Central Banks Monitor
Monitor the latest developments of central banks of the largest economies in the world using MacroVar's data analytics, real-time economic calendar and central banks news monitor.
Country | Code | Latest % | YoY | Cycle # | Rate Trend (5 years) | Balance Sheet | B/S YoY% | B/S Trend (5 years) |
---|---|---|---|---|---|---|---|---|
United States | US | 5,50 | 5,25 | 52 | 7.224.080 | -12,36 | ||
Canada | CA | 4,75 | 4,50 | -1 | 273.021 | -23,63 | ||
Brazil | BR | 10,50 | 13,75 | 1 | 4.098.640.000 | 0,88 | ||
Mexico | MX | 11,00 | 11,25 | 2 | 4.576.080.000 | 1,34 | ||
Euro Area | EA | 4,25 | 4,00 | 1 | 6.497.700 | -9,62 | ||
Denmark | DK | 3,35 | 2,85 | -1 | 680 | 4,96 | ||
Sweden | SE | 3,75 | 3,50 | 1 | 1.225.400 | -13,65 | ||
Norway | NO | 4,50 | 3,25 | 48 | 18.675.900 | 14,66 | ||
Switzerland | CH | 1,25 | 1,50 | -1 | 843.750 | -9,34 | ||
UK | GB | 5,25 | 4,50 | 53 | 917.270 | -2,56 | ||
Russia | RU | 16,00 | 7,50 | 19 | 62.189.600 | 18,32 | ||
Turkey | TR | 50,00 | 15,00 | 16 | 7.663.250.000 | 91,38 | ||
Poland | PL | 5,75 | 6,75 | 9 | 982.224 | 6,89 | ||
Hungary | HU | 6,75 | 16,00 | 1 | 29.481 | 10,06 | ||
Czech Republic | CZ | 4,75 | 7,00 | -2 | 3.461.640 | 14,73 | ||
South Africa | ZA | 8,25 | 8,25 | 46 | 1.238.950 | 6,44 | ||
Japan | JP | 0,10 | -0,10 | 104 | 7.536.710 | 2,84 | ||
Australia | AU | 4,35 | 4,10 | 42 | 449.342 | -27,34 | ||
New Zealand | NZ | 5,50 | 5,50 | 50 | 84.798 | -10,24 | ||
China | CN | 3,35 | 3,55 | 1 | 429.538 | 2,03 | ||
Hong Kong | HK | 5,75 | 5,50 | 37 | ||||
India | IN | 6,50 | 6,50 | 48 | 33.650 | 19,36 | ||
Indonesia | ID | 6,25 | 5,75 | 42 | ||||
South Korea | KR | 8,25 | 8,25 | 46 | 520.386 | -4,52 | ||
Malaysia | MY | 3,00 | 3,00 | 47 | 632.418 | 4,10 | ||
Taiwan | TW | 2,00 | 1,88 | 7 | 20.712.700 | 5,90 | ||
Philippines | PH | 6,50 | 6,25 | 43 | 7.563 | 4,36 | ||
Thailand | TH | 2,50 | 2,00 | 46 | 9.761.690 | 8,98 |
Central Banks Calendar
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Time | Imp | Event | Country | Actual | Previous | Forecast |
---|---|---|---|---|---|---|
22/10 03:00 | money supply m2 | Indonesia | 7.2% | 7.3% | ||
22/10 04:30 | consumer confidence | Netherlands | -22.0 | -21.0 | -20 | |
22/10 05:00 | unemployment rate | Finland | 8.1% | 7.5% | 7.50% | |
22/10 06:00 | government budget value | United Kingdom | £-16.61B | £-13.02B | £-15.6B | |
22/10 08:00 | retail sales yoy | Poland | -3.0% | 2.6% | 1.8% | |
22/10 08:30 | inflation rate | Hong Kong | 2.2% | 2.5% | 2.5% | |
22/10 10:00 | consumer confidence | Belgium | -5 | -7 | -6 | |
22/10 12:30 | producer prices change | Canada | -0.9% | 0.2% | 1.1% | |
22/10 13:00 | money supply m3 | Poland | 6.5% | 7.8% | 7% | |
22/10 13:30 | government revenues | Brazil | BRL 203.17B | BRL201.62B | BRL 200.0B | |
22/10 14:00 | richmond fed manufacturing index | United States | -14 | -21 | -20 | |
22/10 14:00 | richmond fed services index | United States | 3 | -1 | -2 | |
22/10 17:00 | money supply m2 | United States | $21.22T | $21.18T | ||
22/10 21:00 | consumer confidence | South Korea | 101.7000 | 100 | 101.5 | |
23/10 00:00 | unemployment rate | Slovenia | 4.5% | |||
23/10 05:00 | core inflation rate | Singapore | 2.7% | 3.2% | ||
23/10 05:00 | inflation rate | Singapore | 2.2% | 2.5% | ||
23/10 06:00 | consumer confidence | Denmark | -6.8 | |||
23/10 06:00 | industrial production | Lithuania | 3.4% | |||
23/10 06:00 | industrial production mom | Lithuania | 3.3% | |||
23/10 07:00 | consumer confidence | Turkey | 78.2 | |||
23/10 08:00 | industrial production | Taiwan | 13.42% | |||
23/10 08:00 | retail sales yoy | Taiwan | 1.1% | 1.9% | ||
23/10 08:30 | consumer confidence | Slovenia | -28 | |||
23/10 11:00 | mortgage rate | United States | ||||
23/10 12:00 | retail sales mom | Mexico | 0.7% | |||
