ECONOMIC DIARY 18 - 22 SEPTEMBER

THIS COMING week investors will concentrate on South Africa’s inflation rate for August and on the Monetary Policy Meeting (MPC) of the Reserve Bank. Globally most countries will publish their latest inflation data, retail sales, balance of trade and Purchasing Managers Indices (PMI). The US will hold its Foreign Open Market Commission meeting of the Federal Reserve and announce its interest rate decision.

Domestically

Tomorrow: The MPC will start its three-day meeting.

Wednesday, September 20: StatsSA will release the latest inflation rate data for August.

Thursday, September 21: The MPC will announce its interest rate decision at a news conference.

Globally

Today: Australia: New motor vehicle sales – August; China: House price index – August; UK: BoE Carney speech; EU: Inflation rate – August; Russia: PPI – August; US: Housing market index – September.

Tomorrow: Australia: RBA meeting minutes; EU: Current account and construction output – July; Germany: Current account and economic sentiment index – September; US: Current account – Q2; Fed Monetary Policy meeting startsRussia: Retail sales – August.

Wednesday, September 20: Japan: Balance of trade and Imports and Exports – August; Germany: PPI – August; UK: Retail sales – August; Bank of England FPC meeting; Crude oil stocks – 15/September; Fed Interest rate decision; FOMC economic projections.

Thursday, September 21: Japan: BoJ Interest rate decision; UK: Consumer confidence index – September; US: Gas stock change – 15/ September; Continuous and initial jobless claims – 16/September; Leading economic index – August; House price index – July.

Friday, September 22: Japan: Foreign bond investment – 14/September; Netherlands: GDP growth rate – Q2; France: GDP growth rate – Q2; France,Germany and the EU: Manufacturing and Services PMI – September; Canada: Inflation rate – August; Retail sales – July; US: Manufacturing, Composite and Services PMI – September.