Central banks will be in the spotlight this week, with monetary policy decisions due in Japan and Australia on Tuesday, then in the US and UK on Wednesday and Thursday respectively. All eyes will be on the Fed following last week's hotter than expected inflation figures, with investors likely to focus on the latest projections and the dot plot, which will show where Fed officials see interest rates going over the coming years. The Bank of Japan (BOJ) decision on Tuesday will also be eagerly anticipated, especially after Japan's biggest union reported much stronger wage negotiations on Friday. Here in New Zealand, we'll get the gross domestic product (GDP) report for the December 2023 quarter, which could have an impact on where the Official Cash Rate is headed and when. Buckle up!