Upcoming economic events 19 March 2025

Time(GMT+0/UTC+0)	State	Importance	Event	Forecast	Previous
02:30		2 points	BoJ Monetary Policy Statement	———-	———-
03:00		3 points	BoJ Interest Rate Decision	0.50%	0.50%
04:30		2 points	Industrial Production (MoM) (Jan)	-1.1%	-0.2%
06:30		2 points	BoJ Press Conference	———-	———-
10:00		2 points	Core CPI (YoY) (Feb)	2.6%	2.7%
10:00		2 points	CPI (MoM) (Feb)	0.5%	-0.3%
10:00		3 points	CPI (YoY) (Feb)	2.4%	2.5%
10:00		2 points	Wages in euro zone (YoY) (Q4)	———-	4.40%
12:00		2 points	ECB’s De Guindos Speaks	———-	———-
13:00		2 points	ECB’s Elderson Speaks	———-	———-
13:30		3 points	Crude Oil Inventories	0.700M	1.448M
13:30		2 points	Cushing Crude Oil Inventories	———-	-1.228M
18:00		2 points	Interest Rate Projection – 1st Yr (Q1)	———-	3.9%
18:00		2 points	Interest Rate Projection – 2nd Yr (Q1)	———-	3.4%
18:00		2 points	Interest Rate Projection – Current (Q1)	———-	4.4%
18:00		2 points	Interest Rate Projection – Longer (Q1)	———-	3.0%
18:00		3 points	FOMC Economic Projections	———-	———-
18:00		3 points	FOMC Statement	———-	———-
18:00		3 points	Fed Interest Rate Decision	4.50%	4.50%
18:30		3 points	FOMC Press Conference	———-	———-
20:00		2 points	TIC Net Long-Term Transactions (Jan)	101.1B	72.0B
20:00		2 points	Westpac Consumer Sentiment (Q1)	———-	97.5
21:45		2 points	GDP (QoQ) (Q4)	0.4%	-1.0%

Summary of Upcoming Economic Events on March 19, 2025

Japan (🇯🇵)

1. BoJ Monetary Policy Statement (02:30 UTC)
2. BoJ Interest Rate Decision (03:00 UTC)
   • Forecast: 0.50%
   • Previous: 0.50%
   • No change expected, but tone of policy statement will be key for JPY direction.
3. Industrial Production (MoM) (04:30 UTC)
   • Forecast: -1.1%
   • Previous: -0.2%
   • Decline in output = bearish for JPY & Japanese stocks.
4. BoJ Press Conference (06:30 UTC)
   • Market will watch for hints on rate hikes or policy tightening.

Eurozone (🇪🇺)

5. Core CPI (YoY) (Feb) (10:00 UTC)
   • Forecast: 2.6%
   • Previous: 2.7%
   • Drop in inflation may support ECB rate cuts later this year.
6. CPI (YoY) (Feb) (10:00 UTC)
   • Forecast: 2.4%
   • Previous: 2.5%
   • Lower CPI = bearish for EUR, supports dovish ECB stance.
7. Wages in Eurozone (YoY) (Q4) (10:00 UTC)
   • Previous: 4.4%
   • Higher wages = inflationary pressure, could delay ECB rate cuts.

United States (🇺🇸)

8. Crude Oil Inventories (13:30 UTC)
   • Forecast: 0.700M
   • Previous: 1.448M
   • Lower build-up in stockpiles = bullish for oil prices.
9. FOMC Meeting & Rate Decision (18:00 UTC)
   • Fed Funds Rate Forecast: 4.50% (unchanged)
   • Key focus: FOMC statement, economic projections & Powell’s press conference (18:30 UTC).
   • Hawkish stance = USD bullish | Dovish stance = risk-on sentiment.
10. TIC Net Long-Term Transactions (20:00 UTC)
    • Forecast: $101.1B
    • Previous: $72.0B
    • Higher foreign inflows support USD demand.

New Zealand (🇳🇿)

11. Westpac Consumer Sentiment (Q1) (20:00 UTC)
    • Previous: 97.5
    • Lower sentiment = bearish for NZD.
12. GDP (QoQ) (Q4) (21:45 UTC)
    • Forecast: 0.4%
    • Previous: -1.0%
    • A rebound in growth may lift NZD if confirmed.

Market Impact Analysis

• JPY: BoJ policy & industrial data may drive volatility.
• EUR: CPI & wage data could impact ECB rate outlook.
• USD: FOMC decision & Powell’s comments will shape risk sentiment.
• NZD: GDP & sentiment data key for direction.
• Oil: Crude stock data will influence prices.

Overall Impact Score: 8/10

Key Focus: FOMC rate decision, U.S. inflation outlook, and BoJ meeting.