European Central Bank policymaker Villeroy de Galhau said that there is “excessive volatility” in the market’s view of the terminal rate.
The British government and EU officials have reportedly made significant progress in resolving issues related to the Northern Ireland protocol.
British Prime Minister Sunak is reportedly considering a 5% pay hike for public sector workers to end their strike actions.
Germany’s February ifo Business Climate Index 91.1 (expected 91.4; last 90.1). February Current Assessment 93.9 (expected 95.0; last 94.1) and Business Expectations 88.5 (expected 88.3; last 86.4). February CPI 1.0% m/m, as expected (last -0.8%); 8.7% yr/yr, as expected (last 8.1%)
France’s February Business Survey 104 (expected 103; last 103)
Italy’s January CPI 0.1% m/m (expected 0.2%; last 0.3%); 10.0% yr/yr (expected 10.1%; last 11.6%)
Swiss February ZEW Expectations -12.3 (last -40.0)