile, the eurozone and the UK will release preliminary September purchasing managers’ index data, and Germany's Ifo business confidence index is expected on Tuesday.France and Spain will release inflation data on Friday, with both nations expected to report inflation levels falling below 2%. Central banks across Africa will also announce rate decisions, while Zambia’s finance minister is scheduled to provide a detailed policy roadmap.In Latin America, Brazil’s employment data is anticipated to show continued tightness in the labor market, with medium-term inflation nearing the upper target limit of the central bank. The Brazilian central bank is expected to reduce interest rates by 0.25 percentage points, with some analysts suggesting a larger 0.5-point cut may occur.
Weiliang
Cointelegraph