Busy Week Ahead for Central Bank Decisions and Economic Data

Posted by autorebateforex Posted on Mar - 18 - 2024 0 Comment
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This is a critical week for financial markets with potential for significant movements across the globe. Several major central banks are scheduled to announce interest rate decisions, and key economic data releases are expected to shape market trends for the rest of the year.

 

Here’s a breakdown of the key events:

 

Monday, March 18th:

  • Relatively quiet day with just China’s industrial production and retail sales figures on the docket.

 

Tuesday, March 19th:

  • The Reserve Bank of Australia (RBA) and the Bank of Japan (BOJ) will announce their interest rate decisions.
  • Canada releases its latest Consumer Price Index (CPI) data.

 

Wednesday, March 20th: Action-packed day:

  • China releases its Prime Loan Rates.
  • The Bank of Canada (BoC) announces its rate decision.
  • The European Central Bank (ECB) holds its policy meeting, followed by a press conference with Christine Lagarde.
  • The Federal Open Market Committee (FOMC) announces its rate decision, releases a policy statement, and holds a press conference.

 

Thursday, March 21st:

  • New Zealand releases its GDP figures.
  • Australia releases its employment data.
  • Flash PMI numbers are released for various regions, including the EU, UK, France, Germany, and the US.
  • The Swiss National Bank (SNB) and the Bank of England (BOE) announce their rate decisions.
  • The US releases its weekly jobless claims data and the Philly Fed’s Manufacturing Index.

 

Friday, March 22nd:

  • The UK releases its retail sales data.
  • Canada releases its retail sales data.
  • Federal Reserve Chair Jerome Powell delivers a speech, along with other FOMC members.

 

This week’s events have the potential to significantly impact global markets. Pay close attention to central bank decisions, economic data releases, and comments from policymakers.

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Categories: Market News

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