Reply To: Traders Market Weekly: Incoming Deluge of Central Bankers

#65366
Truman
Participant

Eurozone’s July Industrial Production -1.1% m/m (expected -0.7%; last 0.4%); -2.2% yr/yr (expected -0.3%; last -1.1%)

There is renewed speculation that the European Central Bank will announce another 25-bps rate hike tomorrow after Reuters reported that the ECB’s forecast will show expectations for inflation to remain above 3.0% in 2024.
The central bank is also expected to lower its growth expectations for 2023 and 2024.

Bank of France expects Q3 growth in France between 0.1-0.2% qtr/qtr.