Team Matolcsy and Team Draghi to talk rates this week

Portfolio
A policy meeting by the National Bank of Hungary (MNB) and employment data for the first quarter of 2017 are on top of this week’s calendar of macroeconomic releases, whereas the rest of the world will keep an eye on policy decisions by the European Central Bank (ECB), Bank of Japan, and GDP data to be published in France, the United Kingdom and the United States. A special EU summit is to take place in Brussels on Saturday where the EU27 will work out the strategy for the upcoming Brexit talks.
  • USA GDP:According to the first estimate, economic growth in the U.S. slowed to 1.5% year on year in Q1 from 2.1% in Q4 2016.
  • French GDP:Growth of France remains anaemic, and is seen down at 0.3% in Q117 from 0.4% in Q416.
  • UK GDP:GDP growth is expected to come in at 0.5% yr/yr in Q1, down from 0.7% in Q416.
  • Rate meetings:Hungary’s central bank, the ECB and BoJ are all expected to keep their benchmark policy rates on hold and not to change loose monetary policy conditions.


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Front page photo by: MTI/ Tibor Illyés, MTI/EPA/Stephanie Lecocq
 

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