Here is what you need to know on Monday, September 16: The US Dollar (USD) struggles to stay resilient against its major rivals at the beginning of the week, which will feature monetary policy announcements from major central banks and key macroeconomic data releases.
Here is what you need to know on Monday, September 16: The US Dollar struggles to stay resilient against its major rivals at the beginning of the week, which will feature monetary policy announcements from major central banks and key macroeconomic data releases. The European Central Bank will release a revision to second-quarter Labor Cost data and Eurostat will publish Trade Balance figures for July on Monday.
Central banks FAQs What does a central bank do? Central Banks have a key mandate which is making sure that there is price stability in a country or region. Economies are constantly facing inflation or deflation when prices for certain goods and services are fluctuating. Constant rising prices for the same goods means inflation, constant lowered prices for the same goods means deflation. It is the task of the central bank to keep the demand in line by tweaking its policy rate.
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