What will the US Federal Reserve do when it meets to discuss interest rates? The consensus is that it will leave rates unchanged, which will probably infuriate the US administration.
The Bank of Japan is set to deliver its latest interest rate decision, too. No change is expected since The Central Bank has indicated that it intends to maintain low rates until 2020.
Meanwhile, the headline inflation rate in the Land of the Riding Sun could have slipped to 0.7% in May from 0.9% the previous month. The core inflation rate could have moderated from 0.9% to 0.8%.
In the UK, the rate of inflation for May could come in at 2%. This would be slightly lower than in April, when the inflation rate was boosted by a rise in energy bills to 2.1%. That could prompt the Bank of England to leave its benchmark rate unchanged at 0.75%.
China will report its house-price index for May. In April, the average price of new homes in 70 Chinese cities increased at 10.7%, which was the fastest rate since April 2017. The increase in Guangzhou was 13.3%.
And finally, Thailand’s balance of trade could provide clues to the impact of the Sino-US trade war on southeast Asian economies. In April, Thailand’s balance of trade widened to US$1.46 billion as exports to China fell 5%, while exports to America grew 4.7%.
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