Welcome to today's Money Minute in which we preview the big stories of the week ahead in just 60 seconds.
While the Bank of England is unlikely to make any moves while Brexit remains unresolved, members of its interest-rate setting committee will be monitoring wage inflation particularly closely.
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On Thursday we get the biggest event of the week the European Central Bank announces its latest decision on monetary policy. Recent weak economic data, particularly in Germany, has convinced the market that the ECB will take its key interest rate even deeper into negative territory, from its current record low level of minus 0.4%.
Outgoing ECB head Mario Draghi is also expected to indicate that the central bank will announce more stimulus perhaps a new money-printing programme at the next meeting in October.
Draghi has a tendency to underpromise and overdeliver, and if he manages to do this again, markets are likely to send the euro lower. But if he can't convince markets that he's sufficiently dovish, the euro is likely to gain.
That's your 60 second update - have a good week.
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Steve Webb: The triple lock is there to do a job. I’m not embarrassed or ashamed of itThe triple lock means 13 million pensioners will now get an above-inflation state pension boost in April. While the rising cost of the policy has stirred controversy, Steve Webb, who served as pensions minister when it was introduced, argues the triple lock is vital and should stay. Webb speaks to Kalpana Fitzpatrick on the new episode of MoneyWeek Talks – out now.
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How retirement pots risk running out 11 years early if inflation remains highPension savers could find their retirement income may not last as long as they anticipated over fears that inflation may not slow down
