Economic calendar

Economic calendar

Unemployment figures, company earnings reports and elections – keep track of key announcements and other events that could affect the markets. 

Monday 20 May to Sunday 26 May

RBNZ rate decision

Wednesday, May 22

03:00 BST

The Reserve Bank of New Zealand (RBNZ) is likely to maintain its wait-and-see approach and keep policy unchanged at 5.5% for yet another meeting. Our expectation is for yet another meeting. It was a year ago when the RBNZ last changed rates to the current level from 5.25% previously. The NZ central bank is likely to affirm its stance that this level will need to persist for an extended period to re-establish inflation within the 1-3% target range. Furthermore, we anticipate the RBNZ will reiterate its observation that despite subdued economic growth, inflationary pressures remain heightened. The RBNZ's projections will likely indicate a return of inflation to approximately 2% by the conclusion of 2025. This trajectory implies interest rates will not change until 2025, even if the market has started to price in rate cuts for later this year.

What to watch: NZD/USD, AUD/NZD


Wednesday, May 22

07:00 BST

UK data have shown surprising strength in the last couple of weeks. Last week saw Average Earnings Index including bonuses come in higher-than-expected at 5.7% in the three months to March compared to a year earlier, adding to the above-forecast 0.6% growth in the first quarter GDP we saw the week before. The UK economy is making strides towards recovery after a dismal couple of years marked by low output and high inflation. With CPI cooling to 3.2% y/y in March, investors have translated the recent data surprises as a goldilocks scenario, sending the UK 100 to repeated all-time highs. If CPI now falls more than expected (2.7% forecast) then this could further support UK stocks.

What to watch: UK 100, GBP

Global PMI data

Thursday, May 23

All day

We have seen lots of evidence that the US recovery is starting to fade, just as growth in Europe and elsewhere have started to pick up. The latest PMI data from Eurozone and UK’s services and manufacturing sectors will provide us with more insights about the potential recovery in Europe. Are we finally going to see a return to growth of manufacturing PMIs following nearly two years of sub-50 readings for German, French and UK manufacturers? Even if the pace of contraction slows more than expected, this would still be positive news given how poor the sector has performed in recent years.

What to watch: EUR, GBP

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      Economic calendar FAQ

      Why should I use an economic calendar?

      An economic calendar enables you to plan your trading around key market-moving events. This is important for any trader, as economic releases can quickly change market conditions and may throw your existing strategy off course.

      Some traders steer of the markets entirely when economic data is due to be released; others see the heightened volatility as the best time to trade. Either way, knowing precisely when events are set to land is key to trading successfully.

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      What is an economic calendar?

      An economic calendar is a diary that lists the upcoming economic releases and events that are likely to move markets in the coming weeks and months. It’s an essential tool for traders, helping you plan your strategy around when your chosen markets might be highly volatile.

      Learn more about fundamental analysis in the City Index Academy.

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      How do I use an economic calendar?

      By default, the City Index calendar will show you all the potential market-moving events in the coming days – including how important each event is, plus its previous and consensus figure.

      By tapping ‘SHOW FILTERS’, you can tailor the calendar to your specific strategy. For example, you can choose to only see events from certain countries or categories. You can even choose to only see events that are expected to deliver high volatility.

      Tap on any event for more information.

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