02:30 |
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Wage Cost Index
|
4 quarter |
0.8%; 3.5% |
0.8%; 3.2% |
0.7%; 3.2% |
میڈیم
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Measures quarterly changes in Australian wages. Two versions of the Labor Price Index exist: one which includes bonuses, and one which excludes them. The Labor Price Index is similar to the US Employment Cost Index, an early indicator of wages pressure on inflation. An increase in the index suggests rising inflation pressures because firms tend to eventually pass higher labor costs onto consumers in the form of higher prices.
The headline figure is the quarterly percentage change in the Labor Price Index.
Technical note: The index is constructed by combining 8 separate indexes. The 4 wage price indices are:
• ordinary time hourly rates of pay excluding bonuses index
• ordinary time hourly rates of pay including bonuses index
• total hourly rates of pay excluding bonuses index
• total hourly rates of pay including bonuses index
The 4 non-wage price indices are:
• annual and public holiday leave
• superannuation
• payroll tax
• workers' compensation |
03:00 |
|
Official Cash Rate
|
Feb |
4.25% |
3.75% |
3.75% |
ہائی
|
The Official Cash Rate (OCR) is the interest rate set by the Reserve Bank to meet the inflation target specified in the Policy Targets Agreement (PTA). The current PTA, signed in September 2012, defines price stability as annual increases in the Consumers Price Index (CPI) of between 1 and 3 per cent on average over the medium term, with a focus on keeping future average inflation near the 2 percent target midpoint. |
03:00 |
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RBNZ Rate Statement
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ہائی
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The Reserve Bank of New Zealand (RBNZ) releases this statement in connection to its recent decision on short-term interest rates. Interest rates are a primary determinant of a currency's value and these statements are used by traders to determine future monetary policy decisions. |
03:00 |
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RBNZ Monetary Policy Statement
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ہائی
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The RBNZ is issued regarding the recent decision on interest rates and is required to include all details on how the bank will achieve its inflation targets and how it intends on achieving its recent monetary policy decisions. |
04:00 |
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RBNZ Press Conference
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ہائی
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Reserve Bank of New Zealand press conference.
The Bank's press conference summarizes the main points of the assessment of the current situation, both in New Zealand itself and outside it. Traders and investors are trying to catch the hints of changing the current rate, that is, raising or lowering the rate, or maintaining the status quo. Unexpected comments can cause very serious movements. |
09:00 |
|
Consumer Price Index
|
Jan |
0.3%; 2.5% |
-0.3%; 2.8% |
-0.1%; 3.0% |
ہائی
|
The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP. |
09:00 |
|
Consumer Price Index-Core
|
Jan |
3.2% |
3.7% |
3.7% |
میڈیم
|
CPI assesses changes in the cost of living by measuring changes consumer pay for a set of items. CPI serves as the headline figure for inflation. Simply put, inflation reflects a decline in the purchasing power of the dollar, where each dollar buys fewer goods and services. In terms of measuring inflation, CPI is the most obvious way to quantify changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical American household might purchase. An increase in the Consumer Price Index indicates that it takes more dollars to purchase the same set basket of basic consumer items.
Inflation is generally bad news for the economy, causing instability, uncertainty and hardship. To address inflation, the Fed may raise interest rates. However, the Fed relies on the PCE Deflator as its primary gauge of inflation because the CPI does not account for the ability of consumer to substitute out of CPI's set. Price changes tend to cause consumers to switch from buying one good to a less expensive-other, a tendency that the fixed-basket CPI figure does not yet account for. Given that the PCE Deflator is a more comprehensive calculation, based on changes in consumption; it is the figure the Fed prefers.
The figure is released monthly, as either a month over month annualized percentage change, or percentage change for the full year. The figure is seasonally adjusted to account seasonal consumption patterns.Inflation is generally bad news for the economy, causing instability, uncertainty and hardship. To address inflation, the Fed may raise interest rates. However, the Fed relies on the PCE Deflator as its primary gauge of inflation because the CPI does not account for the ability of consumer to substitute out of CPI's set. Price changes tend to cause consumers to switch from buying one good to a less expensive-other, a tendency that the fixed-basket CPI figure does not yet account for. Given that the PCE Deflator is a more comprehensive calculation, based on changes in consumption; it is the figure the Fed prefers.
The figure is released monthly, as either a month over month annualized percentage change, or percentage change for the full year. The figure is seasonally adjusted to account seasonal consumption patterns. |
09:00 |
|
Retail price index
|
Jan |
0.3%; 3.5% |
-0.1%; 3.7% |
-0.1%; 3.6% |
میڈیم
|
In the United Kingdom, the Retail Prices Index or Retail Price Index (RPI) is a measure of inflation published monthly by the Office for National Statistics. |
09:00 |
|
PPI Input
|
Jan |
0.2%; -1.3% |
0.7%; -0.5% |
0.8%; -0.1% |
میڈیم
|
A monthly survey that measures change in input prices as incurred by UK manufacturers. Input prices include the cost of materials used plus operation costs of running the business. The index can be used as a measure of inflation, given that higher input costs will likely be passed on from producers to consumers in the form of higher retail prices. The headline is the percentage change in the Producer Price Index (Input) from the previous quarter and previous year. |
15:30 |
|
Building Permits
|
Jan |
1483K; -0.7% |
1460K |
|
میڈیم
|
The number of new building projects authorized for construction. The figure is widely used as an indicator for developments in the housing market, since receiving a permit to build is the first step in the construction process. Thus growth in Building Permits reflects growth in the construction sector. Also, due to the high outlays needed for construction projects, an increase in Building Permits suggests corporate and consumer optimism. Additionally, because leading indicators for the housing market respond quickly to changes in the business cycle, the Building Permit figure can act as a leading indicator for the economy as a whole.
The headline is the seasonally adjusted percentage change in Building Permits from the previous month. |
15:30 |
|
Housing Starts
|
Jan |
1499K; 15.8% |
1390K |
|
میڈیم
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Gauges the change in the number of new houses built in the United States. Housing Starts are one of the earliest indicators of the housing market, only trailing Building Permits in timeliness.
Because high outlays are needed to start construction projects, an increase in Housing Starts implies an increase in investment and business optimism. Finally, the Housing Starts figure gives insight into consumer activity, since new home purchases typically require a large investment for consumers. Given such connections to consumer and corporate sentiment, real estate generally leads economic developments. A sharp drop in new home construction is a warning signal of economic slowdown. Conversely, a rebound in the Housing Starts paves the way for economic recovery.
Housing Starts data is differentiated by building types (single family houses, 2 to 4 residence units and 5 or more residence units). The single family housing starts is a more reliable economic indicator than multi family housing starts, as single family house building is driven by demand and consumer confidence, whereas multi family house building is more often motivated by speculative real estate investors. The report headline is expressed in volume of houses built. The figures are in the thousands of units. |
21:00 |
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FOMC Meeting Minutes
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ہائی
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The Federal Open Market Committee (FOMC) Meeting Minutes are a verbatim record of the committee's meeting held about two weeks earlier. |
21:10 |
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RBNZ Governor Adrian Orr Speaks
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ہائی
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Adrian Orr will be the Governor of the Reserve Bank of New Zealand from March 2018. The Reserve Bank uses monetary policy to maintain price stability as defined in the Policy Targets Agreement (PTA). The current PTA requires the Bank to keep inflation between 1 and 3 percent on average over the medium term. The Bank implements monetary policy by setting the Official Cash Rate (OCR), which is reviewed eight times a year. |