Summary of the most interesting economic events from the business week of 24 - 30 October 2022

Welcome to the latest October recap of the events we focused on during the last trading week, which brought a few surprises worth remembering.

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On Thursday, the ECB raised the key interest rate by 75 basis points, as the market expected. This was "only" the third rate hike in a row and we are currently at 2 %.

TIP: Recording of the ECB press conference


The US economic downturn gathered considerable momentum in October, while confidence in the outlook also deteriorated sharply.


The surprise of the week came on Wednesday, when the Bank of Canada (BOC) raised its base rate by 50 basis points, compared to the 75 bp it had announced.


The end of the trading week closed with the Bank of Japan meeting, where the central bank decided to leave rates unchanged again.

And what's in store for the current trading week?

In the current trading week, we expect a total of four central bank meetings, which are sure to bring a degree of volatility to the markets.


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