
At 15:00 (GMT+2), January data on the consumer price index in Germany will be presented — a key indicator of the country’s inflation rate, which reflects changes in retail prices for a specific basket of goods and services: food, transport, utilities, healthcare, and so on. If it grows from 0.0% MoM and 1.8% YoY, this will influence the rhetoric of monetary authorities on the issue of interest rate changes.

