Bank Of England Interest Rates 2019 Dates

Bank Of England Interest Rates 2019 Dates

by | Feb 9, 2019 | ECONOMIC NEWS

About Bank of England (BOE)

Bank rate           0.75%

Governor           Mark Carney

Head quarters   Thread needle Street, London

What is Bank of England?

Bank of England is a Central Bank of the United Kingdom which was formed in 1694. Bank of England is responsible for setting the Bank Rates and also to maintain the Monetary Policy. Bank of England does not hold accounts for the public or issue loans to the public.  BOE is usually priced in and overshadowed by a Monetary Policy Summary, which focuses more on the future. BOE Interest Rates is the rate at which the bank lends to financial institutions over night. Short term Interest Rates are a very important factor in currency valuation.

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.

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Below is BOE’s annual schedule.

Australia Consumer Price Index 2019 Dates

Australia Consumer Price Index 2019 Dates

by | Feb 3, 2019 | ECONOMIC NEWS

What is Consumer Price Index? 

Consumer Price Index (CPI) is the most watched economic indicator. It is calculated then released by the Bureau of Labor Statistics, which is part of the Department of Labor.

What does Consumer Price Index measure?

It measures the change in price of goods and services purchased by the consumers excluding investment items such as stocks, bonds, real estates and life insurances. In short, Consumer Price Index measures the cost of living.

Why do we (traders) care

Consumer Price Index accounts for the majority of overall inflation. Inflation is important to currency evaluation. If the stats are good, they are considered as good for Australian Dollar which is likely to strengthen as a result and weakens when the stats are less than expected. Below is the Consumer Price Index for Australia. The stats are released quarterly. The first one was on the 29th of January and there’s 3 more left for 2019. Below is the annual schedule for Australia Consumer Price Index (CPI)

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