European Central Bank policymaker Knot said that the ECB will continue raising rates for “quite some time” after the March meeting while policymaker Visco said that he does not appreciate other members discussing a prolonged rise in rates.
Swiss National Bank President Jordan said that monetary policy remains too loose. Tiremaker Continental expects rising sales and margin improvement in 2023.
Eurozone’s Q4 GDP 0.0% qtr/qtr (expected 0.1%; last 0.3%); 1.8% yr/yr (expected 1.9%; last 2.3%). Q4 Employment Change 0.3% qtr/qtr (expected 0.4%; last 0.3%); 1.5% yr/yr (expected 1.7%; last 1.8%)
Germany’s January Retail Sales -0.3% m/m (expected 2.0%; last -5.3%); -6.9% yr/yr (expected -6.1%; last -6.4%). January Industrial Production 3.5% m/m (expected 1.4%; last -2.4%)