Week Ahead: ECB Meeting; SVB Fallout; U.S. CPI, UK Budget; Chinese Data; OECD Outlook

Key Macro Events

🇨🇳 Chinese Premier Li Qiang is expected to meet the press after the closing of the National People’s Congress. Appointed over the weekend along with other top officials, Li will share his view on implementing social-economic policies amid growth slowdown – Nikkei (13)

🇺🇸 🇰🇷 The US and South Korea are scheduled to hold their Freedom Shield exercises. Through March 23 – Bloomberg (13)

🇺🇸 🇬🇧 🇦🇺 US President Joe Biden meets with UK Prime Minister Rishi Sunak and Australian Prime Minister Anthony Albanese in San Diego, California – Bloomberg (13)

🇺🇸 Silicon Valley Bank branches will reopen Monday for insured depositors to access to their funds – Bloomberg (13)

🇬🇧 Bank of England policy maker Swati Dhingra speaks as a panellist at the Asian Voice in association with Royal Air Force International Women’s Day event – Bloomberg (13)

🇪🇺 EU, Brussels unveils its Net Zero Industry Act as part of its wider Green Deal Industrial Plan, loosening rules on state aid and potential EU-level subsidies – FT (14)

🇪🇺 EU, Economic and Financial Affairs Council (Ecofin) meeting in Brussels of all finance ministers from member states – FT (14)

🇮🇹 Italy Istat Releases the Monthly Economic Note – Bloomberg (14)

🇺🇸 February CPI (14)

🇺🇸 Fed Governor Michelle Bowman discusses innovation within the US banking industry at an event in Honolulu hosted by the Independent Community bankers Association – Bloomberg (14)

🇯🇵 The government of Prime Minister Fumio Kishida holds a tripartite meeting with representatives of businesses and labor unions to coincide with the announcement by large corporations of pay raises for the year starting April – Nikkei (15)

🇯🇵 The Bank of Japan will announce the outright purchase amount of government securities – Bloomberg (15)

🇨🇳 February industrial production, retail sales and jobless rates (15)

🇳🇱 Provincial Elections (15)

🇬🇧 UK Chancellor of the Exchequer Jeremy Hunt’s annual budget – Bloomberg (15)

🇬🇧 UK, a TUC-led national day of action timed to coincide with chancellor Jeremy Hunt’s Budget speech. As well as junior doctors and Amazon staff, over 70,000 members of the Universities and College Union begin three days of industrial action over pay, pensions and working conditions – FT (15)

🇺🇸 February PPI (15)

🇺🇸 February Retail Sales (15)

🇬🇧 UK Office for Budget Responsibility briefs on the Treasury’s annual budget statement – Bloomberg (16)

🇷🇺 Russia, president Vladimir Putin is due to address the plenary session of the Russian Union of Industrialists and Entrepreneurs – FT (16)

🇺🇸 February Housing Starts and Building Permits (16)

🇪🇺 ECB Meeting (16)

🇺🇸 Janet Yellen appears before the Senate Finance Committee – Bloomberg (16)

🌎 OECD interim economic outlook report (17)

🇬🇧 UK BOE releases Ipsos inflation attitudes survey (17)

🇷🇺 Central Bank Meeting (17)

🇺🇸 February Industrial Production (17)

Earnings

Previews

Focus on U.S. Economic Calendar

Top 10 Macro/Financial Charts of the Previous Week – w10

What happened in the World Economy last Week – in charts – w10 (Bloomberg)

*Note: Previous reports can be found here