ECB Lagarde says Euro appreciation places downward pressure on prices, adds that the ECB are attentive to the Euro appreciation
Last week, the U.S. Federal Reserve decision is not to provide additional stimulus at its latest meeting. The Federal Reserve kept rates unchanged Wednesday and signaled that interest rates would stay close to zero at least through 2023, to support the economy's ongoing recovery. This was wid...
Fed Kashkari says he wanted stronger commitment to zero interest rates, wanted the Fed to vow to wait on rate hikes until core inflation is at 2% for roughly a year
Over three-years we can be back on a robust path Comfortable above 2% inflation but will look more at the trajectory than the level Fed was closer than many appreciate to reaching its 2% goal before the pandemic Impacts of pandemic are making it difficult to see what...
EU AGREES PURCHASE DEAL FOR SANOFI/GSK COVID-19 VACCINE
EU Bank regulators are moving closer to end ban of dividends next year
1. Canada Retail Sales Data The Canada Retail Sales are expected to come out at 1.0% m/m in July, while core retail sales are expected to ease to 0.5% from 15.7%. A lower than expected reading should be taken as negative for the Canadian Dollar. 2. US...
The Saudi energy minister is now speaking saying: UAE has shown its commitment to OPEC+cuts Warns oil speculators not to bet against OPEC. Exports to evolve as local consumption drops We do not have to wait until December, we will be proactive
US initial jobless claims 860K vs. 850K estimate
BoE says the committee had been briefed on the BoE's plan to explore how a negative bank rate could be implemented effectively should the outlook for inflation and output warrant it
Actual: 0.10% Forecast: 0.10% Previous: 0.10%
Focus on the BoE Interest Rate Decision. No policy change is expected from the Bank of England. However, the BoE may flag extending its bond-buying to help an economy battered by the effects of the pandemic and Brexit.
A relatively brisk and intense fluctuation in the exchange rate affects inflation expectations and the conditions that determine inflation. The ECB could not be happy with its own forecast for a 1.3% inflation rate in 2022.
Eurozone August Final CPI -0.2% vs -0.2% y/y expected
1. BoE Interest Rate Decision Focus on the BoE Interest Rate Decision. No policy change is expected from the Bank of England. However, the BoE may flag extending its bond-buying to help an economy battered by the effects of the pandemic and Brexit. 2....
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