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[macro outlook] the euro zone announces the ECB's main refinancing rate in September
Sep 10,2020 06:49CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM9 March 10: today's focus on the euro zone in September the European Central Bank's main refinancing rate.

The European Central Bank (ECB) is the main refinancing rate in the euro zone in September, and the ECB achieves its goal of stabilizing prices by setting the benchmark rate, the refinancing rate, every month. The refinancing rate is the interest rate at which commercial banks can borrow money from the central bank. This is a tool for the central bank to implement monetary policy, which is used to affect the liquidity and lending rates in the interbank market, and in turn affect the deposit and lending rates of commercial banks to the public.

The number of people applying for unemployment benefits in the week ending September 5 in the United States, the number of people applying for unemployment benefits for the first time is one of the indicators reflecting the state of the domestic labor market, counting the number of people who apply for unemployment benefits for the first time.

The final monthly rate of wholesale inventory in the United States in July, which is released once a month by the United States Bureau of Commerce, reflects the change in the total value of items in wholesalers' inventory, which is temporarily idle resources to meet future needs; wholesalers as an intermediary between manufacturers / importers and retailers, their inventory situation can be used as one of the leading indicators of the economy, the rapid growth of wholesale inventory shows that wholesalers are optimistic about the economic outlook.

EIA crude oil inventory changes in the United States in the week ending September 4, the increase or decrease in inventory will affect the price of crude oil, which in turn will have an impact on the Canadian dollar, because Canadian crude oil exports account for a large proportion of the economy. The impact is greater than the weekly change in crude oil inventories of the American Petroleum Institute ((API)).

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