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Option Banque is a brand owned and operated by Capital Street BancClear Corporation Limited with registered address Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, SVG.

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Top 3 Economic Releases of the Week -

Sep, 14th 00:00

A number important economic reports are scheduled this week which may incite high volatility across the financial markets. Let’s take a quick look at the top 3 importance releases of the week.

UK inflation data: Tuesday, 8:30. Consumer price index inched 0.1% in July after remaining nearly flat for the past six months and turning negative in April. The prices of clothing declined less than anticipated prompting the small rise in CPI. Analysts forecast inflation will remain in low levels due to the drop in oil prices. Despite rising speculation over the Central Bank’s rate hike timetable, it seems that the BOE will raise rates only on the second half of 2016. UK inflation is expected to decline once again to 0.0%.

US Inflation data: Wednesday, 12:30. U.S. consumer prices increased mildly in July as airline fares recorded their biggest decline since 1995. Consumer Price Index inched 0.1%. July’s rise registered the sixth consecutive monthly increase. Despite low inflation levels, the Federal Reserve is confident that inflation will pick-up and reach the 2% target. Fed officials made clear that they do not need to see higher inflation before hiking and that lack of inflation is no reason to delay the raise. Also, core CPI, excluding food and energy costs, rose only 0.1% mainly because of the 5.6% decline in airline fares. CPI is expected to decline by 0.1% and Core inflation is predicted to rise 0.1%.

Switzerland: Rate decision: Thursday, 6:30. Swiss National Bank maintained rates during its meeting in June, in line with market forecast. Economists expect the SNB to keep key rates at -0.75% in the near. The Central Bank raised its inflation projections for 2015-16, but lowered its forecast for 2017. Policy makers announced the Bank would leave the current interest rate level for now and monitor its effects closely. The Central Bank is expected to maintain the negative rates at -0.75%.

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