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THREAD: 1/ Central banks may soon be back saving the world economy beset by an escalating trade war. They’ll have an opportunity to show their scope this week, @simonjkennedy says bloom.bg/2HQ2AWE
2/ Thursday’s meeting of the ECB is set to flesh out plans for a new round of long-term loans to banks. Bloomberg Economics reckons the interest rate on part of the loans could be as low as the -0.4% deposit rate bloom.bg/2HQ2AWE 
3/ The ECB’s Governing Council will get a few last-minute pieces of data as it makes a final assessment, including PMIs and inflation figures for May. The latter is expected to show price growth slowing again as April’s Easter-fueled boost fades bloom.bg/2HQ2AWE
4/ Fed officials are gathering in Chicago on Tuesday to discuss how they set monetary policy. That longer run focus may be overshadowed by nearer term needs, with JPMorgan among the banks now predicting the Fed will cut rates this year bloom.bg/2MpTbtd
5/ Friday sees the release of the U.S. jobs report, with Bloomberg Economics predicting a payrolls increase of 205,000. “The breadth of payroll gains will signal whether trade tensions are starting to extract a larger toll on domestic economic activity,” BE’s @Riccanomix says
6/ The central banks of Australia and of India are likely to cut interest rates when their policy makers gather on Tuesday and Thursday respectively, according to Bloomberg Economics bloom.bg/2HQ2AWE
7/ Another central bank with a tricky task ahead is the Bank of England, which is seeing no end to the Brexit uncertainty. For candidates who want to take on that challenge, the closing date for applications to succeed Mark Carney as governor is Wednesday bloom.bg/2HQ2AWE
8/ If all the central bankers want to compare notes they will have a chance to do so when those from the Group of 20 convene this week in Tokyo along with their countries’ finance ministers bloom.bg/2HQ2AWE
9/ The Middle East heads into the Eid Al-Fitr holiday, with major markets closed for much of the week. Turkish inflation data on Monday should show the pace of price increases slowing slightly to 19.25% from 19.5%, still nearly quadruple the central bank’s target
10/ On Tuesday, South Africa will report an economic contraction in the first quarter, with annualized GDP falling 1.6%, according to economist estimates bloom.bg/2HQ2AWE
11/ Concerns are mounting that Brazil is headed for recession after a the economy shrank in the first quarter. Economists will be looking out for signs of additional weakness in industrial production numbers for April and inflation data for May bloom.bg/2HQ2AWE
12/ Mexico inflation for May will also be in the spotlight on Friday as traders assess how the central bank will handle the uncomfortable mix of a weaker economy and persistent inflation risks bloom.bg/2HQ2AWE
