ECB Panetta Speech

In the Euro Area, benchmark interest rate is set by the Governing Council of the European Central Bank. The primary objective of the ECB’s monetary policy is to maintain price stability which is to keep inflation below, but close to 2 percent over the medium term. In times of prolonged low inflation and low interest rates, ECB may also adopt non-standard monetary policy measures, such as asset purchase programmes. The official interest rate is the Main refinancing operations rate.

Current Account Prel

62800000000

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Vehicle Sales YoY

23.5%

In China, Total Vehicle Sales refers to the number of automobiles sold in a given month.

Chinese New Year

Chinese New Year

Chinese New Year

Seollal Holiday

Chinese New Year