EUROPE: Events start at 0700GMT when the Riksbank Deputy Governor Lars
Svensson is due to deliver a speech on “Evaluating Monetary Policy in
Sweden 2009″, in Stockholm. In Europe today, the European Parliament
have a hearing on European economic governance and EU tools for economic
recovery, while the ECB also holds a Governing Council meeting, although
no monetary policy decision is scheduled at this meeting. EMU data
starts at 0900GMT with the January current account data. UK data at
0930GMT sees Trends In Lending data from the Bank of England and also
CML Gross Mortgage Lending data, while at the same time, Provisional M4
Lending and Money Supply data is due along with the public finances
data, where PSNB is expected to grow to stg13.4 billion and PSNCR is
seen st stg11.0 billion. At 1000GMT, the EMU trade balance is expected
to come in at +E1.0 billion for January.