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13 Mar 2015
Euro area focus for the week ahead – Goldman Sachs
FXStreet (Barcelona) - The Goldman Sachs Team previews the key events and data releases in the euro-area for the week ahead – UK annual budget, MPC minutes, Norges bank rate decision and Euroarea HICP release.
Key Quotes
“Next week, on Wednesday the UK government will set out its annual Budget, together with the Office for Budget Responsibility’s (OBR) bi-annual Economic and Fiscal Outlook. Reflecting recent positive news on economic activity and public sector borrowing, we expect the OBR to revise its growth forecasts higher and its borrowing forecasts lower.”
“The Minutes of the MPC meeting will also be released on the same day next week.”
“Norges Bank's policy rate decision will be released on Thursday next week. We expect further easing on the back of the fall in oil prices since December.”
“The February final estimate for Euro area HICP inflation is released on Tuesday. Annual Euro area inflation rose from -0.6%yoy in January to -0.3%yoy in February, according to the Flash estimate”
Key Quotes
“Next week, on Wednesday the UK government will set out its annual Budget, together with the Office for Budget Responsibility’s (OBR) bi-annual Economic and Fiscal Outlook. Reflecting recent positive news on economic activity and public sector borrowing, we expect the OBR to revise its growth forecasts higher and its borrowing forecasts lower.”
“The Minutes of the MPC meeting will also be released on the same day next week.”
“Norges Bank's policy rate decision will be released on Thursday next week. We expect further easing on the back of the fall in oil prices since December.”
“The February final estimate for Euro area HICP inflation is released on Tuesday. Annual Euro area inflation rose from -0.6%yoy in January to -0.3%yoy in February, according to the Flash estimate”