ECB official Isabel Schnabel signals firm monetary policy stance while market movements reflect the impact of central bank signals from both the ECB and the Bank of Canada on the EUR/CAD pair.

The entities involved

• European Central Bank →

  central bank of the European Union and the eurozone

  • The European Central Bank is forced to raise interest rates due to energy price shocks from the Iran war and an influx of Chinese exports.Mon 17:49
  • ECB has established swap line arrangements with central banks, with the ECB President leading central bank operations.Mon 17:35
• Bank of Canada →

  central bank of Canada

  • Statistics Canada released new data detailing trends in self-employment, gig work, and long-term unemployment.Mon 11:01
  • The Middle East conflict is driving higher fuel costs.Mon 05:46

Related events

• Central banks, including the ECB and Norges Bank, are tightening monetary policy in response to inflation driven by the Middle East war.Sep 24
• ECB economists published inflation research in Frankfurt.Sep 3
• The European Central Bank and the South African Reserve Bank are both reacting to global inflation.Fri 14:29
• ECB warns of higher inflation due to energy shock, while BOJ rate hike expectations affect crude prices.Sep 10
• ECB holds rates steady while facing pressure from the US Treasury regarding BOJ rate hikes amid high oil prices and inflation concerns.Jul 24