Exhange Rate GBP To INR And Crude Oil Price To Plunge This Week!? Bank Of England – Interest Rate Decision Ahead - Economic Calendar By FXMAG.COM

India's RBI Keeps Repo Rate Unchanged Amid Tomato-Driven Inflation Surge

Another week is near and we focus on all major economic events in the week 04/04-8/04/22. There are some releases we should highlight and these are, among others, Australian Retail Sales (MoM) (1.6%), RBA Interest Rate Decision and US Crude Oil Inventories. There are also important events to follow on Friday as Reserve Bank Of India announces its interest rate decision.

Monday – Chinese rest, Australians meets Retail Sales, Bank Of England’s Bailey Testifies

On Monday there is Ching Ming Festival in China so there are no economic events in this country on April 4th. Countries which we should observe are Australia and Great Britain. In Australia, at 2:30 a.m. Retail Sales is released (prev. 1.6%). Heading to Great Britain, five past ten speaks BoE’s Bailey so expect some hints about incoming monetary policy statement.

Tuesday – another day of Chinese Holiday, RBA decides on Interest Rate, Great Britain releases Composite and Services PMI

In Australia, very early in the morning RBA Interest Rate Decision release and RBA Rate Statement go public. Current interest rate of this country amounts to 0.1% (!) Four hours later it’s time to visit Great Britain again this week as Composite PMI and Services PMI are announced. At 3 p.m. we move to USA to get acquainted with the ISM Non-Manufacturing PMI (56.5).

Wednesday – US Crude Oil Inventories indicator is here

The great day begins with GB Construction PMI released at 9:30 a.m. In the afternoon we travel to North America for the announcement of Canadian Ivey PMI Release planned for 3 p.m. Half an hour later the time comes – we get acquainted with Crude Oil Inventories (prev. -3.449M). In the evening a sneak peak of the next monetary policy statement goes public as FOMC Meeting Minutes are released.

Friday – GBP To INR Might May Change!

As mentioned - Reserve Bank of India releases its interest rate decision on Friday. The current one amounts to 4% and a change will affect GBP To INR exchange rate. In the afternoon it’s good to follow news from Canada. At 1:30 p.m. Employment Change of this country goes public (prev. 336.6K)

Exhange Rate GBP To INR To Plunge On Friday!? Bank Of England – Interest Rate Decision Ahead - 1

Source/Data: Investing.com Economic Calendar

India's RBI Keeps Repo Rate Unchanged Amid Tomato-Driven Inflation Surge

Mikołaj Marcinowski

Business Development Manager FXMAG

Journalist, finance passionate