Monday (2026-03-16)
The week starts with data on inflation in Canada, which will be published at 13:30 (Warsaw time). Key indicators are Trimmed CPI y/y, CPI m/m, and Median CPI y/y. Forecasts for the first two indicators predict they will remain at 2.4%, while CPI m/m is expected to rise to 0.7%. This data is significant as it may influence the Bank of Canada's monetary policy decisions, especially in light of recent employment indicators in Canada that were below expectations. Stability in inflation may suggest that the central bank will not rush to raise interest rates, which in turn could affect the strength of the Canadian dollar.
Tuesday (2026-03-17)
Tuesday's events will focus on Australia, where at 04:30 (Warsaw time) the RBA will announce its interest rate decisions and its statement on monetary policy. The forecast predicts an increase in the interest rate from 3.85% to 4.10%. This decision may be a response to persistent inflationary pressure and an attempt to strengthen the Australian dollar. At 05:30 (Warsaw time), there will be an RBA press conference that will provide additional information on the future path of monetary policy. Investors will pay attention to the tone of the statements and any hints regarding future actions.
Wednesday (2026-03-18)
Wednesday is a day full of important events, starting with PPI m/m and Core PPI m/m data in the USA at 13:30 (Warsaw time). Forecasts indicate a decrease in both indicators to 0.3%, which may suggest declining inflationary pressure. At 14:45 (Warsaw time), the Bank of Canada will announce its decision on the overnight rate, which is expected to remain at 2.25%. An important point of the day will also be the FOMC decisions in the USA. It is expected that interest rates will remain unchanged at 3.75%, which aligns with the current market sentiment indicating a 98.1% probability of maintaining current levels. In the evening, we will also learn about New Zealand's GDP data, where a decrease from 1.1% to 0.4% is forecasted, which may impact the New Zealand dollar.
Thursday (2026-03-19)
Thursday begins with events in Japan, where at midnight (Warsaw time) the Bank of Japan will announce its monetary policy decision. No changes in interest rate policy are expected, which should remain below 0.75%. Then, at 01:30 (Warsaw time), Australia will publish employment data. The unemployment rate is expected to remain at 4.1%, with an employment increase of 20.3 thousand jobs. In the United Kingdom, at 08:00 (Warsaw time), we will learn about the change in the number of jobless claims, where forecasts indicate a slight decrease to 24.5 thousand.
Another important event is the Swiss National Bank's decisions at 09:30 (Warsaw time), where no changes in interest rates are expected, but attention will be drawn to the press conference and any signals regarding future policy. In the United Kingdom, at 13:00 (Warsaw time), we will learn about the official interest rate decision, where no changes are expected, but attention will be drawn to the voting distribution in the MPC committee.
In the USA, at 13:30 (Warsaw time), data on unemployment claims will be published, with a slight forecast increase to 215 thousand. At 14:15 (Warsaw time), the European Central Bank will announce its interest rate decision, where no changes are also expected. The ECB press conference at 14:45 (Warsaw time) will provide more information on the future monetary policy in the eurozone.
Friday
Friday does not contain significant macroeconomic publications in the context of the provided schedule, giving investors a chance to reflect on the events of previous days and prepare for the upcoming weeks. It is worth paying attention to potential market reactions to the week's events, especially regarding central bank decisions and macroeconomic data that may influence investor sentiment.
In summary, the upcoming week promises to be dynamic, with key interest rate decisions in Australia, the USA, Japan, Switzerland, and the United Kingdom. Macroeconomic data from Canada, the USA, Australia, and New Zealand will also significantly impact financial markets. Investors should pay attention to any signals regarding future monetary policy and market reactions to these events.