Sertai Cabaran PU Xtrader Hari Ini

Berjual beli dengan modal simulasi dan peroleh keuntungan sebenar selepas anda lulus penilaian pedagang kami.

  • Market Insights  >  Weekly Outlook

20 October 2023,00:19

Weekly Outlook

Upcoming Major Country Central Bank Interest Rate Decision

20 October 2023, 00:19

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

The Week Ahead: Week of 23 October (GMT+3)

Wednesday, 25 October, 17:00 – CA BoC Interest Rate Decision

In September, Canada’s annual Consumer Price Index (CPI) showed a decline in inflation from 4% in August to 3.8%. The Bank of Canada’s upcoming rate decision will be crucial, as it previously held the benchmark rate at 5% in September but indicated potential further hikes if inflation pressures continue.

Thursday, 26 October, 15:15 – ECB Interest Rate Decision (Oct)

Despite the ECB’s recent record-high key interest rate increase to 4.0%, there are concerns about an economic slowdown, and the possibility of a recession. Some ECB council members believe that current borrowing costs are sufficiently high, indicating no immediate need for another rate hike.

Thursday, 26 October, 15:30 – US GDP (QoQ) (Q3)

The GDP rose at an unrevised 2.1% annualised rate last quarter. The U.S. economy showed steady growth in Q2. Some economists see potential for the Federal Reserve to raise interest rates in November, given the resilient economy and high inflation. However, others think economic challenges might deter further tightening.

Friday, 27 October, 15:30 – US Core PCE Price Index (MoM) (Sep)

The latest US Core PCE Price Index registered at 0.1%, falling short of the anticipated 0.2%. While the PCE index is one of the indicators the Fed considers for measuring inflation, and since the September meeting, Fed officials have indicated their expectation of maintaining elevated interest rates for an extended duration. However, markets believe the Fed has completed its rate hikes.

FacebookLinkedInTwitterShare

Start trading with an edge today

Trade forex, indices, cryptocurrencies, and more at industry-low spreads and lightning-fast execution.

  • Start trading with deposits as low as $50 on our standard accounts.
  • Get access to 24/7 support.
  • Access hundreds of instruments, free educational tools, and some of the best promotions around.

Latest Posts

Diskaun 20% untuk sebarang Cabaran. Gunakan Kod: EG20

Ambil Cabaran