03 February 2022
Chris Scicluna
,
Emily Nicol
- Dovish BoJ Deputy Governor Wakatabe seeks to counter speculation that global inflation surge might lead to a change in monetary policy.
- Japan’s services PMI revised up from the flash estimate.
- ECB to leave policy unchanged at Governing Council meeting; BoE MPC meeting to hike Bank Rate for the second successive meeting.
- Euro area producer price inflation expected to leap again to new high above.
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01 February 2022
Chris Scicluna
,
Emily Nicol
- Despite a leap in Japanese employment in December, it remains well down on the pre-pandemic level; manufacturing conditions also improved at the start of the year.
- Preliminary French inflation for January exceeded expectations due not least to higher fuel prices.
- German retail sales plunge in December on intensified coronavirus wave.
- UK house price inflation accelerates in the New Year.
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31 January 2022
Chris Scicluna
,
Emily Nicol
- The weekend saw Italy's Sergio Mattarella re-elected as national President for a second term, allowing Mario Draghi to remain as Prime Minister and in control of the government’s reform agenda.
- Euro area Q4 GDP figures today will confirm a sharp slowdown in growth at the end of last year, but will also see output return back to its pre-pandemic level.
- ECB and BoE monetary policy meetings of particular interest this week. UK's Bank Rate expected to be hiked for the second successive meeting to 0.5%.
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28 January 2022
Chris Scicluna
,
Emily Nicol
- Tokyo inflation eased at the start of the year as base effects from the government’s travel subsidies fell out of the calculation and underlying inflation weakened.
- French GDP rose a respectable 0.7%Q/Q in Q4 despite ongoing supply bottlenecks and the new wave of coronavirus.
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27 January 2022
Chris Scicluna
,
Emily Nicol
- Following improved German business surveys, consumer confidence also improves slightly to suggest stabilisation in economic conditions at the start of the year.
- US Q4 GDP data to confirm another quarter of above-potential growth at the end of 2021.
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