Money News Overview Monday 9th September: Focus will shift to this week’s ECB policy announcement

Today's economic calendar is quiet, with no major data releases. Attention shifts to Thursday for the first significant report of the week, when the U.S. will release the Consumer Price Index (CPI) report, the first since the Federal Reserve cut rates by 50 basis points last month.

A quiet start to the week with only the EU Sentix figures and US Consumer Credit.

Focus then quickly shifts to tomorrows German CPI and the UK Employment figures.

Employment in the UK is expected to show a decline in the average earnings, falling from 5.4 percent down to 5.1 percent.

On Wednesday, UK growth figures are due and are expected to show a positive reading from zero to 0.2 percent.

UK industrial production will also be closely watched, along with the US CPI figures later in the afternoon.

The main event of the week will be the ECB’s Interest rate announcement on Thursday.

It is widely expected that the ECB will cut the interest rate down from 4.25 percent to 3.65 percent.

The comments that follow will be closely watched for any signs of future rate cuts and clues into policy guidance.


For additional insights on how this could affect your business or to capitalise on market volatility – please reach out to speak to one of our experts.

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