Date | 11:59am | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | ||
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11:59am | Actual | |||||||||
Tue Oct 22 | ||||||||||
Tue Oct 22 | 2:00am | GBP | Public Sector Net Borrowing | 16.6B | 17.4B | 13.0B | ||||
Day 1 | All | BRICS Summit | ||||||||
8:30am | CAD | IPPI m/m | -0.6% | -0.4% | -0.9% | |||||
CAD | RMPI m/m | -3.1% | -1.7% | -3.0% | ||||||
9:25am | GBP | BOE Gov Bailey Speaks | ||||||||
9:45am | GBP | MPC Member Greene Speaks | ||||||||
9:59am | USD | Richmond Manufacturing Index | -14 | -19 | -21 | |||||
10:00am | EUR | ECB President Lagarde Speaks | ||||||||
USD | FOMC Member Harker Speaks | |||||||||
Day 2 | All | IMF Meetings | ||||||||
3:15pm | EUR | ECB President Lagarde Speaks | ||||||||
GBP | MPC Member Breeden Speaks |
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It’s going to be a busy, tense and challenge-laden International Monetary Fund gathering in Washington this week. There, the economic glitterati will confront a bewildering number ...
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Russia is rolling out the red carpet to its geopolitical allies as it hosts the latest BRICS summit on Tuesday, pushing its agenda to create a “new world order” that challenges ...
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Thank you - it is a pleasure to be here. I am going to use my time to talk about global financial stability and the challenges we face today. But I am going to start with some theory. The reason is that there is an issue with financial stability in that the risks can take on a laundry list character, and a long list at that. This can leave a ‘take your pick’ mindset, and a sense that this is all too much, or that it is not sufficiently grounded. So, bear with me for a short travel into theory, and then I will seek to put today’s big issues or at least some of them, into that context. For me, the founding father of more developed financial stability theory was Hyman Minsky. His core argument was that money and finance matter together for understanding economies, and particularly for understanding susceptibility to stress, Unstable finance contributes to economic instability, and the institutional arrangements by which money and finance operate do matter. Capital and financial instruments are traded and have their prices determined in markets, and these are separate from, but linked to, the prices of current output in the economy. Financial practices change over time, and these changes can impact the behaviour of the economy. Economies can therefore oscillate between robust and fragile financial strictures, the latter being a contributor to financial crises. And, as a previous financial crisis recedes over time, it is not unusual to believe that a new era has arrived. In such conditions, Cassandra like warnings that nothing basic has changed and there is a financial breaking point that can have severe economic consequences are ignored. post: BANK OF ENGLAND GOVERNOR ANDREW BAILEY DOES NOT REFER TO MONETARY POLICY IN PREPARED REMARKS TO THE BLOOMBERG GLOBAL REGULATORY FORUM #andrewbailey #bankofengland #boe #financialregulation #ukeconomy
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USDJPY kicked off the week on a strong note, rising at a faster pace to close above the 150.00 mark for the first time since August. The pickup in the price confirms a bullish ...
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Forecasters expect the Bank of Canada to speed up the pace of interest rate cuts and lower its policy rate by half a percentage point this week. The central bank’s interest rate ...