The Czech central bank has cut its key interest rate for the eighth time in a row as inflation remains low and the economy is making a slow recovery.

Minneapolis Fed President Kashkari on Saturday said there would probably be fewer interest rate cuts than expected if the U.S. economy stayed strong. Read more here.

On a "core" basis, which strips out food and energy prices, CPI is forecast to have risen 3.3% over last year in October, unchanged from September's increase. Monthly core price increases are expected to clock in at 0.3%, also in line with the September gain.

Investors will focus in the coming week on whether inflation trends can help sustain the record-breaking stock rally that has received a boost from Donald Trump's victory in the U.S. presidential race.

Market sentiments are high after Donald Trump’s resounding win and Federal Reserve's quarter-point interest rate cut