Economic news to watch this week

Week ahead: This week the markets are more focused on Central Banks and COVID-19. COVID-19 has been doing the most in the global economies and the Central Banks have resorted to cutting their Interest Rates. If you have no idea why would they resort to such measures, you can read my previous post.

On Monday, Federal Reserve Chair Jerome Powell will deliver a speech to discuss COVID-19 and the economic outlook in an interview conducted by CBS’ 60 Minutes. On Tuesday he will testify, along with Treasury Secretary Steven Mnuchin, on Corona virus Aid Relief, and the Economic Security Act. On Wednesday, Bank Of England Gov Bailey is due to testify along with three MPC (Monetary Policy Committee) members, on the economic impact of COVID-19 before the Treasury Select Committee, in London.

On Thursday, Reserve Bank Of Australia (RBA) Gov Lowe will participate in a panel discussion at the Financial Services Institute of Australia, in Sydney. Audience questions expected. Then on Friday, there’s European Central Bank (ECB) and Bank Of Japan (BOJ) on their Monetary Policy statements release. Below is the weekly economic calendar.