Economic Events to Watch: May

Top Economic Events to May 31

This diary lists the top economic events from now until May 31. For other diaries, readers can check the links provided, which list emerging markets economic events, government debt auctions, and political and general news. The US Federal Reserve Today in Washington is also included.

Monday, March 20

Two events are scheduled for Monday, March 20: Tom Mutton, director of the central bank digital currency (CBDC) unit at the Bank of England, will give an introductory speech at a webinar on the digital pound, which will be jointly hosted by Innovate Finance and UK Finance at 1200 GMT. Meanwhile, Christine Lagarde, President of the European Central Bank, will deliver an introductory statement before the Committee on Economic and Monetary Affairs (ECON) of the European Parliament in Brussels at 1400 GMT. Lagarde will also deliver an introductory statement in her capacity as ESRB Chair at a hearing before the same committee at 1600 GMT.

Tuesday, March 21

Christine Lagarde will participate in a pre-recorded high-level panel titled “CBDCs: Keeping momentum in uncertain times” at BIS Innovation Summit 2023 “Technological innovation in an age of uncertainty” organized by the Bank for International Settlements (BIS) in Basel, Switzerland. The panel is scheduled to begin at 1230 GMT. Additionally, Andrea Enria, European Central Bank Chair of Supervisory Board, will present the ECB Annual Report on supervisory activities 2022 to the Committee on Economic and Monetary Affairs (ECON) of the European Parliament at 1330 GMT. Britain’s finance minister, Jeremy Hunt, will speak to the Economic Affairs Committee about the government’s budget and its expected impact on the UK economy.

Economic Events Happening on March 22

This diary lists the top economic events that are scheduled to occur on March 22.

Frankfurt – Christine Lagarde, President of the European Central Bank, speaks at the ECB and its Watchers XXIII Conference. The conference is organized by the Institute for Monetary and Financial Stability at Goethe Universität Frankfurt and is scheduled to begin at 0845 GMT.

Washington D.C. – The US Federal Reserve’s Federal Open Market Committee (FOMC) will hold a two-day meeting on interest rates. The meeting is set to take place on March 22 and March 23.

This diary also includes other economic events scheduled for earlier in the week, such as:

Brussels – Exchange of views with Jose Manuel Campa, Chair of the European Banking Authority, and Andrea Enria, Chair of the Supervisory Board of the ECB. The discussion will be centered around the implications of the failure of Silicon Valley Bank for financial stability in Europe. The exchange of views will take place at the Committee on Economic and Monetary Affairs of the European Parliament at 1530 GMT.

London – Nathanael Benjamin, Executive Director, Authorisations, Regulatory Technology, and International Supervision at Bank of England delivers a speech at UK Finance on ‘PRA 2023 Supervisory Priorities for International Banks’. The speech is scheduled for 1300 GMT.

Stockholm – Deputy Governor of the Riksbank Anna Breman talks about the economic situation and the work on monetary policy in a volatile environment during the Nordic Cash and Treasury Management conference. The conference is set to begin at 0840 GMT.

Philadelphia – Federal Reserve Bank of Philadelphia issues Nonmanufacturing Business Outlook Survey for March. The survey is set to be issued at 1230 GMT.

Economic Events Happening on March 23

This diary lists the top economic events that are scheduled to occur on March 23.

Wellington – Paul Conway, Chief Economist at Bank of New Zealand, will give a speech on inflation at the KangaNews ANZ New Zealand Capital Markets Forum. The speech is scheduled to begin at 0015 GMT.

Stockholm – Riksbank Governor Erik Thedéen discusses his views on monetary policy and the economic situation at a seminar organized by Nordea. The seminar is scheduled to begin at 1400 GMT.

This diary also includes other economic events scheduled for earlier in the week, such as:

Frankfurt – Philip R. Lane, member of the Executive Board of the European Central Bank, participates in Debate 1: “Monetary Policy: How to Get Inflation Back to Target?” at The ECB and its Watchers XXIII Conference. The conference is organized by the Institute for Monetary and Financial Stability at Goethe Universitat Frankfurt and is scheduled to begin at 0930 GMT.

Frankfurt – Fabio Panetta, Member of the ECB’s Executive Board, participates in Debate 3: “Global Shocks, Policy Spillovers and Geo-Strategic Risk: How to Coordinate Policies” at The ECB and its Watchers XXIII Conference. The conference is organized by the Institute for Monetary and Financial Stability at Goethe Universitat Frankfurt and is scheduled to begin at 1345 GMT.