23/10 12:00 | retail sales yoy | Mexico | -0.6% | |||
23/10 14:00 | consumer confidence | Eurozone | -12.9 | -12.3 | ||
23/10 16:00 | industrial production | Russia | 3.0% | |||
23/10 21:00 | business confidence | South Korea | 69 | 70 | ||
23/10 22:00 | composite pmi | Australia | ||||
23/10 22:00 | manufacturing pmi | Australia | ||||
23/10 22:00 | services pmi | Australia | ||||
23/10 23:00 | gdp growth rate | South Korea | 0.4% | |||
23/10 23:00 | gdp annual growth rate | South Korea | 2.5% | |||
24/10 00:00 | total vehicle sales | Thailand | -24.98% | |||
24/10 00:00 | building permits | United States | 1.470M | 1.6M | ||
24/10 00:30 | composite pmi | Japan | 52.5 | |||
24/10 00:30 | manufacturing pmi | Japan | 49.7 | |||
24/10 00:30 | services pmi | Japan | 53.1 | |||
24/10 03:00 | government budget value | Philippines | PHP-54.2B | |||
24/10 04:00 | inflation rate | Malaysia | 1.9% | 1.5% | ||
24/10 05:00 | producer prices change | Finland | -2.3% | -1.4% | ||
24/10 05:00 | composite pmi | India | 59.3 | |||
24/10 05:00 | manufacturing pmi | India | 56.5 | |||
24/10 05:00 | services pmi | India | 57.7 | |||
24/10 06:00 | business confidence | Denmark | 3 | |||
24/10 06:00 | unemployment rate | Norway | 4% | 4.0% | ||
24/10 06:45 | business confidence | France | 99 | 100 | ||
24/10 07:00 | business confidence | Czech Republic | 96.8 | |||
24/10 07:00 | consumer confidence | Czech Republic | 97.9 | |||
24/10 07:15 | manufacturing pmi | France | 44.6 | |||
24/10 07:15 | services pmi | France | 49.6 | 51.5 | ||
24/10 07:30 | composite pmi | Germany | 47.5 | 47.8 | ||
24/10 07:30 | manufacturing pmi | Germany | 40.6 | |||
24/10 07:30 | services pmi | Germany | 50.6 | 51.1 | ||
24/10 08:00 | composite pmi | Eurozone | 49.6 | 50.5 | ||
24/10 08:00 | manufacturing pmi | Eurozone | ||||
24/10 08:00 | services pmi | Eurozone | 51.4 | 52 | ||
24/10 08:00 | unemployment rate | Poland | 5% | 5.0% | ||
24/10 08:00 | unemployment rate | Taiwan | 3.36% | 3.40% | ||
24/10 08:20 | money supply m2 | Taiwan | 5.8% | |||
24/10 08:30 | composite pmi | United Kingdom | 52.6 | 53 | ||
24/10 08:30 | manufacturing pmi | United Kingdom | 51.5 | |||
24/10 08:30 | services pmi | United Kingdom | 52.4 | 52.7 | ||
24/10 10:00 | business confidence | United Kingdom | -9 | 8 | ||
24/10 11:30 | foreign exchange reserves | Turkey | ||||
24/10 12:00 | producer prices change | Chile | 9% | 2.8% | ||
24/10 12:30 | continuing jobless claims | United States | ||||
24/10 12:30 | initial jobless claims | United States | ||||
24/10 13:45 | composite pmi | United States | 54.0 | |||
24/10 13:45 | manufacturing pmi | United States | 47.3 | |||
24/10 13:45 | services pmi | United States | 55.2 | |||
24/10 14:00 | new home sales | United States | 0.716M | |||
24/10 15:00 | kansas fed manufacturing index | United States | -18 | |||
24/10 19:00 | retail sales yoy | Argentina | 186.7% | 170.0% | ||
24/10 23:01 | consumer confidence | United Kingdom | ||||
25/10 03:10 | balance of trade | Thailand | $0.26B | $ -0.4B | ||
25/10 03:30 | unemployment rate | Singapore | 2.0% | |||
25/10 05:00 | industrial production | Singapore | 21% | 4% | ||
25/10 05:00 | industrial production mom | Singapore | 6.7% | 0.7% | ||
25/10 06:00 | retail sales mom | Denmark | 0.4% | -0.3% | ||
25/10 06:00 | retail sales yoy | Denmark | 3.1% | 0.0% | ||
25/10 06:00 | loan growth | Sweden | 0.9% | 1.2% | ||
25/10 06:00 | producer prices change | Sweden | 1.2% | 2.4% | ||
25/10 06:30 | unemployment rate | Hungary | 4.3% | 4.20% | ||
25/10 07:00 | producer prices change | Spain | -1.3% | 1.9% | ||
25/10 07:00 | unemployment rate | Spain | 11.27% | 11.60% | ||
25/10 07:00 | business confidence | Turkey | 98.8 | |||
25/10 07:00 | capacity utilization | Turkey | 74.9% | |||
