Key Macro Events 23-27 February
These are the Key Macro Events for the upcoming week.
Eurozone –The European Commission’s economic confidence index is expected to continue edging higher, driven by firming consumer confidence and the ongoing recovery in the manufacturing sector. Flash readings for HICP inflation are due out for various countries on Friday (the eurozone aggregate will come out the following week). Headline inflation is expected to move around 0.1pp higher due to the recent pickup in oil prices, but core inflation should hold broadly steady.
China – We expect the 1-year loan prime rate to be kept at 3.00% on Tuesday, in line with consensus. Going forward, we still expect some monetary easing in the form of mini rate cuts and cuts in bank reserve requirements ratios, but the PBoC will likely keep a gradual, piecemeal approach.
