Economics & Growth | Emerging Markets | Monetary Policy & Inflation | US
Thursday’s ECB meeting with take center stage with President Lagarde widely expected to announce additional asset purchases under PEPP. Brazil is expected to leave rates on hold at an all-time low, as is Canada. Chile and Peru also have rate meetings while the Fed is on blackout ahead of the 16 December FOMC meeting.
Data
A packed week ahead on the data front. In DM, US CPI data will be a highlight but also watch claims, job openings, and the University of Michigan survey. In Europe, Germany’s ZEW is due and IP data will be released across the region.
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Monetary Policy
Thursday’s ECB meeting with take center stage with President Lagarde widely expected to announce additional asset purchases under PEPP. Brazil is expected to leave rates on hold at an all-time low, as is Canada. Chile and Peru also have rate meetings while the Fed is on blackout ahead of the 16 December FOMC meeting.
Data
A packed week ahead on the data front. In DM, US CPI data will be a highlight but also watch claims, job openings, and the University of Michigan survey. In Europe, Germany’s ZEW is due and IP data will be released across the region.
China will be in focus in EM with exports data, CPI, and aggregate financing all scheduled for release. Elsewhere in Asia, Taiwan will also release inflation and trade data, while India has IP due. India’s weekly reserve date out each Friday is interesting at the moment given RBI intervention. In Latam, Brazil has PPI, CPI and retail sales while Mexico has CPI and IP. Turkey’s current account will be in focus in EMEA, CPI in Hungary and the Czech Republic. And in South Africa, GDP, CPI, current account and IP.
Other
The standoff between Hungary/ Poland and the rest of the EU over the 7-year budget and EU recovery fund will reach a crunch point with the European Council meeting on Thursday/Friday to find a solution.
Caroline Grady is Head of Emerging Markets Research at Macro Hive. Formerly, she was a Senior EM Economist at Deutsche Bank and a Leader Writer at the Financial Times.
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