London – German Federal Bank President Joachim Nagel speaks on the future of economic and monetary union at OMFIF event. The event is scheduled to begin at 1630 GMT.

London – Victoria Cleland, Executive Director for Payments at Bank of England participates as a panellist at the Payments Association Pay360 Conference on ‘Crystal ball predictions’. The conference is scheduled to begin at 0910 GMT.

London – William Lovell, head of future technology at the Bank of England, participates as a panellist at the Payments Association Pay360 Conference on ‘Moving from theory to reality – how will CBDCs and stablecoins work in practice?’. The conference is scheduled to begin at 1400 GMT.

London – Bank of England’s Executive Director for International Banks Supervision, Sarah Breeden, participates in Fireside chat at the Climate Financial Risk Forum 2023 Symposium. The symposium is hosted by UK Finance and is scheduled to begin at 1630 GMT.

Ottawa – The Bank of Canada releases its monetary policy deliberations held before its March 8 rate decision. The release is scheduled for 1730 GMT.

Basel, Switzerland – Riksbank Governor Erik Thedéen will participate in a panel discussion on the connection between technology and risks linked to climate change in the financial sector. The panel discussion is scheduled to begin at 1210 GMT.

Brussels – Bank of Finland Governor Olli Rehn speaks at Bruegel. The speech is scheduled for 1200 GMT.

Washington, D.C. – U.S. Federal Reserve’s Federal Open Market Committee (FOMC) announces its decision on interest rates followed by statement. The announcement is scheduled for 1800 GMT. The U.S. Federal Reserve chairperson will also hold a news conference.

Upcoming Economic Events from March 24 to March 28

Here are the top economic events scheduled to take place from March 24 to March 28:

Thursday, March 24

Tromso, Norway: The Central Bank of Norway Governor Ida Wolden Bache and Deputy Governor Oystein Borsum give presentations for the regional network Nord-Norway – 1000 GMT.
Edinburgh, UK: German Federal Bank President Joachim Nagel speaks on inflation and the labor market at OMFIF event – 0930 GMT.
Washington DC, US: Catherine L Mann, member of the Monetary Policy Committee of the Bank of England, participates as a panellist at the Global Interdependence Center Conference on “Ukraine – one year later: How do Monetary Policy makers deal with spillover effects from food, energy and geopolitical shocks that are beyond the policy makers’ control?” – 1600 GMT.
St. Louis, US: Federal Reserve Bank of St. Louis President James Bullard gives presentation and participates in fireside chat on the US economy and monetary policy before Greater St. Louis Inc – 1330 GMT.

Sunday, March 26

Florida, US: Isabel Schnabel, Member of the ECB’s Executive Board, participates in discussion at Chicago Booth Conference on the Global Economy and Financial Stability – 1500 GMT.

Monday, March 27

London, UK: Shoib Khan, Financial Policy Assistant to the Governor of the Bank of England, delivers speech at the Westminster Business Forum on risk management – 0935 GMT.
London, UK: Andrew Bailey Governor of the Bank of England delivers speech at London School of Economics – 1700 GMT.

Tuesday, March 28

No major events are scheduled on this day.

Wrapping Up

As always, the events mentioned above are subject to change, and we suggest you keep a close eye on them if they are of interest to you. Keep yourself updated with our upcoming diaries to know more about economic events taking place around the world.

Bank of England officials testify on Silicon Valley Bank at Treasury Select Committee hearing

Andrew Bailey, Governor of the Bank of England, Sam Woods, Deputy Governor, Prudential Regulation, and Chief Executive of the Prudential Regulation Authority of the Bank of England, and Dave Ramsden, Deputy Governor of Markets & Banking at Bank of England, are set to participate in a Treasury Select Committee hearing on Silicon Valley Bank, which failed in 2022, to discuss its implications for financial stability in Europe. The hearing is scheduled at 0845 GMT.

Bank of England’s Simon Hall speaks on managing risk prudently at City & Financial City Remuneration Summit

Simon Hall, the Bank of England’s Head of Macroprudential Strategy, will deliver a keynote address at the City & Financial City Remuneration Summit on ‘Using remuneration to manage risk prudently’. The speech will begin at 0940 GMT.

