Headlines the Economic Calendar on Thursday

Headlines the Economic Calendar on Thursday

1.Turkey Interest Rate Decision

Turkey Central Bank is going to announce its monetary policy today. Most economists expect the Central Bank of Turkey to deliver a 50bp rate cut. The Turkish lira's reaction will depend on whether the CBT over-delivers versus market expectations.

2. ECB Publishes Account of Monetary Policy Meeting  

In the Eurozone, the minutes of the European Central Bank (ECB) meeting due Thursday is expected to provide investors with an insight into the European central bank’s thinking on monetary policy.

The European Central Bank kept monetary stimulus unchanged at President Christine Lagarde’s first policy meeting. Lagarde said she is different from her predecessor, Mario Draghi.

3. US Retail Sales

The US Commerce Department will report December retail sales numbers today.. Economists predict that retail sales rose by 0.3% last month. On the other hand, Core retail sales, which exclude autos, are expected to have risen by 0.5%. A higher than expected reading should be taken as positive for the greenback.

4. US Philadelphia Fed Manufacturing Index

U.S Philadelphia Fed Manufacturing Index for January will be closely followed by traders. The data measures the relative level of general business conditions in Philadelphia. It is expected to an outcome of 3.8.

16 Jan 20 (Thu)

06:34 am



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