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Goldman Sachs

May 18, 2026

Global Week Ahead

Weekly UpdateMacro Economic IndicatorsRates Govt BondsOther

A weekly preview of global central bank decisions and economic indicators, focusing on Goldman Sachs' proprietary forecasts relative to market consensus.

Key Takeaways

  • 1.Central banks in Indonesia, Egypt, and Ghana are scheduled to meet this week, with Goldman Sachs holding out-of-consensus hawkish views on Egypt and Ghana.
  • 2.Goldman Sachs expects the UK Unemployment Rate to be stronger than consensus (4.8% vs 4.9%) and the UK Core CPI to be weaker (2.51% vs 2.6%).
  • 3.The team holds a significant out-of-consensus weaker view on Japan's CPI ex. Fresh Food (1.5% vs 1.7% consensus).

Table of Contents

  • Global Week Ahead: May 18 - May 24
  • Methodological Notes
  • Disclosure Appendix

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Authors

Jan HatziusJoseph BriggsSarah DongMegan Peters

Securities

Indonesia Bi-RataGhana Policy RateCentral Bank of Egypt Deposit Rate

Themes

Central Bank Policy DivergenceInflation Dynamics (CPI)

Regions

GlobalNorth AmericaEuropeUnited StatesUnited KingdomJapan