Summary of the most interesting economic events from the trading week of September 5 - 11, 2022

Last week we saw decisions from three central banks.

Read on to find out more.

EUR

The European Central Bank raised its key interest rate for the second consecutive day. The ECB decided to raise rates as expected by the markets to the current 1.25 % (+75 bp).

CAD

The BOC held to its plans and raised the rate by 75 basis points. This is the highest since April 2008.

TIP: You can read the full report here:

https://www.bankofcanada.ca/2022/09/fad-press-release-2022-09-07/

AUD

TIP: You can read the full report here:

https://www.rba.gov.au/media-releases/2022/mr-22-28.html

On Tuesday, the Reserve Bank of Australia (RBA) also decided to change the interest rate, which also did not surprise the markets and raised rates by the planned 50 basis points.

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

The current trading week will be weaker on economic data.

During the week, we will be looking mainly at the latest data on inflation in the euro area, the US and the UK.

Sources:

https://www.investing.com

https://www.forexlive.com

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