BoJ Monetary Policy Meeting Minutes

In Japan, interest rates are set by the Bank of Japan's Policy Board in its Monetary Policy Meetings. The BoJ's official interest rate is the discount rate. Monetary Policy Meetings produce a guideline for money market operations in inter-meeting periods and this guideline is written in terms of a target for the uncollateralized overnight call rate.

Inflation Rate Ex-Food and Energy YoY

1.9%

In Japan, the "core core" inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes prices of fresh food and energy.

Inflation Rate MoM

0.1%

Inflation Rate MoM measures month over month change in the price of goods and services.

Core Inflation Rate YoY

1.4%

In Japan, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes prices of fresh food.

Inflation Rate YoY

1.4%

In Japan, the most important categories in the consumer price index are Food (26 percent of total weight) and Housing (21 percent). Transportation and communications account for 15 percent; Culture and recreation for 9 percent; Fuel, light and water charges for 7 percent; Miscellaneous goods and services for 6 percent; and Medical care for 5 percent. Furniture and household utensils, Clothes and footwear, and Education account for the remaining 10 percent of total weight.

Gfk Consumer Confidence

-23

In the United Kingdom, the consumer confidence survey measures the level of optimism that consumers have about the performance of the economy in the next 12 months. The GfK Consumer Confidence is derived from the survey of about 2,000 consumers which are ask to rate the relative level of past and future economic conditions including personal financial situation, climate for major purchases, overall economic situation and savings level.

Exports

8620000000

New Zealand’s economy is greatly dependent on international trade. It’s been based traditionally on exports from its very efficient agricultural system. The country exports mainly dairy produce, birds' eggs, natural honey, edible products of animal origin (24 percent of total exports), meat and edible meat offal (14 percent), wood and articles of wood (7 percent), fruit and nuts, peel of citrus fruit or melons (5 percent) and beverages, spirits and vinegar (4 percent). The main export partners are China (18 percent of total exports), Australia (17 percent), the US (12 percent), Japan (6 percent), the UK and South Korea (3 percent each).

Imports

6700000000

New Zealand imports mainly vehicles (13 percent), nuclear reactors, boilers, machinery and mechanical appliances (13 percent), fuels (10 percent), electrical machinery and equipment (8 percent), plastics (4 percent) and aircraft, spacecraft (4 percent). Its major import partners are: China (20 percent of total imports), Australia and the US (12 percent each), Japan (7 percent), Germany (5 percent), Thailand and South Korea (4 percent each).

PPI MoM

2.5%

In South Korea, the Producer Price Inflation MoM measures a month-over-month change in the price of goods and services sold by manufacturers and producers in the wholesale market.

PPI YoY

6.9%

Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.

Fed Balance Sheet

The Central Bank Balance Sheet represents the total assets held by a central bank. It reflects the scale of monetary policy actions, including holdings like government securities, foreign reserves, and loans to banks. Changes in the balance sheet indicate shifts in policy, such as easing or tightening financial conditions.

Overall Net Capital Flows

150700000000

Net Treasury International Capital Flows includes all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows.

Foreign Bond Investment

13500000000

Foreign Bond Investment refers to net purchases of US treasury bonds and notes by foreign individuals or companies. Negative figures indicate net sales by foreigners to US residents or a net outflow of capital from the United States.

Net Long-term TIC Flows

81300000000

The Net Long-Term TIC Flows track the flow of Treasury and agency securities, corporate bonds and equities, into and out of the United States.

5-Year TIPS Auction

1.367%

30-Year Mortgage Rate

The Primary Mortgage Market Survey (PMMS) is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20 percent down and have excellent credit. Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. The interest rate a lender would charge to lend mortgage money to a qualified borrower exclusive of the fees and points required by the lender. This commitment rate applies only to conventional financing on conforming mortgages with loan-to-value rates of 80 percent or less.

15-Year Mortgage Rate

30-Year Bond Auction

8-Week Bill Auction

4-Week Bill Auction

EIA Natural Gas Stocks Change

Natural Gas Stocks Change refers to the weekly change of the natural gas supply situation.

