Economic news

Economic News 02 To 06 October

Economic News To Watch This Week

Last week was flooded with so much news from Central Banks. Bank of Japan (BOJ), Gov Kuroda kicked off our week with his speech at a meeting with business leaders, in Osaka. Monday. European Central Bank (ECB)Mario Draghi, testified about the economy and monetary policy before the European Parliament Economic and Monetary Affairs Committee, in Brussels. Federal Reserve Chair Janet Yellen also spoke later on the day. On the 27th, Bank Of Canada (BOC) Gov Poloz also spoke about the role of data dependency in setting monetary policy at the St. John’s Board of Trade, in Newfoundland. Reserve Bank Of New Zealand (RBNZ) left their interest rates unchanged at 1.75%. Canada GDP dropped to 0.0% from the expected 0.1%. Bank of England (BOE), Gov Carney delivered closing remarks at the Bank of England’s conference celebrating 20 years of independence, in London. On Friday, United States President Donald  Trump delivered his tax plan and these were some of his views or comments regarding the tax cut:

  • Tax code punishes companies for staying and encourages departure
  • The huge Tax cut will be rocket fuel for America’s economy
  • Tax plan means more production , more investment and more jobs
  • Manufacture’s Tax rate will be capped at 25% maximum
  • No one can beat U.S on level playing field

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