Retail sales measures the purchases by the consumers on retail level. When the retail sales are higher than expected, it indicates that the economy is improving and that is regarded as good for currency. When the stats are lower than expected, that is regarded as bad for currency. Retail sales stats are released monthly. Below is the United States retail sales annual schedule, save those dates.
The Federal Open Market Committee (FOMC) is a committee within the Federal Reserve System (the Fed). Its mandate is to oversee the nation’s open market operations (i.e., the Fed’s buying and selling of United States Treasury securities). This Federal Reserve committee makes key decisions about Interest Rates and the growth of the United States money supply.
On the 29th of January, FOMC held their first monetary policy meeting where they hinted that they are not in a rush to hike the rates. Planning is key, save the date for their next meeting. Below is the FOMC annual dates
What is A Central Bank?
Central bank is a national bank that provides financial and banking services for its country’s government and commercial banking system.
What is the role and function of Central Bank?
One of the special tools that is used by the central bank is Interest/bank rates adjustments. When the Central Bank sees a need to hike or cut their rates, they simply do so.
Why do Central Banks hike the Interest Rates?
When the economy is growing at a rate that may lead to hyperinflation (monetary inflation occurring at a very high rate)
Why do Central Banks cut the Interest Rates?
The Central bank may cut the Interest Rates to encourage people to borrow more money at a lower rate, be it for new houses or businesses. The aim is to also make saving money less attractive as the returns are lower when the rates are cut.
Bank of Canada’s Interest Rates is released 8 times per year. On the 22nd of January they’ll hold their first meeting of 2020 to decide on their Interest Rates which is currently 1.75%. Below is the Bank of Canada’s 2020 dates.
Bank Of Japan’s Interest Rates is released 8 times per year. Their current rate is -0.10% and it has been for such a long time. On the 21st of January, they will hold their first meeting of 2020 to decide on their Interest Rates. Below is the Bank of Japan 2020 Interest Rates dates.
Welcome back. As promised in the beginning of the year that I will publish the annual dates of the most watched economic news, here’s another most watched economic event in the markets. Consumer Price Index accounts for the majority of overall inflation and inflation is very important to currency evaluation. Below is the U.K Consumer Price Index annual dates.
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