CB Leading Index MoM

Philly Fed Prices Paid

47.9

Philadelphia Fed Manufacturing Index is based on The Business Outlook Survey of manufacturers in the Third Federal Reserve District. Participants report the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The index above 0 indicates factory-sector growth, below 0 contraction.

Philly Fed CAPEX Index

30.9

Philadelphia Fed Manufacturing Index is based on The Business Outlook Survey of manufacturers in the Third Federal Reserve District. Participants report the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The index above 0 indicates factory-sector growth, below 0 contraction.

Philly Fed New Orders

-1.7

Philadelphia Fed Manufacturing Index is based on The Business Outlook Survey of manufacturers in the Third Federal Reserve District. Participants report the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The index above 0 indicates factory-sector growth, below 0 contraction.

Philly Fed Employment

-2.8

Philadelphia Fed Manufacturing Index is based on The Business Outlook Survey of manufacturers in the Third Federal Reserve District. Participants report the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The index above 0 indicates factory-sector growth, below 0 contraction.

Jobless Claims 4-week Average

Continuing Jobless Claims

Continuing Jobless Claims refer to actual number of unemployed and currently receiving unemployment benefits who filed for unemployment benefits at least two weeks ago.

Philadelphia Fed Manufacturing Index

-0.4

Philadelphia Fed Manufacturing Index is based on The Business Outlook Survey of manufacturers in the Third Federal Reserve District. Participants report the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The index above 0 indicates factory-sector growth, below 0 contraction.

Initial Jobless Claims

Initial jobless claims refer to the number of people who have filed for unemployment benefits with their state's unemployment agency for the first time during a specific reporting period, typically on a weekly basis. .

CNB Interest Rate Decision

3.5%

In Czech Republic benchmark interest rate is set by the Czech National Bank (Ceská Národní Bank CNB). The official interest rate is the two-week repo rate, a rate at which commercial banks are allowed to place excess funds at the end of the day with the Central Bank.

Raw Materials Prices YoY

31.6%

The raw materials price index (RPMI) reflects the prices paid by Canadian manufacturers for key raw materials. Unlike the industrial product price index, the RMPI includes goods that are not produced in Canada.

Raw Materials Prices MoM

2.6%

The raw materials price index (RPMI) reflects the prices paid by Canadian manufacturers for key raw materials. Unlike the industrial product price index, the RMPI includes goods that are not produced in Canada.

PPI MoM

2%

In Canada, the Producer Price Inflation MoM measures a month-over-month change in the price of goods and services sold by manufacturers and producers in the wholesale market.

PPI YoY

11.4%

In Canada, producer prices change measures the average change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.

Philly Fed Business Conditions

53.2

Philadelphia Fed Manufacturing Index is based on The Business Outlook Survey of manufacturers in the Third Federal Reserve District. Participants report the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The index above 0 indicates factory-sector growth, below 0 contraction.

Private Spending YoY

4%

In Mexico, Consumer Spending refers to purchase of consumer goods and services by resident households. It is a component of GDP.

Aggregate Demand QoQ

2.4%

Aggregate Demand YoY

4.5%

Private Spending QoQ

1%

In Mexico, Consumer Spending refers to purchase of consumer goods and services by resident households. It is a component of GDP.

Foreign Exchange Reserves

In Turkey, Foreign Exchange Reserves refer to gross foreign exchange reserves held or controlled by the country's central bank, excluding gold.

Building Permits YoY

16.9%

Statistics South Africa (Stats SA) conducts a monthly building statistics survey collecting information regarding building plans passed and buildings completed, financed by the private sector, from the largest local government institutions in South Africa. According to these institutions, they are not always notified about low-cost housing projects and therefore do not include the bulk of low-cost dwelling-houses. The monthly survey represents approximately 90 percent of the total value of buildings completed. The statistical unit for the collection of information is a local government institution. Local government institutions include district municipalities, metropolitan municipalities and local municipalities.

