Welcome to Monday's recap of what was interesting in the last trading week, and what we'll be focusing our attention on this week.
The CNB surprised the markets! For the last time...
Read on to find out more!
At the end of the week, we got the latest global manufacturing PMI (Purchasing Managers' Index) data, which came in even worse than expected.
Over the past week we have been receiving a number of interesting figures, mostly relating to UK inflation and retail sales.
Consumer inflation rose by 0.7%. This continues to confirm stronger price pressures. There is nothing here to distract the BOE from further and more persistent policy tightening.
- CPI (monthly) - current: 0.7% / previous: 2.5%
On Wednesday and Friday, Fed Chairman Jerome Powell testified before the Economic Committee in Washington about the economic outlook and recent monetary policy actions.
The most interesting event of last week was the Czech National Bank's interest rate decision.
It surprisingly raised the rate by 125 basis points on Wednesday afternoon.
And what's in store for the current trading week?
This week we turn our attention to Wednesday and Thursday's GDP data coming out of the US, UK and Canada.
We can expect an onslaught of speeches by central bank speakers throughout the week or so, who will be in the spotlight.
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