As January 2025 progresses, several significant economic events are slated to occur worldwide, offering insights into the health and direction of various economies.
January 20, 2025: China’s Loan Prime Rates Announcement
The People’s Bank of China is set to announce its Loan Prime Rates (LPR) for 1-year and 5-year terms. Previously, both rates stood at 3.1% and 3.6%, respectively. Stability or adjustments in these rates will influence borrowing costs and (economic activity in China).
January 21, 2025: United Kingdom’s Labor Market Data
The UK’s Office for National Statistics will release labor market statistics for November 2024, including:
- Unemployment Rate: Previously at 4.3%, with expectations of stability.
- Average Earnings Including Bonus: Prior increase of 5.2% year-on-year, indicating wage growth trends.
- Employment Change: Earlier reported an increase of 173,000 employed individuals, reflecting labor market dynamics.
January 24, 2025: Eurozone’s Consumer Confidence Index
The Eurozone will release its (Consumer Confidence) Index for January 2025. The previous month recorded a slight improvement to -17 from -18 in November. Further changes could signal shifts in consumer sentiment across member countries.
January 27, 2025: Singapore’s Treasury Bill Auctions
Singapore is scheduled to conduct auctions for 12-week and 4-week Treasury bills. The outcomes will provide insights into investor confidence and the country’s short-term borrowing costs.
January 29, 2025: Australia’s Inflation Data
The Australian Bureau of Statistics will release the Consumer Price Index (CPI) data for the fourth quarter of 2024. Previously, the annual inflation rate was 2.8%. This data will be crucial for assessing inflationary pressures and potential monetary policy responses.
Implications and Outlook
These upcoming events are pivotal for policymakers, investors, and analysts globally. Monitoring these developments will provide valuable insights into economic trends and inform strategic decisions in the financial markets.
