Interest rate decision. UK, 14:00 (GMT+2) 11 May

11May.202313:00

Interest rate decision. UK, 14:00 (GMT+2)

At 14:00 (GMT+2), the decision of the Bank of England on the interest rate will be announced. It is expected that the regulator will raise the rate from 4.25% to 4.50% to slow down inflation. The accompanying statement may contain officials’ vision of the state and immediate prospects of the national economy, as well as hints at further actions in the field of monetary policy.

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11 May. 2023 02:03

Consumer price index. China, 03:30 (GMT+2)

At 03:30 (GMT+2), April data on the consumer price index will be released in China. It is the main indicator of inflation in the country and reflects the change in retail prices for a certain basket of goods and services (food, transport, utilities, healthcare, and so on). It has a significant influence on the decisions of the national financial regulator on monetary policy. It is expected that the indicator will correct from 0.7% to 0.3% YoY and from –0.3% to 0.0% MoM.

11 May. 2023 13:30

Producer price index. USA, 14:30 (GMT+2)

At 14:30 (GMT+2), April data on the producer price index will be published in the USA. It is one of the main indicators of inflation in the country and consolidates the change in prices for goods and services sold by producers. It also shows the change in the cost of their production. The index is expected to correct from –0.5% to 0.3% MoM and from 2.7% to 2.4% YoY, while the core value will increase from –0.1% to 0.2% MoM and decrease from 3.4% to 3.3% YoY.

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