WORLD INTEREST RATES
| Central Bank |
Current Rate
|
Previous Rate
|
Last Change
|
| US (FED) |
0.25%
|
1.00%
|
16 Dec 2008
|
| UK (BOE) |
0.50%
|
1.00%
|
05 Mar 2009
|
| Europe (ECB) |
1.00%
|
1.25%
|
07 May 2009
|
| Switzerland (SNB) |
0.25%
|
0.50%
|
12 Mar 2009
|
| Canada |
0.25%
|
0.50%
|
21 Apr 2009
|
| Australia (RBA) |
3.50%
|
3.25%
|
03 Nov 2009
|
| Japan (BOJ) |
0.1%
|
0.3%
|
19 Dec 2008
|
| China |
5.31%
|
5.58%
|
22 Dec 2008
|
| New Zealand |
2.50%
|
3.00%
|
29 Apr 2009
|
| India |
4.75%
|
5.00%
|
21 Apr 2009
|
| Brazil |
8.75%
|
9.25%
|
31 Jul 2009
|
Keep an eye on our Economic Calendar for upcoming meetings and rate decisions.
Monday Data Radar Nov 16
Important Retail Sales/Comsumer Pricing Data out today in both the Eurozone and the US.
At 10:00 GMT Eurozone CPI is released, with market expectations of -0.1% MoM, an improvement on the previous figure of -0.3%. The YoY figure is expected to remain the same at 1.2%
In the US, at 13:30 GMT, the Empire State Manufacturing Index is released with market expectations favouring a drop in the figure from 34.6 to 29.9. Potential then for some dollar upside if the figure comes out above 30.
More importantly October Retail Sales figures are released at the same time. The headline figure is expected to improve considerably from -1.5% to +1% but the "ex-Autos" figure is expected to fall slightly to 0.4%
Bank of England Minutes due at 9:30 GMT
November 18th 2009
After the increase in the amount devoted to the Quantitative Easing Program it will be interesting to read the comments behind the decision and the way the voting went.
While it's unlikely that there will be any indication of a more hawkish stance on inflation to signal interest rate rises might be at least on the horizon, it's not completely out of the question, and as so often with these reports it's often a single word or phrase, especially in comparison with how things were expressed the previous month, that can have a profound effect on market perception.
UK Retail Sales on the Radar
08:50 GMT Thurday November 19th
At 9:30 the UK Retail Sales Figures are released. We expect improvements on last year and last month, with figures around 1% (MoM) and 3% (YoY) likely to prove positive for Sterling