25/10 07:45 | consumer confidence | France | 95 | |||
25/10 08:00 | loan growth | Eurozone | 0.6% | 0.4% | ||
25/10 08:00 | loans to private sector | Eurozone | 0.8% | |||
25/10 08:00 | money supply m3 | Eurozone | 2.9% | 3.0% | ||
25/10 08:00 | business confidence | Germany | 85.4 | 85.5 | ||
25/10 08:00 | ifo current conditions | Germany | ||||
25/10 08:00 | business confidence | Italy | 86.7 | 90 | ||
25/10 08:00 | consumer confidence | Italy | 98.3 | |||
25/10 08:30 | business confidence | Hong Kong | -1 | 10 | ||
25/10 08:30 | business confidence | Slovenia | -7 | -4 | ||
25/10 09:30 | producer prices change | South Africa | 2.8% | 2.5% | ||
25/10 10:00 | loan growth | Greece | 2.4% | |||
25/10 10:00 | balance of trade | Luxembourg | €-0.72B | |||
25/10 11:30 | foreign exchange reserves | India | ||||
25/10 12:30 | retail sales mom | Canada | 0.9% | 0.5% | ||
25/10 12:30 | retail sales yoy | Canada | 0.9% | |||
25/10 12:30 | retail sales ex autos | Canada | 0.4% | |||
25/10 12:30 | durable goods orders | United States | 0.0% | 0.9% | ||
25/10 12:30 | durable goods orders ex defense | United States | -0.2% | 1.5% | ||
25/10 12:30 | durable goods orders ex transportation | United States | 0.2% | |||
25/10 13:00 | business confidence | Belgium | ||||
25/10 14:00 | consumer confidence | United States | 70.1 | |||
25/10 15:00 | government budget value | Canada | C$-4.4B | C$-3.5B | ||
28/10 02:00 | consumer confidence | Taiwan | 77.84 | |||
28/10 04:00 | producer prices change | Malaysia | 0.3% | 1.3% | ||
28/10 05:00 | producer prices change | Singapore | -3% | 1.3% | ||
28/10 06:00 | consumer confidence | Finland | -8.1 | |||
28/10 06:00 | retail sales yoy | Lithuania | 3.8% | 2% | ||
28/10 07:00 | foreign direct investment | Vietnam | $17.3B | |||
28/10 08:00 | retail sales mom | Spain | 0.4% | 0.2% | ||
28/10 08:00 | retail sales yoy | Spain | 2.3% | 1% | ||
28/10 08:30 | balance of trade | Hong Kong | H$-33.1B | H$ -57B | ||
28/10 08:30 | retail sales mom | Slovenia | -0.7% | |||
28/10 08:30 | retail sales yoy | Slovenia | 1.6% | 7.8% | ||
28/10 12:00 | balance of trade | Mexico | $-4.868B | $ -3.3B | ||
28/10 14:30 | dallas fed manufacturing index | United States | -9 | |||
28/10 23:30 | unemployment rate | Japan | 2.5% | |||
29/10 02:00 | balance of trade | Vietnam | $2.29B | |||
29/10 02:00 | industrial production | Vietnam | 10.8% | |||
29/10 02:00 | inflation rate | Vietnam | 2.63% | |||
29/10 02:00 | retail sales yoy | Vietnam | 7.6% | |||
29/10 06:00 | consumer confidence | Germany | -21.2 | |||
29/10 06:00 | money supply m3 | South Africa | 6.11% | |||
29/10 07:00 | gdp growth rate | Sweden | -0.8% | 0.6% | ||
29/10 07:00 | gdp annual growth rate | Sweden | 0% | 0.1% | ||
29/10 07:00 | retail sales mom | Sweden | 0.4% | 0.2% | ||
29/10 07:00 | retail sales yoy | Sweden | 0.5% | -3.1% | ||
29/10 09:00 | manufacturing pmi | Austria | 42.8 | |||
29/10 10:00 | gdp growth rate | Belgium | 0.2% | 0.4% | ||
29/10 10:00 | gdp annual growth rate | Belgium | 1.1% | 1.4% | ||
29/10 10:00 | retail sales mom | Latvia | 0.3% | |||
29/10 10:00 | retail sales yoy | Latvia | 0.8% | 2.5% | ||
29/10 11:00 | gdp growth rate | Ireland | -1% | 0.8% | ||
29/10 11:00 | gdp annual growth rate | Ireland | -4% | 1.2% | ||
29/10 11:00 | retail sales mom | Ireland | -1.5% | 1.1% | ||
29/10 11:00 | retail sales yoy | Ireland | 3.5% | |||
29/10 11:30 | current account | Brazil | $-6.59B | $ -3.5B | ||
29/10 11:30 | foreign direct investment | Brazil | $6.1B | $ 4.2B | ||
29/10 12:00 | unemployment rate | Chile | 8.9% | |||
29/10 14:00 | job offers | United States | 8.04M | 8.4M |
Central Banks News
Time | Headlines | |
---|---|---|
2024-10-22 23:20 | Enphase CEO: California Market Stabilized | |
2024-10-22 23:19 | North Korea's Kim Jong-un inspects missile bases, according to KCNA. | |
