Canadian CPI

Canadian CPI

CPI (Consumer Price Index) is the main inflation indicator. As inflation affects monetary policy of a central bank, there are no doubts that traders should pay attention to CPI releases. The Bank of Canada continues to keep the interest rate unchanged. To raise the key rate the central bank needs a push from the economic data. If the CPI is greater than the forecast, the CAD will appreciate. Look at the CPI data at 15:30 MT time on May 18 to trade the Canadian dollar.

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The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.

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The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time. 

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Don’t waste your time – keep track of how NFP affects the US dollar and profit!

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