5 Key Economic Events to Watch This Week

1. U.K. Tuesday 11:30 (GMT+2).
The U.K. Office for National Statistics will release data on consumer price inflation for October at 9:30AM in London on Tuesday. Analysts expect consumer prices to fall 0.1%, underlining concerns over deflationary pressures.
Bank of England officials have said recently they expect inflation to hover around zero for much of this year, before accelerating back to target during 2016 and 2017.

2. U.S. CPI, Tuesday 15:30 (GMT+2).
The consensus forecast is that the report will show consumer prices rose 0.2% last month, after falling 0.2% in September. Core inflation is forecast to increase 0.2%, after gaining 0.2% a month earlier.

3. U.S. housing data, Wednesday 15:30 (GMT+2).
The Commerce Department is expected to report that building permits rose 3.1% to 1.150 million in October, while housing starts are forecast to decline 3.9% to 1.162 million.

4. FOMC meeting minutes, Wednesday 21:00 (GMT+2).
The Fed left interest rates unchanged following its meeting last month, as widely expected, but recent comments by Fed officials, including Janet Yellen, have bolstered expectations the U.S. central bank will raise interest rates for the first time in nearly a decade when it meets next month.

5. BoJ policy announcement, Thursday 08:30 (GMT+2).
The BoJ is widely expected to keep policy steady despite recent chatter that it could expand the size of its monthly bond-buying program. Third-quarter growth data shows that Japan's economy shrank, maintaining pressure on policymakers to support the world's third largest economy.