Next week, the main focus will be inflation and the labour market in the Eurozone.
We expect services inflation to be impacted by the easter effect, while the unemployment rate to be unchanged. In the UK, the Bank of England CFO survey will likely show further inflation progress. Eurozone: Services inflation expected to come in higher in March Next week’s eurozone data will focus on both inflation and the labour market.
UK: Bank of England CFO survey to show further inflation progress The Bank of England has said it is watching services inflation and wage growth to guide policy this year, but we also know it pays close attention to its in-house survey of Chief Financial Officers. This has been pointing to less aggressive expectations of price rises among companies, but wage growth expectations have been stuck at around 5% for some time.
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