Economic news this week: Fed, ECB, and BOJ speeches; EU, Japan Inflation, U.S. durable goods orders
This week brings speeches by the heads of central banks in the U.S., Europe and Japan, while trade, inflation and other data releases will shed light on the health of a number of large economies.
MONDAY: European Central Bank President Mario Draghi will deliver his quarterly testimony to the European Parliament’s economic and monetary affairs committee. The ECB’s policies have come under increasing fire in Germany since the central bank announced a boost to its stimulus in March, including interest-rate cuts and an acceleration of its bond purchases.
Brazil’s central bank will release current-account data for August showing how the country performed in its dealings with other nations. This has been a rare bright spot in Brazil’s economy, as a weakened currency and anemic internal demand curbed imports, leading to strong trade surpluses this year.
Bank of Japan Gov. Haruhiko Kuroda will speak to executives in Osaka and is set to make the case for the central bank’s recent decision to target the interest rate on 10-year government bonds at zero, an approach to monetary policy rarely seen. He also will speak at a Japan Securities Dealers Association conference on Thursday.
