Swiss National Bank President Jordan: There is no need to adjust monetary policy at the moment.

Russian President Vladimir Putin: Russia’s inflation rate is expected to be 7.5%-8% in 2023.

Russian President Vladimir Putin begins annual press conference and phone interview.

The price of base load electricity for next-day delivery in Germany fell 14.4% to 92.50 euros/MWh.

IEA Monthly Report: The extension of OPEC+ production cuts to the first quarter of 2024 will have little effect on supporting oil prices.

Norges Bank: If the Norwegian economy experiences a more pronounced slowdown or inflation falls faster, the policy rate may be lowered earlier than currently expected.

Norges Bank: The key policy interest rate is expected to be 3.9% in 2025, down from the 4.0% forecast in September.

Around 65% of electric cars in France will be eligible for the new national incentive scheme.

SNB President Jordan: The upside and downside risks to inflation are basically balanced.

SNB President Jordan: Inflation forecasts are now within the SNB’s target range.

Norges Bank may cut interest rates earlier than currently expected.

Norges Bank: The key interest rate is expected to be 4.52% in the first quarter of 2024.

Norges Bank: The key interest rate is expected to reach 4.55% in the second quarter of 2024.

Norges Bank: Mainland GDP growth is expected to be 1.0% in 2023, compared with 1.3% previously.

Norges Bank: Mainland GDP growth is expected to be 0.1% in 2024, compared with 0.3% previously.

Norges Bank expects interest rates to remain at around 4.5% until autumn 2024.

SNB President Jordan: The SNB is no longer focused on foreign exchange sales.