MONETARY CONTROL ACT
The first title in a two-title act passed in 1980; which was the first significant banking reform since the Great Depression. One of the key highlights of this act was it deregulated the interest rates paid by banks. It opened the Fed discount and stretched reserve requirements to all local banks. Also, it raised the Federal Insurance Deposit Corporation (FDIC) insurance protection amount from $40,000 to $100,000 per account.
The second title was called the Depository Institutions Deregulation Act of 1980.
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| Time | Country | Indices | Period |
|---|---|---|---|
| 03:30 | NAB Business Confidence | Apr | |
| 05:00 | Expected Annual Inflation 2y from now | 2 quarter | |
| 09:00 | SECO Consumer Confidence | Apr | |
| 11:00 | European Commission Economic Forecasts | 2 quarter | |
| 14:30 | Building Permits | Mar | |
| 18:45 | SNB Chairman Thomas Jordan Speaks | ||
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| 08:00 | Claimant Count Change | Apr | |
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