Governor of Central bank of Norway speaks at Finance Industry Day

Ida Wolden Bache, Governor of Central Bank of Norway, is set to speak at the Finance Industry Day, which is organized under the auspices of Finance Norway. The event is scheduled at 1300 GMT.

Victoria Cleland, Bank of England Executive Director for Payments, participates in Silk Road Cash & Payments Conference

Victoria Cleland, Bank of England Executive Director for Payments, will participate as a pre-recorded panellist at the Silk Road Cash & Payments Conference. The topic of the discussion is ‘Cross-border payments: The future of money’. The conference will start at 0245 GMT.

Catherine L. Mann, Bank of England Monetary Policy Committee member, participates in NABE Economic Policy Conference

Catherine L. Mann, member of the Monetary Policy Committee of the Bank of England, will participate as a panellist at the 39th Annual National Association for Business Economics (NABE) Economic Policy Conference. The discussion topic is ‘Inflation and Monetary Policy’. The conference is scheduled at 1850 GMT.

Toni Gravelle, Deputy Governor of Bank of Canada, speaks at National Bank Annual Financial Services Conference

Toni Gravelle, Deputy Governor of the Bank of Canada, will give a speech at the National Bank Annual Financial Services Conference on the market liquidity measures taken during COVID. The speech is scheduled at 1645 GMT.

Riksbank executive board meeting

Riksbank will hold its executive board meeting at 0700 GMT.

Swiss National Bank officials deliver speech on Money Market Event

Andrea Maechler, Member of the Governing Board of Swiss National Bank, and Thomas Moser, Alternate Member of the Governing Board, will deliver a speech on Money Market Event. The speech is scheduled at 1600 GMT.

Upcoming Meetings and Speeches in the Global Economy

This is a list of upcoming meetings and speeches in the global economy for the months of April and May. The events listed here are expected to have an impact on the global economy and financial markets.

April 5

Federal Reserve Bank of New York President John Williams will speak and participate in a moderated discussion covering the economic outlook and monetary policy at an event hosted by Housatonic Community College – 1900 GMT.

April 12

Riksbank executive board meeting – 1100 GMT.

April 13

Bank of England Chief Economist Huw Pill will speak on monetary policy at an event organised by MNI Market News in New York – 1300 GMT.

April 17

Federal Reserve Bank of Richmond President Thomas Barkin will speak in person before the Richmond Association for Business Economics – 1600 GMT.

April 18

Deputy Governor of Central bank of Norway Pal Longva will speak at a breakfast meeting on central bank digital currency organised by the Polytechnic Association – 0630 GMT.

April 19

The Federal Reserve issues the Beige Book – 1800 GMT.
Riksbank executive board meeting – 0700 GMT.

April 21

Riksbank general council meeting – 1100 GMT.

April 25

Federal Reserve Bank of Philadelphia issues Non-manufacturing Business Outlook Survey for April – 1230 GMT.
Riksbank holds monetary policy meeting 2 – 0700 GMT.

April 26

The Bank of Canada releases its monetary policy deliberations held before its April 12 rate decision – 1730 GMT.
Swedish Central Bank announces interest rate decision. April 2023 Monetary policy report will be published – 0730 GMT.

April 27

Bank of Japan holds Monetary Policy Meeting (to Apr. 28).

April 28

Speeches by President of the Bank Council Barbara Janom Steiner and Swiss National Bank Chairman Thomas Jordan at Swiss National Bank General Meeting of Shareholders – 0800 GMT.
EU finance ministers and heads of central banks meet in Stockholm during the Swedish presidency of the Council of the European Union. (To Apr. 29).

May 2

Reserve Bank of New Zealand holds Financial Stability Report – 2100 GMT.
The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) starts its two-day meeting on interest rates (to May 3).

May 3

The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) announces its decision on interest rates followed by a statement – 1800 GMT.
U.S. Federal Reserve Chairperson holds a news conference.

May 4

European Central Bank (ECB) President Christine Lagarde speaks to reporters following the Governing Council’s monetary policy meeting – 1245 GMT.
Norway Central Bank announces interest rate decision – 0800 GMT.
Press conference following the Governing Council meeting of the ECB in Frankfurt – 1230 GMT.
Governing Council of the ECB holds monetary policy meeting in Frankfurt.