-Top central bankers discuss "forward guidance"
In the Eurozone last week, markets followed important economic data and the meeting of key central bank presidents.
Four of the world’s top central bankers Janet Yellen, Mario Draghi, Haruhiko Kuroda and Mark Carney took part in a panel discussion hosted by the ECB in Frankfurt last week.
Both Draghi and Yellen voiced the importance of guiding investors to future policy also referred to as “forward guidance” during the discussion.
“Forward guidance has become a full-fledged monetary policy instrument,” ECB President Mario Draghi said. “Why a monetary policy instrument that has proved to be effective?” he added.
-Economic data
Seasonally adjusted GDP rose by 0.6 percent in both the euro area and the European Union (EU) during the third quarter of 2017, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. In the second quarter of 2017, GDP grew by 0.7 percent in both zones.
In September 2017 compared with August 2017, seasonally adjusted industrial production fell by 0.6 percent in the euro area and by 0.5 percent in the EU. In August 2017, industrial production rose by 1.4 percent in the euro area and by 1.7 percent in the EU.
-The week ahead
This week, the European Central Bank (ECB) officials will speak at events in Frankfurt and Brussels.
