Market insights

Eurozone Interest Rate Decision Inbound - MI261023

Today sees the European Central Bank release it's interest rate decision. Analysts are expecting the central bank to keep rates static at 4% in line with a recent trend of lowering inflation numbers.

It looks like we're at a crossroads of a number of decisions by central banks. Curbing inflation, protecting the economy, and the final one on the horizon is the possibility of deflation. The main lever to control this is the base rate of interest.

An interesting end to the year.

It's a big day for the Dollar too with both durable goods orders and preliminary GDP numbers being released. For the latter the expectation is for an annualised quarter 3 growth of 4.2%.

All of the above is followed by the ECB press conference and Japanese inflation numbers in the early hours of tomorrow.

Business news is dominated by a huge pay deal by Ford. They've agreed a 25% wage hike over the next 4 and a half years with an initial 11% hike to get things moving. This should put an end to a 6 week strike that's been impacting production.

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Economic calendar

EUR: 13:15 ECB Rate Decision

US: 13:30 Durable Goods

US: 13:30 Preliminary GDP Numbers

EUR: 13:45 ECB Press Conference

JPN: Friday 00:30 Inflation Number

As ever we look forward to looking after you and please keep an eye out for our next Insight.

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