3-Month Bill Auction

6-Month Bill Auction

Central Government Debt

14765000000000

In Turkey, Government Debt refers to the central government gross debt stock in local and foreign currencies.

Consumer Confidence Flash

-19

In Euro Area, the Consumer Economic Sentiment Indicator measures the level of optimism that consumers have about the economy. The survey is made by phone and covers 23 000 households in the Euro Area. The number of households sample varies across the zone. The questions focus on current economic and financial situation, savings intention as well as on expected developments regarding: consumer price indexes, general economic situation and major purchases of durable goods. The Consumer ESI measures consumer confidence on a scale of -100 to 100, where -100 indicate extreme lack of confidence, 0 neutrality and 100 extreme confidence.

6-Month BTF Auction

3-Month BTF Auction

12-Month BTF Auction

CPI Common YoY

2.5%

The CPI Common is a measure of core inflation in Canada, along with the CPI Median and the CPI Trimmed-Mean, that aims to gauge underlying inflation in the Canadian economy. The index tracks common changes across categories in the CPI basket. It uses a factor model to detect common variations, which helps filter out price movements that might be caused by factors specific to certain components.

CPI Trimmed-Mean YoY

2%

CPI Trimmed is a measure of core inflation that excludes CPI components whose rates of change in a given month are located in the tails of the distribution of price changes. This measure helps filter out extreme price movements that might be caused by factors specific to certain components. In particular, CPI-trim excludes 20 percent of the weighted monthly price variations at both the bottom and top of the distribution of price changes, and thus it always removes 40 percent of the total CPI basket.

CPI Median YoY

2.1%

CPI median is a measure of core inflation corresponding to the price change located at the 50th percentile (in terms of the CPI basket weights) of the distribution of price changes in a given month. This measure helps filter out extreme price movements specific to certain components. This approach is similar to CPI-trim as it eliminates all the weighted monthly price variations at both the bottom and top of the distribution of price changes in any given month, except the price change for the component that is the midpoint of that distribution.

Inflation Rate MoM

0.4%

Inflation Rate MoM measures month over month change in the price of goods and services.

Core Inflation Rate MoM

0.2%

Core Inflation Rate YoY

2.1%

In Canada, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes eight of the most volatile components identified by the Bank of Canada including: fruit, fruit preparations and nuts; vegetables and vegetable preparations; mortgage interest cost; natural gas; fuel oil and other fuels; gasoline; inter-city transportation; and tobacco products and smokers' supplies. It also excludes the effect of changes in indirect taxes.

Inflation Rate YoY

2.8%

In Canada, the most important categories in the CPI basket are Shelter (30 percent of the total weight) and Transportation (17 percent). Food accounts for 16 percent; Household Operations, Furnishings and Equipment for 15 percent; Recreation, Education and Reading for 9 percent; Health and Personal Care for 5 percent; Alcoholic Beverages and Tobacco Products for 5 percent and Clothing and Footwear for the remaining 4 percent. The CPI basket is reviewed every four years on the basis of household surveys. The current weights are based on spending patterns in 2002.

Infrastructure Output YoY

1.7%

In India, infrastructure output refers to a combined index that measures the performance of Eight Core Industries: refinery production (weight: 28%), electricity generation (19.9%), steel production (17.9%), coal production (10.3%), crude oil production (8.9%), natural gas production (6.9%), cement production (5.4%) and fertilizers production (2.6%). Infrastructure accounts for nearly 40 percent of India's industrial output.

BCB Focus Market Readout

In Brazil, interest rate decisions are taken by The Central Bank of Brazil's Monetary Policy Committee (COPOM). The official interest rate is the Special System of Clearance and Custody rate (SELIC) which is the overnight lending rate.

Current Account

47000000

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Unemployment Rate

6.3%

In Luxembourg, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.

Wholesale Prices MoM

0.2%

In Ireland, Wholesale Price Inflation MoM measures a month-over-month change in the price of goods and services sold by manufacturers and producers in the wholesale market.

Wholesale Prices YoY

1.4%

Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.

