
Last week’s flurry of monetary policy meetings leaves a fairly quiet week ahead. Several Fed, ECB and BoE speakers are nevertheless scheduled to speak, including Powell, Rosengren, Lagarde, Rehn and Bailey. Banxico and the RBNZ are the only central banks set to announce on interest rates. The NBP will publish its updated Inflation Report.
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Last week’s flurry of monetary policy meetings leaves a fairly quiet week ahead. Several Fed, ECB and BoE speakers are nevertheless scheduled to speak, including Powell, Rosengren, Lagarde, Rehn and Bailey. Banxico and the RBNZ are the only central banks set to announce on interest rates. The NBP will publish its updated Inflation Report.
Inflation and GDP data will take center stage over the coming week. CPI releases are due in the US, China, Mexico, India and several European countries. On GDP, the UK’s Q3 release comes as England is in the midst of a second lockdown leaving the expected bounce as short lived. Russia, the Philippines and Malaysia will also release Q3 GDP. Eurostat will publish its second release for Q3 GDP plus September IP. German’s latest ZEW survey will be the more important update given the flood of recent restrictions across Europe.
In China, exports growth likely slowed from recent highs. Credit extension probably also eased back given the Golden Week holiday.
Aside from inflation, the data calendar in the US is fairly light with the NFIB small business survey, job openings and the University of Michigan survey the only other notable releases.
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