BoE MPC Vote Unchanged

In the United Kingdom, benchmark interest rate is set by the Monetary Policy Committee (MPC). The Bank of England official interest rate is the repo rate. This repo rate applies to open market operations of the Bank of England with a group of counterparties (banks, building societies, securities firms).

MPC Meeting Summary

In Turkey, benchmark interest rates are set by the Central Bank of the Republic of Turkey Monetary Policy Committee (Türkiye Cumhuriyet Merkez Bankasi - TCMB). From June 1st 2018, the main interest rate is the one-week repo rate and the overnight borrowing and lending rates will be determined at 150 bps below/above the one-week repo rate. The central bank simplified its monetary policy framework on May 28th 2018 from a different system with four main key rates, with the late liquidity window lending rate being one of the most followed.

BoE MPC Vote Cut

In the United Kingdom, benchmark interest rate is set by the Monetary Policy Committee (MPC). The Bank of England official interest rate is the repo rate. This repo rate applies to open market operations of the Bank of England with a group of counterparties (banks, building societies, securities firms).

MPC Meeting Minutes

In the United Kingdom, benchmark interest rate is set by the Monetary Policy Committee (MPC). The Bank of England official interest rate is the repo rate. This repo rate applies to open market operations of the Bank of England with a group of counterparties (banks, building societies, securities firms).

BoE Interest Rate Decision

In the United Kingdom, benchmark interest rate is set by the Monetary Policy Committee (MPC). The Bank of England official interest rate is the repo rate. This repo rate applies to open market operations of the Bank of England with a group of counterparties (banks, building societies, securities firms).

BoE MPC Vote Hike

In the United Kingdom, benchmark interest rate is set by the Monetary Policy Committee (MPC). The Bank of England official interest rate is the repo rate. This repo rate applies to open market operations of the Bank of England with a group of counterparties (banks, building societies, securities firms).

Current Account

93970000

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

PPI YoY

3.8%

In Portugal, the Industrial Production Price Index aims to show the monthly evolution of transaction prices in economic activities for the domestic and foreign markets. The indices are obtained based on the Survey on Prices in the Production of Industrial Products, carried out by electronic form, with companies based in the national territory, focusing mainly on the extractive, manufacturing and electricity, gas and water industries. About 10123 prices are collected every month. Intermediate goods is the biggest segment of producer prices, accounting for 36 percent of total PPI, followed by consumer goods (31 percent), energy (20 percent) and capital goods (12 percent).

PPI MoM

2.4%

In Portugal, the Producer Price Inflation MoM measures the monthly evolution of transaction prices in economic activities for the domestic and foreign markets. The indices are obtained based on the Survey on Prices in the Production of Industrial Products, carried out by electronic form, with companies based in the national territory, focusing mainly on the extractive, manufacturing and electricity, gas and water industries. About 10123 prices are collected every month. Intermediate goods is the biggest segment of producer prices, accounting for 36 percent of total PPI, followed by consumer goods (31 percent), energy (20 percent) and capital goods (12 percent).

OATi Auction

OAT€i Auction

12-Month DTB Auction

OAT Auction

Construction Output YoY

-1.2%

The production index in construction measures the evolution of output within the construction sector, including building construction and civil engineering.

Bonos y Obligaciones Auction

Norges Bank Monetary Policy Report

In Norway, benchmark interest rate is set by the Central Bank of Norway (Norges Bank). The official interest rate is the key policy rate, also known as sight deposit rate.

Norges Bank Interest Rate Decision

4.25%

In Norway, benchmark interest rate is set by the Central Bank of Norway (Norges Bank). The official interest rate is the key policy rate, also known as sight deposit rate.

Current Account

1748000000

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Current Account

24100000000

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Current Account s.a

Consumer Confidence

-11.3

Current consumer confidence indicator (BWUK) is based on the results of the household survey carried out with the use of the consumer tendency test. The indicator is the arithmetic mean of the evaluations of the previous and predicted (over the following 12 months) changes concerning the household’s financial condition as well as the general economic situation of the country and major purchases currently made. The BWUK may range from –100 to +100. The positive value means that the majority of the consumers express a positive attitude, while the negative value signifies the prevalence of the pessimistic attitudes.

