Week Ahead 19 February 2024

The key economic data set to be released this week is the preliminary PMI data for February. In January, the US composite PMI reached a six-month high, while Japan, India, and the UK also saw improvements in the survey data. This month’s PMI data will be closely watched for evidence of any decline in price pressures. Additionally, it will help assess whether the recent Red Sea attacks had an impact on supply chains.

The Central Bank of Turkey is expected to maintain its one-week repo rate at 45% for the first time. Since the elections in May, the central bank of Turkey has increased rates by 3650 basis points. 

Download The Economic Calendar for 19-26 Feb