At the ecb news forex analysis of each trading session, you will receive an email with the author’s new posts. You won’t receive any more email notifications from this author. A combination of economic data and monetary policy will dominate the headlines on Thursday. French inflation data will kick off the economic calendar on Thursday.
The report, which is scheduled for 06:45 GMT, is expected to show a strong pickup in consumer price growth in March. The headline reading will likely show 1. However, the annual rate will likely hold at 1. The European Commission’s statistical agency will release the latest factory data at 09:00 GMT. Industrial production across the 19-member Eurozone is forecast to rise 0. In annualized terms, this translates into a gain of 3.
The ECB will release its monetary policy meeting accounts at 11:30 GMT, giving investors more insight into the most recent interest rate decision. Officials have remained on the sidelines in recent months as the euro area recovery engine continues to pick up steam. The central bank has already shifted course on its policy trajectory by announcing cuts to its record stimulus program. In doing so, it joins the US Federal Reserve and Bank of Canada in beginning to normalize monetary policy. ECB Executive Board member Benoit Coeure will deliver a speech at 12:15 that will be closely monitored by currency traders. Shifting gears to North America, the Labor Department will report on initial jobless claims at 12:30 GMT. North of the border, the Canadian government will also release its latest housing price index for new properties.