Bank of Japan and European Central Bank have their interest rate decisions this week, followed by speeches from the two central banks leaders. In addition, significant economic indicators will be released in the week ahead, like Eurozone’s and U.K.’s inflation rates.
The first day of the week starts with Euro area’s CPI and German Buba monthly report. The consumer prices are expected to have remained stable in June versus the last month, in which they declined 0.1%. The headline CPI is expected to have kept the same pace of growth of 1.3%. Later in the day, New Zealand’s CPI for the second quarter is also coming out, while overnight, the Reserve Bank of Australia will release the minutes of the last policy meeting.
Tomorrow, a lot of economic indicators are scheduled for release. U.K. consumer price index (CPI), producer price index (PPI) and retail price index (RPI) for June are expected. The headline CPI is expected to slow down to 2.8% in June versus 2.9% the previous month. Later on, ZEW survey for the economic sentiment for the Euro area and for Germany are coming out. German economic sentiment is expected to rick lower to 17.5 in July from 18.6 before, while current conditions are forecasted to remain stable at 88.0.
Going to the U.S., export and import price indices for June are coming out, as well as NAHB housing market index which is predicted to pick up at 68 versus 67 before.
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