Date
GMT+00:00
Event Value
Mar, 19 12:00
★★★
BoE Interest Rate Decision
BoE Interest Rate Decision
Country:
Date: Mar, 19 12:00
Importance: High
Previous: 3.75%
Forecast: 3.75%
Actual: -
Period: Mar

The announcement of whether the Bank of England has increased, decreased or maintained the key interest rate. The BoE meets monthly to decide on monetary policy. After each meeting policy decisions are announced. The main task of the Bank of England's Monetary Policy Committee is to set the monetary stance by fixing the overnight borrowing rate, which is incremental in determining the short-term rates. Through this mechanism, the BoE attempts to affect price levels in order to keep inflation within the target range while maintaining stable economic growth and employment.

The BOE Rate decision has great influence on financial markets. Changes in rates affect interest rates for consumer loans, mortgages, bond, and the exchange rate of the pound. Increases in rates or even expectations of increases tend to cause the pound to appreciate, while rate decreases cause the currency to depreciate.

3.75%
Mar, 19 12:00
★★★
MPC Official Bank Rate Votes
MPC Official Bank Rate Votes
Country:
Date: Mar, 19 12:00
Importance: High
Previous: 0-4-5
Forecast: 0-2-7
Actual: -
Period: Mar

This indicator shows how the BoE's Monetary Policy Committee voted. Published monthly, 13 days after the decision on interest rate was announced

0-4-5
Mar, 19 12:00
★★★
Monetary Policy Summary
Monetary Policy Summary
Country:
Date: Mar, 19 12:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
It's among the primary tools the MPC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes.
Mar, 19 12:30
★★★
Unemployment Claims
Unemployment Claims
Country:
Date: Mar, 19 12:30
Importance: High
Previous: 213K
Forecast: 215K
Actual: -
Period: Mar

The indicator shows the number of unemployed people in the USA.

213K
Mar, 19 12:30
★★
Continuing Claims
Continuing Claims
Country:
Date: Mar, 19 12:30
Importance: Medium
Previous: 1850K
Forecast: 1850K
Actual: -
Period: Mar

Continuing claims refers to unemployed workers that qualify for benefits under unemployment insurance. In order to be included in continuing claims, the person must have been covered by unemployment insurance and be currently receiving benefits. Data on unemployment claims is published by the Department of Labor on a weekly basis, allowing for frequent updates on the levels of unemployment.

1850K
Mar, 19 12:30
★★
Philadelphia Fed Manufacturing Index
Philadelphia Fed Manufacturing Index
Country:
Date: Mar, 19 12:30
Importance: Medium
Previous: 16.3
Forecast: 17.5
Actual: -
Period: Mar

It is a survey conducted by the Philadelphia Fed questioning manufacturers in the Third Federal Reserve District on general business conditions. Conducted since 1968, the "Philly Fed" survey is an established report, valued for its timeliness, scope of coverage and tendency to forecast developments in the market moving ISM Manufacturing figure.

Higher Philadelphia Fed Survey figures indicate a positive outlook from manufacturers suggesting increased production. Higher production contributes to economic growth, which is generally bullish for the dollar.

Results are calculated as the difference between percentage of positive and negative scores; zero acts as the centerline point.

16.3
Mar, 19 13:15
★★
Deposit Facility Rate
Deposit Facility Rate
Country:
Date: Mar, 19 13:15
Importance: Medium
Previous: 2.00%
Forecast: 2.00%
Actual: -
Period: Mar

Financial institutions can place surplus funds in the European Central Bank-administered Marginal Lending Facility to be loaned to institutions requiring overnight loans to meet temporary cash shortages. The Deposit Rate is the interest paid to depositors when they place funds with their respective national Central Bank within the Eurosystem.

2.00%
Mar, 19 13:15
★★
Marginal Lending Facility
Marginal Lending Facility
Country:
Date: Mar, 19 13:15
Importance: Medium
Previous: 2.40%
Forecast: 2.40%
Actual: -
Period: Mar

A mechanism that central banks use when lending funds to primary dealers. Lending facilities provide financial institutions with access to funds in order to satisfy reserve requirements using the overnight lending market. Lending facilities are also used to increase liquidity over longer periods such as by using term auction facilities.

2.40%
Mar, 19 13:45
★★★
ECB Press Conference
ECB Press Conference
Country:
Date: Mar, 19 13:45
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The European Central Bank press conference following interest rate announcement.

Mar, 19 14:00
★★
New Home Sales
New Home Sales
Country:
Date: Mar, 19 14:00
Importance: Medium
Previous: 745K; -1.7%
Forecast: 722K
Actual: -
Period: Jan

Records sales of newly constructed residences in the United States. The figure is a timely gauge of housing market conditions counting home sales when initial housing contracts are signed. Because New Home Sales usually trigger a sequence of consumption, they have significant market impact upon release. In addition to the high expenditure of the new home, buyers are likely to spend more money on furnishing customizing and financing their home. Consequently, growth in the housing market spurs more consumption, generating demand for goods, services and the employees who provide them.

Generally, the housing market is tracked by a number of reports that mark different stages of the construction and home sale process. The first stage is Building Permits, which precede Housing Starts, which lead to Construction Spending, MBA Mortgage Applications and, finally, New Home Sales and Existing Home Sales. As the headline housing figure, New Home Sales are believed to control some of the volatility of other data. For instance, Building Permits and Housing Starts are considered more indicative of business confidence and production rather than consumer spending. And while Existing Home Sales figures are more indicative of consumer expenditures, they are lagging indicators with less predictive value. New Home Sales numbers are considered confirmatory of housing trends and still predictive of consumer spending.

New Home Sales is also a good indicator of economic turning points due to its sensitivity to consumer income. Buying a house is always a major expenditure, typically only undertaken when consumers have sufficient savings or are optimistic about future earnings. Historically, when economic conditions slow, New Home Sales are one of the first indicators to reflect the change. By the same token, New Home Sales undergo substantial growth when the economy has emerged from recession and wages have begun to pick up.

The report headline is the total amount of properties sold.

745K; -1.7%
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