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In the Euro Area, benchmark interest rate is set by the Governing Council of the European Central Bank. The primary objective of the ECB’s monetary policy is to maintain price stability which is to keep inflation below, but close to 2 percent over the medium term. In times of prolonged low inflation and low interest rates, ECB may also adopt non-standard monetary policy measures, such as asset purchase programmes. The official interest rate is the Main refinancing operations rate.
-320000000
In the last few years, Brazil has been reporting trade surpluses, primarily due to high exports in the manufacturing industry (54 percent of total exports), mining (23 percent) and agricultural products (22 percent). Brazil's main imports are in the manufacturing industry (89 percent of total imports) with fuels and fertilizers comprising 18 percent of total imports. The biggest trade partners are: China (27 percent of total exports and 22 percent of total imports), the United States (11 percent of exports and 19 percent of imports), Argentina (5 percent of exports and 5 percent of imports). Others include: the Netherlands, Canada, Japan, Germany and Spain.
-8.1%
592
US Total Rigs refer to the number of active US rigs drilling in a given week.
484
US Crude Oil Rigs refer to the number of active US rigs drilling for oil in a given week.
In the United States, the authority to set interest rates is divided between the Board of Governors of the Federal Reserve (Board) and the Federal Open Market Committee (FOMC). The Board decides on changes in discount rates after recommendations submitted by one or more of the regional Federal Reserve Banks. The FOMC decides on open market operations, including the desired levels of central bank money or the desired federal funds market rate.
In the United States, the authority to set interest rates is divided between the Board of Governors of the Federal Reserve (Board) and the Federal Open Market Committee (FOMC). The Board decides on changes in discount rates after recommendations submitted by one or more of the regional Federal Reserve Banks. The FOMC decides on open market operations, including the desired levels of central bank money or the desired federal funds market rate.