Central bank is a national bank that provides financial and banking services for its country’s government and commercial banking system.
What is the role and function of Central Bank?
To set official bank rates used to manage inflation and exchange rates
To issue a country’s currency
To set targets and monitor economic data while they implement special tools.
One of the special tools that is used by the central bank is Interest/bank rates adjustments. When the Central Bank sees a need to hike or cut their rates, they simply do so.
Why do Central Banks hike the Interest Rates?
When the economy is growing at a rate that may lead to hyperinflation (monetary inflation occurring at a very high rate)
Why do Central Banks cut the Interest Rates?
The Central bank may cut the Interest Rates to encourage people to borrow more money at a lower rate, be it for new houses or businesses. The aim is to also make saving money less attractive as the returns are lower when the rates are cut.
About Bank Of Canada
Bank of Canada’s Interest Rates is released 8 times per year. On the 24th of January BOC will hold its first meeting of 2024 and is expected to hold its Rates at the current 5.00%. Below are the Bank of Canada’s 2020 dates to help you plan your year better.
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Hello Subscriber, If you are not a subscriber, please subscribe to receive notifications on weekly economic news and other publications. This week we have 15 major economic releases. We will end our week with the anticipated Non-Farm Payrolls.
Always understand that the markets do not move randomly, they are affected by such economic news. Incorporating fundamentals into your day trading helps you plan your trading week, spend less time studying charts day and night, and be able to trade while having your 9-5 job, school, or a business. I have published an episode on my podcast titled “Why you shouldn’t ignore fundamentals” You can listen HERE.
If you live in South Africa, you are aware that we are facing a big challenge with our electricity and have daily load-shedding. During load-shedding, the network gets affected and we sometimes experience a very slow internet connection.
When you have incorporated fundamentals, you can also plan around it and ensure that you don’t schedule any trading sessions during that time. This is to avoid a situation where you find yourself stuck in trades. If you have been trading but only relying on technical analysis and wish to start incorporating fundamentals and to learn how the markets work, WhatsApp +27 78 144 6851 to enroll for my fundamental analysis course, mentorship, and coaching.
Thank you for stopping by. You can check out my latest Podcast Episode and also download my App and read on the go. Kindly share this post with your peers. Below is our weekly economic calendar. Happy trading.
Hello Subscriber, If you are not yet a subscriber, please subscribe so you can receive notifications on weekly economic news and other publications. This week we have 19 major economic releases.
Always understand that the markets do not move randomly, they are affected by such economic news. Incorporating fundamentals into your day trading helps you plan your trading week, spend less time studying charts day and night, and be able to trade while having your 9-5 job, school, or a business. I have published an episode on my podcast titled “Why you shouldn’t ignore fundamentals” You can listen HERE.
If you live in South Africa, you are aware that we are facing a big challenge with our electricity and have daily load-shedding. During load-shedding, the network gets affected and we sometimes experience a very slow internet connection.
When you have incorporated fundamentals, you can also plan around it and ensure that you don’t schedule any trading sessions during that time. This is to avoid a situation where you find yourself stuck in trades. If you have been trading but only relying on technical analysis and wish to start incorporating fundamentals and to learn how the markets work, WhatsApp +27 78 144 6851 to enroll for my fundamental analysis course, mentorship, and coaching.
Thank you for stopping by. You can check out my latest Podcast Episode and also download my App and read on the go. Kindly share this post with your peers. Below is our weekly economic calendar. Happy trading.
Hello Subscriber, If you are not yet a subscriber, please subscribe so you can receive notifications on weekly economic news and other publications. This week we have 10 major economic releases.
Always understand that the markets do not move randomly, they are affected by such economic news. Incorporating fundamentals into your day trading helps you plan your trading week, spend less time studying charts day and night and be able to trade while having your 9-5 job, school or a business. I have published an episode on my podcast titled “why you shouldn’t ignore fundamentals” you can listen HERE.
If you live in South Africa, you are aware that we are facing a big challenge with our electricity and have daily load-shedding. During load-shedding, the network gets affected and we sometimes experience a very slow internet connection.
When you have incorporated fundamentals, you can also plan around it and ensure that you don’t schedule any trading sessions during that time. This is to avoid a situation where you find yourself stuck in trades. If you have been trading but only relying on technical analysis and wish to start incorporating fundamentals and to learn how the markets work, WhatsApp +27 78 144 6851 to enrol for my fundamental analysis course, mentorship and coaching. You can also listen to my latest podcast episode HERE.
Kindly share this app with your peers. Below is our weekly economic calendar. Thank you for stopping by. Happy trading.
Welcome back. As promised in the beginning of the year that I will publish the annual dates of the most watched economic news, here’s another most watched economic event in the markets. Consumer Price Index accounts for the majority of overall inflation and inflation is very important to currency evaluation. Below is the U.K Consumer Price Index annual dates.
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