Market Outlook for the Week of 12th - 16th February ...Middle East

The upcoming week will be packed with economic events, but it will start with bank holidays in Japan and China due to the National Foundation Day and the Spring Festival, respectively. On Tuesday, New Zealand will release its inflation expectations quarter-on-quarter (q/q) data. Last month, two-year ahead inflation expectations declined to 2.76%. While this remains above the Reserve Bank of New Zealand's (RBNZ) 2% target, short-term expectations have seen a more pronounced drop, but long-term expectations (5 years ahead) have been much stickier. The continued strength in domestic inflation remains a concern for the RBNZ so the bank will closely monitor this survey to assess if the downward

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