Summary of the most interesting economic events from the trading week of May 16-22, 2022

Welcome to our regular review of the most important economic events from the last trading week.

Markets globally expect central banks to raise rates to bring inflation under control.

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Just on Monday, the European Commission published its economic forecast for 2023, where we could read about a reduction in the economic growth forecast.

Later in the week, the ECB published the minutes of its monetary policy meeting, in which members expressed concern about high inflation.


The British pound strengthened slightly last week, thanks to intensifying global pressure on interest rate hikes and an improving labour market.


Earlier in the week, we watched a speech by FOMC member Williams, who confirmed that a 50 basis point hike is meaningless in the upcoming meetings.


After several record years, housing markets in many parts of Canada have cooled off sharply over the past two months.


On Tuesday we saw the minutes of the BOA meeting on monetary policy.

the meeting shows that the RBA will want to hike by 25 basis points at the next meeting.

The Australian economy was supported by household and business balance sheets and its resilience was particularly evident in the labour market.

And what's in store for the current trading week?

Wednesday will be marked by interest rates in New Zealand. It is expected that the RBNZ will want to raise the base rate by 50 basis points This will certainly be encouraging for the NZD and could bring enough volatility to the New Zealand currency.

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