The United Kingdom and the United States will have a particularly busy week ahead, with each country releasing their CPI data along with other reports. For more details, please read on below:
Event: BoJ Interest Rate Decision – Japan
Date: February 18, 2014
Time: 3:00am (GMT)
What It Is About and Why It’s Important
The Bank of Japan (BoJ) is expected to maintain rates at 0.1%. However, also watch out for the BoJ’s monetary policy statement during the same time for an insight into how they came up with the interest rate decision.
Event: CPI/Core CPI (MoM/YoY, Jan) – United Kingdom
Date: February 18, 2014
Time: 9:30am (GMT)
What It Is About and Why It’s Important
The UK’s CPI data is expected to be a mix bag as it’s seen to grow by 2% over the past 12 months, although a contraction by 0.6% is expected compared to the previous month. Meanwhile, the Core CPI is expected to grow by 1.9% over the past 12 months.
Event: ZEW Survey – Economic Sentiment (Feb) – Germany
Date: February 18, 2014
Time: 10:00am (GMT)
What It Is About and Why It’s Important
Economic sentiment in Germany is expected remain flat at 61.7 in February.
Event: BoE Minutes/MPC Vote – United Kingdom
Date: February 19, 2014
Time: 9:30am (GMT)
What It Is About and Why It’s Important
The minutes will provide an account on how the Bank of England (BoE) came up with its interest decision two weeks prior. In addition, information on the Monetary Policy Committee’s votes will also be released at the same time.
Event: ILO Unemployment Rate (3M, Dec) – United Kingdom
Date: February 19, 2014
Time: 9:30am (GMT)
What It Is About and Why It’s Important
The report provides information on the level of unemployment in the UK, which is currently at 7.1%. The number is expected to remain flat in December.
Event: FOMC Minutes – United States
Date: February 19, 2014
Time: 7:00pm (GMT)
What It Is About and Why It’s Important
The minutes of the FOMC’s meeting will be released on Wednesday, which would provide an insight into their outlook of the US economy.
Event: CPI reports (MoM/YoY, Jan) – United States
Date: February 20, 2014
Time: 1:30pm (GMT)
What It Is About and Why It’s Important
The US will release a number of CPI-related data, including its CPI for January, which is expected to grow by 1.5% over the past 12 months, and by 0.1% over the previous month. Meanwhile, CPI Ex Food and Energy is seen to grow by 1.6% over the past 12 months, and by 0.2% compared to the previous month.
Event: BoJ Monetary Policy Meeting Minutes – Japan
Date: February 20, 2014
Time: 11:50pm (GMT)
What It Is About and Why It’s Important
The event will provide a look into the BoJ’s meeting wherein members review economic developments in and out of the country.
Event: CPI reports (MoM/YoY, Jan) – Canada
Date: February 21, 2014
Time: 1:30pm (GMT)
What It Is About and Why It’s Important
Canada’s CPI is expected to grow by 1.3% over the past 12 months in January. Meanwhile, the Bank of Canada sees a growth of 0.1% over the previous month in the country’s Core CPI.
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