Global markets await BoJ decision and UK Budget

Financial markets are bracing for a week of significant economic announcements, headlined by the Bank of Japan’s (BoJ) monetary policy decision on Friday. While the BoJ is widely expected to maintain its current policy rate, investors are closely monitoring Governor Kazuo Ueda for signals regarding a potential rate hike in December, especially as recent inflation data shows core inflation accelerating.

In the United Kingdom, attention is focused on the upcoming annual Budget, where fiscal decisions regarding taxes and spending are expected to influence the British Pound. Meanwhile, the United States will see major activity with the FOMC meeting, durable goods orders, and advance GDP figures.

Other key global events include monetary policy decisions from the European Central Bank (ECB), the Bank of Canada, and the Reserve Bank of New Zealand (RBNZ), alongside inflation data releases from Australia and Japan.