Deposit Facility Rate

4.25%

The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits.

Lending Facility Rate

6%

In Indonesia, lending rate refers to central bank lending facility rate.

Loan Growth YoY

9.98%

In Indonesia, loan growth refers to year over year change in total value of outstanding credits of commercial banks.

Interest Rate Decision

5.25%

In Indonesia the interest rate decisions are taken by The Central Bank of Republic of Indonesia. In April of 2016, policymakers announced the replacement of the official discount interest rate with new 7-day reverse repurchase rate in August 2016. This is the rate at which central banks lend or discount eligible paper for deposit money banks, typically shown on an end-of-period basis.

SNB Interest Rate Decision

0%

In Switzerland, interest rate decisions are taken by the Swiss National Bank. The official interest rate is the SNB policy rate. The SNB seeks to keep the secured short-term Swiss franc money market rates close to the SNB policy rate. SARON is the most representative of these rates today. As of 13 June 2019, the SNB policy rate replaced the target range for the three-month Swiss franc Libor (London Interbank Offered Rate) previously used in the SNB's monetary policy strategy. The reason for this adjustment was that the Libor was becoming less relevant as the most important reference rate owing to the absence of the underlying money market transactions. From 6 September 2011 to 15 January 2015, the main focus of implementation was on the minimum exchange rate of CHF 1.20 per euro, which the SNB enforced during this period. On 18 December 2014, the SNB decided to impose an interest rate of -0.25% on sight deposit account balances. With the announcement of a negative interest rate, the Libor target range used then was taken into negative territory for the first time, and extended to its usual width of 1 percentage point. On 15 January 2015, the SNB lowered the interest rate on sight deposits to -0.75% and moved the target range downwards to between -1.25% and -0.25%. Negative interest has applied since 22 January 2015 and currently corresponds to the SNB policy rate.

Average Earnings excl. Bonus (3Mo/Yr)

3.4%

In the United Kingdom, Average Earnings Excluding Bonuses refers to changes in average weekly earnings, before tax and other deductions and excluding bonuses.

HMRC Payrolls Change

-100000

In the UK, the number of payrolled employees is defined as the number of people receiving paid remuneration included in PAYE RTI within the reference period, including people who have not done work but are an employee - such as those on paid leave.

Claimant Count Change

26500

Claimant count in the United Kingdom measures the change in the number of people claiming unemployment related benefits.

Average Earnings incl. Bonus (3Mo/Yr)

4.1%

In the United Kingdom, wage growth refers to changes in average weekly earnings, before tax and other deductions and including bonuses. The series measures the three-month average growth rate.

Employment Change

148000

In the United Kingdom, employment change refers to the 3-month moving average compared to the previous period in the number of people in employment aged 16 and over.

Unemployment Rate

5%

In the United Kingdom, the headline unemployment rate is the number of unemployed people (aged 16+) divided by the economically active population (aged 16+).

Balance of Trade

3200000000

Switzerland has been running consistent trade surpluses. The biggest trade surpluses are recorded with the US, India, the UK, China, Hong Kong, Japan and Singapore; and the largest deficits were recorded with the UAE, Germany, Ireland, Italy and Thailand.

6-Month T-Bill Auction

1.48%

Unemployment Rate

3.9%

In Netherlands, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

BoJ JGB Purchase

In Japan, the "core core" inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes prices of fresh food and energy.

52-Week Bill Auction

1.1357%

Labor Participation Rate

66.7%

The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.

Part Time Employment Chg

-7900

In Australia, persons employed part time are those employed persons who usually worked less than 35 hours a week in all jobs.

Employment Change

-18600

In Australia, employment change refers to the absolute change in the number of persons who work for pay or profit, or perform unpaid family work. Estimates include both full-time and part-time employment.

Unemployment Rate

4.5%

In Australia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Full Time Employment Chg

-10700

In Australia, full time employment change refers to the change in the number of employed persons who usually work 35 hours or more a week (in all jobs) and those who, although usually working fewer than 35 hours a week, work 35 hours or more during the reference week.