International Week Ahead

This report previews key economic releases for the week of February 16-20, focusing on Japan's GDP rebound and Canadian inflation trends.

Key Takeaways

• 1.Japan's Q4 GDP is expected to rebound (1.2% forecast), keeping Bank of Japan (BoJ) rate hikes on the table for 2026.
• 2.Canada's headline inflation is likely to rise to 2.5% in January due to base effects, but cooling core inflation provides the BoC room to cut rates.
• 3.Brazil's December activity data will be the final major indicator before the March BCB meeting, where a 25 or 50 bps cut is debated.

Table of Contents

• Japan Q4 GDP
• Canada January CPI
• Brazil December Activity
• Banxico February Meeting Minutes

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