Policy

23 July 2026
ING: ECB Seen Holding at 2.25%, September Hike Priced as Oil Lifts Inflation Expectations

ING expects ECB to hold 2.25% now; September hike likely as oil rises; markets price ~23bp.

23 July 2026
Euro steadies before ECB decision as oil lifts Canadian dollar and equities ease

Markets eye ECB rate decision; euro firm, dollar weak. Oil boosts CAD; metals pull back; equities dip.

23 July 2026
Singapore June CPI undershoots forecasts, fuelling bets on MAS easing and a softer Singdollar

Singapore CPI rose 1.9% in June, below 2% forecast, boosting bets on MAS easing, weaker SGD.

23 July 2026
Australia participation rate hits 67% in June, bolstering AUD and reinforcing hawkish RBA stance

Australia’s June participation rose to 67%, beating forecasts, reinforcing labour resilience and supporting a hawkish RBA.

23 July 2026
US Treasury 20-year auction yield rises to 5.163%, signalling higher long-term borrowing costs

US Treasury’s 20-year bond auction cleared at 5.163%, up from 4.927%, signaling higher borrowing costs.

23 July 2026
Russia PPI accelerates to 10.5% in June, fuelling rate hike expectations and rattling rouble traders

Russia PPI rose 10.5% in June, boosting hawkish rate expectations; traders eye swaps, NDFs, energy futures.

23 July 2026
Russia’s June PPI slips 0.1%, fuelling expectations of easing bias from central bank

Russia’s PPI fell 0.1% in June, signaling cooling inflation and potential easing; traders eye bond gains.

23 July 2026
Standard Chartered sees July Politburo prioritising fiscal execution over fresh stimulus, with monetary policy ancillary

Economists expect July Politburo to prioritize executing existing fiscal plans, with limited new stimulus and targeted infrastructure.

22 July 2026
US mortgage applications rebound 1.9%, signalling resilient housing demand and higher-for-longer rate risks

Mortgage applications rose 1.9% week ending July 17, signaling resilient housing demand and higher-for-longer rates outlook.

22 July 2026
UK DCLG house price growth slows to 2.7% in May, fuelling easing bets and sterling pressure

UK DCLG House Price Index growth slowed to 2.7% in May, signaling cooling market, rate-cut trades.

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