364-Day T-Bill Auction

7.81%

91-Day T-Bill Auction

7.26%

182-Day T-Bill Auction

7.54%

273-Day T-Bill Auction

7.76%

Consumer Confidence

-10

In Belgium, the consumer confidence indicator supplies concise information on consumers’ confidence regarding the progress of the economy. The index is based on a monthly telephone survey of more than 1,000 consumers on their outlook for the country's job and economic prospects as well as their own financial situation and ability to save money. The index is the balance of positive and negative replies, with a figure of zero meaning Belgians are evenly split on whether things will improve or worsen for consumers in the next year.

Current Account

93900000000

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Tourist Arrivals YoY

-9.44%

In Turkey, tourist arrivals refer to the number of visiting foreigners.

External Debt

234390000000

In Czech Republic, external debt is a part of the total debt that is owed to creditors outside the country.

Business Confidence

-4.1

In Poland, business tendency survey in manufacturing is based on a survey of 3500 companies producing consumer, investment and supply goods. The business tendency questionnaires contain questions related to the basic features of the economic situation in industry: general economic situation of the company, order-books, production, stocks, financial situation, employment, prices, production capacity, capacity utilization, duration of assured production, limits to activity, competitive position. On the basis of gathered replies indicators are calculated. These indicators are weighted by the value of sold production of manufacturing in current prices and their range varies from -100 to +100. Positive value means good business situation, negative – bad one. Increase (decrease) of indicator means improving (worsening) of the business situation from the enterprises point of view.

Corporate Sector Wages YoY

5.4%

In Poland, Corporate Sector Wages measures year over year change in average monthly gross wage in the enterprise sector.

Retail Sales YoY

1.3%

In Poland, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.

Employment Growth YoY

-0.9%

In Poland, employment growth refers to the annual change of employment in the enterprise sector, which concerns units employing more than 9 persons and conducting economic activity within the scope of the following areas: forestry and logging; marine fishing; mining and quarrying; manufacturing; electricity, gas, steam and air conditioning supply; water supply; sewerage, waste management and remediation activities; construction; wholesale and retail trade; repair of motor vehicles and motorcycles; transportation and storage; accommodation and food service activities; information and communication; real estate activities; legal and accounting activities; activities of head offices; management consultancy activities; architectural and engineering activities; technical testing and analysis; advertising and market research; other professional, scientific and technical activities; administrative and support service activities; arts, entertainment and recreation; repair of computers and personal and household goods; other personal service activities.

PPI YoY

1.9%

Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.

Consumer Confidence

85.8

In Turkey, Consumer Tendency Survey aims to measure present situation assessments and future period expectations of consumers' on personal financial standing and general economic course and to determine consumers' expenditure and saving tendencies for near future. The survey covers a randomly selected sample of all individuals at the age of 15 and above having a job in urban and rural areas. The index is evaluated between 0 and 200. The reading above 100 means consumers are optimistic and below 100 are pessimistic.

Loan Growth YoY

4.4%

Loan growth in Norway refers to an annual change in the general public’s gross domestic debt.

Consumer Confidence

-19.8

In Denmark, the consumer confidence indicator analyzes the consumer climate through questions about the economic situation as perceived by consumers at a given time concerning both the general economic situation in Denmark and the financial situation of the family. At present an omnibus survey consists of a sample of about 1,500 persons, drawn from a population of persons aged 16-74 years residing in Denmark.

Consumer Confidence

-46

In the Netherlands, the Consumer Confidence survey is made by phone and covers 1,000 households. The questions cover the consumer’s assessments on national economy and own financial situation for the past 12 months and expectations for the coming 12 months. The index is then calculated as a difference between the percentage of participants that are optimistic and the share that is pessimistic. Therefore, the index takes a value between -100 (all respondents assess their situation as poor and expect it to become worse) and 100 (all participants are satisfied with the current situation and expect it to improve); 0 indicates neutrality.

40-Year JGB Auction

3.84%

5-Year KTB Auction

3.94%

Loan Prime Rate 5Y

3.5%

Loan Prime Rate 1Y

3%

The People’s Bank of China (PBOC) on August 17th, 2019, designated the Loan Prime Rate (LPR) the new lending benchmark for new bank loans to households and businesses, replacing the central bank’s benchmark one-year lending rate. The rate is based on a weighted average of lending rates from 18 commercial banks, which will submit their LPR quotations, based on what they have bid for PBOC liquidity in open market operations, to the national interbank funding center before 9am CST on the 20th of every month.