Last week we saw decisions from three central banks.
Read on to find out more.
EUR
The European Central Bank raised its key interest rate for the second consecutive day. The ECB decided to raise rates as expected by the markets to the current 1.25 % (+75 bp).
CAD
The BOC held to its plans and raised the rate by 75 basis points. This is the highest since April 2008.
TIP: You can read the full report here:
https://www.bankofcanada.ca/2022/09/fad-press-release-2022-09-07/
AUD
TIP: You can read the full report here:
https://www.rba.gov.au/media-releases/2022/mr-22-28.html
On Tuesday, the Reserve Bank of Australia (RBA) also decided to change the interest rate, which also did not surprise the markets and raised rates by the planned 50 basis points.
And what's in store for the current trading week?
The current trading week will be weaker on economic data.
During the week, we will be looking mainly at the latest data on inflation in the euro area, the US and the UK.
Sources: