ECB Cipollone Speech

In the Euro Area, benchmark interest rate is set by the Governing Council of the European Central Bank. The primary objective of the ECB’s monetary policy is to maintain price stability which is to keep inflation below, but close to 2 percent over the medium term. In times of prolonged low inflation and low interest rates, ECB may also adopt non-standard monetary policy measures, such as asset purchase programmes. The official interest rate is the Main refinancing operations rate.

Eid ul-Fitr

Hari Raya Puasa

Ramadan Feast

Human Rights Day

M2 Money Supply YoY

9.7%

Russia Money Supply M2 includes M1 plus short-term time deposits in banks.

Baker Hughes Oil Rig Count

412

US Crude Oil Rigs refer to the number of active US rigs drilling for oil in a given week.

Baker Hughes Total Rigs Count

553

US Total Rigs refer to the number of active US rigs drilling in a given week.