Economic Calendar

Time
Currency
Country
Impact
Events
Period
Actual
Forecast
Previous
02:00
EUR
Germany
Producer Price Index y/y
December
-0.2%
-0.2%
-0.7%
02:00
EUR
Germany
Producer Price Index m/m
December
0.1%
0.2%
0.0%
22:00
JPY
Japan
Interest Rates Decision
21.01.2020
-0.10%
-
-0.10%
02:00
Producer Price Index y/y
GermanyEUR
Period
December
Actual
-0.2%
Forecast
-0.2%
Previous
-0.7%
The index of producer prices for industrial products (domestic sales) measures on a representative basis the development of the prices of products which are produced in mining and manufacturing or in the energy and water industries and are sold inside the country. These price statistics cover both the sales of industrial products to domestic buyers at different stages in the economic process and the sales between industrial enterprises. As the index of producer prices measures price changes at an early stage in the economic process, it can serve as an indicator of future inflation trends. This is the percentage change compared with the corresponding period in the previous year.
02:00
Producer Price Index m/m
GermanyEUR
Period
December
Actual
0.1%
Forecast
0.2%
Previous
0.0%
The index of producer prices for industrial products (domestic sales) measures on a representative basis the development of the prices of products which are produced in mining and manufacturing or in the energy and water industries and are sold inside the country. These price statistics cover both the sales of industrial products to domestic buyers at different stages in the economic process and the sales between industrial enterprises. As the index of producer prices measures price changes at an early stage in the economic process, it can serve as an indicator of future inflation trends. This is the percentage change compared with the previous month.
22:00
Interest Rates Decision
JapanJPY
Period
21.01.2020
Actual
-0.10%
Forecast
-
Previous
-0.10%
The Bank of Japan, as the central bank of Japan, decides and implements monetary policy with the aim of maintaining price stability. In implementing monetary policy, the Bank influences the volume of money and interest rates for the purpose of currency and monetary control, by means of its operational instruments, such as money market operations including buying and selling of Japanese government securities (JGSs). The basic stance for monetary policy is decided by the Policy Board at Monetary Policy Meetings (MPMs). At MPMs, the Policy Board discusses the economic and financial situation, decides the guideline for money market operations, and announces decisions immediately after the meeting concerned. Based on the guideline, the Bank sets the amount of daily money market operations and chooses types of operational instruments, and provides and absorbs funds in the market. MPMs are held once or twice a month, for one or two days. The Policy Board members discuss and decide the guideline for monetary market operations at MPMs. The monetary policy decisions are made by a majority vote of the nine members of the Policy Board, which consists of the Governor, the two Deputy Governors, and the six other members. Тhe Bank immediately releases its decisions on monetary policy, such as the guideline for money market operations and its views on economic and financial developments, after each MPM. In addition, regular press conferences by the Governor, the chairman of the Policy Board, are held to explain details of the monetary policy decisions. The Bank also releases the minutes of MPMs, and releases their transcripts ten years later, to clarify points discussed by the Policy Board in the process of reaching decisions. In addition, the Bank prepares and submits the Semi-annual Report on Currency and Monetary Control to the Diet, in June and December each year, and explains its policies.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Risk warning
Icons/ic_arrow_downCreated with Sketch.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.