It will be a week full of events in the financial markets. The highlights will be the Bank of England meeting, the rate decisions of the Reserve banks of Australia and New Zealand. Important releases of economic reports on the USA or Eurozone are not expected.
Monday, February 5. Markit Services PMI report is published. It will show Brexit influence on the UK economy.
Tuesday, February 6. The Reserve Bank of Australia rate decision is released. The central bank is expected to keep its lowest rate of 1.5% for the sixteenth time in a row. There will also be published the reports on retail sales and trade balance in Australia. Besides, there will be published the data on New Zealand employment change for the fourth quarter, monthly report on Canada’s international merchandise trade and PMI.
Wednesday, February 7. The Reserve Bank of New Zealand rate statement is released. Experts expect RBNZ to keep the present rate at the current lowest level of 1.75% for the eighth time in a row. Besides, on Wednesday, monthly report on building permits in Canada is published.
Thursday, February 8. The Bank of England interest rate decision is published, as well as the Bank of England quarterly inflation report, followed, there will be the BoE Governor Mark Carney’s press-conference. The report on China’s trade balance is published the same day.
Friday, February 9. The Reserve Bank of Australia publishes its monetary policy statement, where the central bank will provide detailed information on the projections of the county’s economy growth. Besides, there will be the data on the China’s consumer price index and producer price index will be published the same day, as well as the report on the Canada’s employment for January.