Interest rate decision. Canada, 16:45 (GMT+2) 11 Dec

11Dec.202415:45

Interest rate decision. Canada, 16:45 (GMT+2)

At 16:45 (GMT+2), the Bank of Canada will announce its interest rate decision. It may follow that the regulator will adjust the value from 3.75% to 3.25%. The accompanying statement may contain an assessment of the current situation and immediate prospects for the Canadian economy, as well as hints at further actions by financial authorities.

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11 Dec. 2024 14:30

Consumer price index. US, 15:30 (GMT+2)

At 15:30 (GMT+2), the US will publish the November data on the consumer price index, the main indicator of the inflation rate in the country, reflecting the change in retail prices for a certain basket of goods and services: food, transport, utilities, health care, and so on. It has a significant impact on the decisions of the country’s financial regulator on monetary policy. It may consolidate at 0.2% MoM and grow from 2.6% to 2.7% YoY. The core value may remain at 0.3% MoM and 3.3% YoY, supporting the American dollar.

11 Dec. 2024 16:30

Crude oil inventories. US, 17:30 (GMT+2)

At 17:30 (GMT+2), the Energy Information Administration of the US Department of Energy (EIA) will present a weekly report containing data on changes in the volumes of crude oil, as well as gasoline and distillates in the country. It may correct from –1.844M barrels to –1.300M barrels, supporting oil quotes.

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