Headlines the Economic Calendar on Thursday

Headlines the Economic Calendar on Thursday

1. Turkey Interest Rate Decision

In Turkey, the CBRT will hold its monetary policy council meeting, There is no market consensus regarding rate hike however the Bank should continue to have the tight monetary policy until the upside risks are over on inflation view. Any surprising revision would lead to volatility in USDTRY.

2. ECB Meeting Minutes

The European Central Bank will publish the minutes of its last rate-setting meeting today. The European Central Bank kept rates unchanged in their last meeting. The meeting minutes may give a more detailed about ECB Outlook.

3. US Housing Data

US Housing Starts will be announced and it is a critical indicator of economic strength in the US. The market expects housing starts to ease to 1.658 mln from 1.669 mln.

US Building Permits as another key indicator of demand in the housing market measure the change in the number of new building permits issued by the government. It is expected to come out at 1.678 mln in January.

4. US Crude Oil Inventories

US Crude oil stocks are expected to decline by -2.429M this week. Note that oil stocks declined by -6.644M barrels in last week.

18 Feb 21 (Thu)

06:14 am



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