In the euro area, the minutes from the ECB’s December meeting are the highlight next Week, explained analysts from Danske Bank. They intend to look primarily for nuances in the assessment of the new staff projections, in particular on inflation.
“The ECB minutes from the December meeting are the highlight in the euro area next week. The meeting carried new staff projections and no batch of measures such as those at the October meeting. Hence, we intend to look primarily for nuances in the assessment of the new staff projections (including 2020), in particular on inflation. Following the decisions taken at the October meeting, the ECB has had no need to change its position just yet. We expect the next change in guidance to come only towards the summer.”
“In addition, we are due to get euro area confidence indicators and November data from both German industrial production and factory orders. On Friday, we are set to get final inflation prints from euro area countries, although only headline in the following week.”