{"id":7849,"date":"2023-04-12T08:27:40","date_gmt":"2023-04-12T06:27:40","guid":{"rendered":"https:\/\/learnfxtrading.net\/app\/?p=7849"},"modified":"2023-04-12T08:27:44","modified_gmt":"2023-04-12T06:27:44","slug":"boc-interest-rates-2023-dates","status":"publish","type":"post","link":"https:\/\/learnfxtrading.net\/app\/boc-interest-rates-2023-dates\/","title":{"rendered":"BOC Interest Rates 2023 Dates"},"content":{"rendered":"\n

What is A Central Bank?<\/strong><\/h4>\n\n\n\n

<\/p>\n\n\n\n

A Central bank<\/strong> is a national bank <\/strong>that provides financial and banking services for its country\u2019s government and commercial banking system.<\/p>\n\n\n\n

<\/p>\n\n\n\n

What is the role and function of A Central Bank?<\/strong><\/h4>\n\n\n\n

<\/p>\n\n\n\n

    \n
  • To set official bank rates used to manage inflation and exchange rates<\/li>\n\n\n\n
  • To issue a country\u2019s currency<\/strong><\/li>\n\n\n\n
  • To set targets and monitor economic data while they implement special tools.<\/li>\n<\/ul>\n\n\n\n

    One of the special tools used by a Central Bank<\/strong> is Interest\/bank rate <\/strong>adjustments. When a Central Bank<\/strong> sees a need to hike or cut its rates, they simply do so.<\/p>\n\n\n\n

    Why do Central Banks Hike the Interest Rates?<\/strong><\/h4>\n\n\n\n

    <\/p>\n\n\n\n

    When the economy is growing at a rate that may lead to hyperinflation<\/strong> (monetary inflation occurring at a very high rate) that is when the Central Bank<\/strong> hikes the county\u2019s Interest Rate<\/strong>.<\/p>\n\n\n\n

    <\/p>\n\n\n\n

    Why do Central Banks Cut the Interest Rates?<\/strong><\/h4>\n\n\n\n

    <\/p>\n\n\n\n

    Central banks <\/strong>may cut the Interest Rates<\/strong> 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.<\/p>\n\n\n\n

    About Bank of Canada (BOC)<\/strong><\/h4>\n\n\n\n

    Bank rate           4.50%<\/p>\n\n\n\n

    Governor           Tiff Macklem<\/p>\n\n\n\n

    <\/p>\n\n\n\n

    Bank of Canada\u2019s Interest Rate<\/strong> is released 8 times a year. On the 12th of April, BOC <\/strong>will hold its 3rd meeting of 2023 at 4:00 pm (S.A time) and they are expected to maintain the Interest Rates<\/strong> at its current 4.50% and issue the monetary policy statement<\/strong> at the same time, followed by a press conference at 5 pm (S.A time).<\/p>\n\n\n\n

    <\/p>\n\n\n\n

    Why Do We (traders) Care About Interest Rates?<\/strong><\/h4>\n\n\n\n

    <\/p>\n\n\n\n

    Interest Rates<\/strong> are a primary tool that a Central Bank<\/strong> uses to valuate their currency<\/strong>. If their plan is to hike, it strengthens the currency<\/strong> and if their plan is to cut, it weakens the currency.<\/strong> Traders also look for clues in the Monetary Policy <\/strong>summary as it focuses more on the future. <\/p>\n\n\n\n

    If you wish to learn how to trade Interest Rates<\/strong>, read and understand Central Bank\u2019s Monetary policy <\/strong>and press conferences, send me a WhatsApp at +27 78 144 6851<\/strong> for private lessons, mentorship and coaching. <\/p>\n\n\n\n

    Thank you for stopping by. To help with your planning, below is the annual schedule of RBA<\/strong>. Please kindly share this post to help me reach out to as many traders as possible who may benefit from this information.<\/p>\n\n\n\n

    <\/p>\n\n\n\n

    \"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

    What is A Central Bank? A Central bank is a national bank that provides financial and banking services for its country\u2019s government and commercial banking system. What is the role and function of A Central Bank? One of the special tools used by a Central Bank is Interest\/bank rate adjustments. When a Central Bank sees a need to hike or cut its rates, they […]<\/p>\n","protected":false},"author":1,"featured_media":7855,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[1],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/learnfxtrading.net\/app\/wp-content\/uploads\/2023\/04\/www.learnfxtrading.netBOC-2023-1.png?fit=2240%2C1260&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pbXWFt-22B","_links":{"self":[{"href":"https:\/\/learnfxtrading.net\/app\/wp-json\/wp\/v2\/posts\/7849"}],"collection":[{"href":"https:\/\/learnfxtrading.net\/app\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/learnfxtrading.net\/app\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/learnfxtrading.net\/app\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/learnfxtrading.net\/app\/wp-json\/wp\/v2\/comments?post=7849"}],"version-history":[{"count":3,"href":"https:\/\/learnfxtrading.net\/app\/wp-json\/wp\/v2\/posts\/7849\/revisions"}],"predecessor-version":[{"id":7856,"href":"https:\/\/learnfxtrading.net\/app\/wp-json\/wp\/v2\/posts\/7849\/revisions\/7856"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/learnfxtrading.net\/app\/wp-json\/wp\/v2\/media\/7855"}],"wp:attachment":[{"href":"https:\/\/learnfxtrading.net\/app\/wp-json\/wp\/v2\/media?parent=7849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/learnfxtrading.net\/app\/wp-json\/wp\/v2\/categories?post=7849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/learnfxtrading.net\/app\/wp-json\/wp\/v2\/tags?post=7849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}