FOMC 2020 Dates

FOMC 2020 Dates

What Is FOMC?

The Federal Open Market Committee (FOMC) is a committee within the Federal Reserve System (the Fed). Its mandate is to  oversee the nation’s open market operations (i.e., the Fed’s buying and selling of United States Treasury securities). This Federal Reserve committee makes key decisions about Interest Rates and the growth of the United States money supply.

On the 29th of January, FOMC held their first monetary policy meeting where they hinted that they are not in a rush to hike the rates. Planning is key, save the date for their next meeting. Below is the FOMC annual dates

Bank Of Canada Interest Rates 2020 Dates

Bank Of Canada Interest Rates 2020 Dates

What is A Central Bank?

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 22nd of January they’ll hold their first meeting of 2020 to decide on their Interest Rates which is currently 1.75%. Below is the Bank of Canada’s 2020 dates.

Bank Of Japan Interest Rates 2020 Dates

Bank Of Japan Interest Rates 2020 Dates

About Bank Of Japan (BOJ)

Bank Of Japan’s Interest Rates is released 8 times per year. Their current rate is -0.10% and it has been for such a long time. On the 21st of January, they will hold their first meeting of 2020 to decide on their Interest Rates. Below is the Bank of Japan 2020 Interest Rates dates.

Bank of Japan (2020 dates)
FOMC 2019 Dates

FOMC 2019 Dates

What Is FOMC?

The Federal Open Market Committee (FOMC) is a committee within the Federal Reserve System (the Fed).Its mandate is to  oversee the nation’s open market operations (i.e., the Fed’s buying and selling of United States Treasury securities). This Federal Reserve committee makes key decisions about Interest Rates and the growth of the United States money supply. You may also like to read this post about why do Central Banks hike or cut their Interest Rates Here.

The Federal Open Market Committee (FOMC) consists of twelve members, the seven members of the Board of Governors of the Federal Reserve System, the president of the Federal Reserve Bank of New York, and four of the remaining eleven Reserve Bank presidents who serve one year term. The Federal Reserve said their farewell to Janet Yellen who was the 15th Chairwoman of the Federal Reserve from  the 3rd of February 2014 – the 3rd of February 2018.  Her last meeting was on the 31st of January 2018. The newly appointed Fed Chair, Jerome Powell was sworn in on Monday the 5th of February and he hiked the Interest Rates in his March 2018 meeting and went on to hike 3 more times in 2018. President Donald Trump is not impressed with the pace at which the Fed Chair is hiking the Interest Rates.

How To Subscribe To This Blog:

  1. Enter your email address from the sidebar where it says “SUBSCRIBE TO MY BLOG” and click “SUBSCRIBE”
  2. Go to your email to look for a confirmation email (check on your spam folder if you do not find it on inbox)
  3. Click on that link from email to confirm your subscription and you should start to receive my weekly economic news and weekly blog posts.

To open your Live Account with one of the legit and FSB regulated brokers, choose from these brokers HERE. For further assistance, email me at ntombimalatsi@learnfxtrading.net or WhatsApp me on +27 64 510 4132 / +27 76 966 9392 for instant chat.  For private lessons, you can email, WhatsApp or enroll HERE. The first FOMC meeting of 2019 is on the 30th of January 2019. Below is the annual schedule FOMC.  Thank you for stopping by and kindly share this post.

 

Bank Of England Interest Rates 2018 Dates

Bank Of England Interest Rates 2018 Dates

About Bank of England (BOE)

Bank rate           0.75%

Governor           Mark Carney

Head quarters   Thread needle Street, London

 

What is Bank of England (BOE)?

Bank of England is a central bank of the United Kingdom which was formed in 1694. Bank of England is responsible for setting the bank rates and also to maintain the Monetary Policy. Bank of England does not hold accounts for the public and also do not issue loans to the public.  BOE is usually overshadowed by a Monetary Summary, which focuses more on the future. BOE interest rates is the rate at which the bank lends to financial institutions over night.

How To Subscribe To This Blog:

  1. Enter your email address from the sidebar where it says “SUBSCRIBE TO MY BLOG” and click “SUBSCRIBE”
  2. Go to your email to look for a confirmation email (check on your spam folder if you do not find it on inbox)
  3. Click on that link from email to confirm your subscription and you should start to receive my weekly economic news and weekly blog posts.

If you need to open a live account kindly register with one of the recommended FSB regulated brokers using the links provided HERE. For further assistance you can WhatsApp me on: +27 76 966 9392 Or +27 64 510 4132.  For private lessons & mentorship you can Whatsapp me or enroll  HERE. . Excuse my template, I guess the girly girl in me just couldn’t resist the bright colours. The first meeting was on the 8th of February, we have 7 more meetings left for 2018. Below is our annual schedule for Bank of England. 

Need Help? Chat with me