2024-10-22 23:18 | Harris Anticipates Trump Claiming Victory Before Vote Tally: NBC | |
2024-10-22 23:18 | Harris discusses remarks during interview with NBC | |
2024-10-22 23:17 | Bill Gates supports Harris with $50 million donation: NYT | |
2024-10-22 23:17 | McDonald's links E. coli outbreak to single onion supplier. |
Central Bank's Role in Monetary Policy
Interest Rates
1. Policy Interest Rates
- Definition: Central banks set the policy interest rate, which is the rate at which they lend to commercial banks. This rate influences other interest rates in the economy, including those for loans and deposits.
- Mechanism: By changing the policy rate, central banks can influence economic activity.
- Lowering Interest Rates: When a central bank lowers interest rates, borrowing becomes cheaper, encouraging businesses and consumers to take loans and spend more, which can stimulate economic growth.
- Raising Interest Rates: Conversely, when the central bank raises interest rates, borrowing becomes more expensive, which can slow down spending and investment, helping to control inflation.
2. Forward Guidance
- Definition: This is a communication strategy used by central banks to influence expectations about future interest rates.
- Mechanism: By providing guidance on the future path of interest rates, central banks can shape economic expectations and behavior. For instance, if a central bank signals that rates will remain low for an extended period, it can encourage spending and investment.
Balance Sheet Operations
1. Open Market Operations (OMOs)
- Definition: These are the buying and selling of government securities in the open market to regulate the supply of money.
- Mechanism:
- Buying Securities: When a central bank buys government securities, it adds money to the banking system, increasing liquidity and encouraging lending and investment.
- Selling Securities: When it sells securities, it takes money out of circulation, reducing liquidity and potentially slowing down economic activity.
2. Quantitative Easing (QE)
- Definition: QE is a type of monetary policy where a central bank purchases longer-term securities from the open market to increase the money supply and encourage lending and investment.
- Mechanism: By buying assets such as government bonds, mortgage-backed securities, and other financial instruments, the central bank increases the reserves of banks, encouraging them to lend more. This is typically used when conventional monetary policy (like lowering interest rates) is not sufficient, especially when interest rates are already near zero.
3. Balance Sheet Composition
- Definition: The central bank’s balance sheet consists of its assets and liabilities, and the composition of these can influence monetary policy.
- Mechanism: By holding different types of assets (e.g., government bonds, mortgage-backed securities), the central bank can influence specific sectors of the economy. For example, purchasing mortgage-backed securities can specifically target the housing market.
Objectives of Using Interest Rates and Balance Sheet
1. Inflation Control
- Central banks aim to keep inflation within a target range. By adjusting interest rates and using balance sheet operations, they can influence demand in the economy, helping to control price levels.
2. Employment and Economic Growth
- Central banks also aim to achieve maximum sustainable employment. Lowering interest rates and increasing the money supply can stimulate economic growth and reduce unemployment.
3. Financial Stability
- Through their policies, central banks strive to maintain stability in the financial system. This includes managing liquidity in the banking system and ensuring that financial institutions operate smoothly.