Bank of Canada interest rate decision. Canada, 15:45 (GMT+2) 23 Oct

23Oct.202414:45

Bank of Canada interest rate decision. Canada, 15:45 (GMT+2)

At 15:45 (GMT+2), the Bank of Canada will make its interest rate decision. The regulator may cut it by 50 basis points to 3.75%. The accompanying statement may contain an assessment of the current situation and near-term prospects for the Canadian economy, as well as hints at the bank’s further actions around monetary policy.

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23 Oct. 2024 15:00

Consumer confidence. EU, 16:00 (GMT+2)

At 16:00 (GMT+2), preliminary data on the EU consumer confidence for October is due. The indicator is based on a survey of 2.3K households assessing the prospects for the economy. It is a leading indicator for consumer spending. High readings indicate consumer optimism and vice versa. The index may rise from –12.9 points to –12.0 points, remaining in the negative zone, putting pressure on the euro.

23 Oct. 2024 15:30

Crude oil inventories. US, 16:30 (GMT+2)

At 16:30 (GMT+2), the Energy Information Administration (EIA) of the US Department of Energy will publish its weekly report on crude oil and petroleum product inventories. Contains data on changes in the volumes of crude oil, as well as gasoline and distillates in the US. The latest decrease in inventories was 2.191M barrels. A continuation of this trend could put further pressure on oil prices.

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