Gold is struggling to gain any significant traction and is trading in a range on Monday. A modest pullback in the dollar from two-decade highs offers some support for the metal. Expectations of an aggressive tightening by the main central banks could continue to be limited. The Prayed it lacks a firm directional bias and […]
Tag: central banks
BoE to raise rates by 50 basis points at September meeting – Goldman Sachs
The Goldman Sachs economists, in their latest note, maintain the opinion of a 50 basis point rate hike by the Bank of England (BoE) in its September monetary policy decisionwhile revising upwards their forecasts for a rise of 50 basis points in the coming months. Featured Statements “In the run-up to the September meeting, the […]
Thailand: Door open for another BoT rate hike – UOB
The UOB Group economist, Enrico Tanuwidjaja, comments on the likelihood that the Bank of Thailand (BoT) will tighten interest rates again later in the year. Key points “The Thai economy grew less than expected in the second quarter of 2012, but the rebound in consumer spending was a welcome start to a possible faster growth […]
ECB Survey: European consumers see inflation for the next 12 months at 5%.
The European Central Bank (ECB) carried out a survey on consumer expectations regarding inflation, the main results of which are indicated below. Perceived inflation over the previous 12 months continued to rise, with the average rate now standing at 7.9%, up from 7.2% in June. Compared to the month of June, consumer expectations for inflation […]
EUR/USD hovers around 10057 after hitting new highs for the week
EUR/USD advances strongly ahead of US NFPs and next week’s ECB monetary policy decision. The Cleveland Fed’s Mester expects Fed funds rates to rise above 4% and would like to keep them higher for longer. ECB hawks expect at least a 50 basis point hike at the September 8 meeting. Money market futures estimate that […]
Fed: I don’t see Fed rate cuts next year — Loretta Mester
President of the Federal Reserve Bank of Cleveland, Loretta Mester, He said on Tuesday that he does not expect the Fed to cut interest rates next year, according to Reuters. Other comments “We have to raise the key interest rate to just over 4% early next year – keep it there.” “The real guys are […]
Bank of Japan: The fate of the pandemic aid program will be decided at the September meeting
Junko Nakagawaa member of the Bank of Japan’s monetary policy board, declared on Wednesday that “the BoJ to decide the fate of the remaining pandemic relief program at its September meetingwith an eye on the impact of the pandemic on financial conditions.” Featured Statements The BoJ’s policy response has had the desired results. Japan’s consumer […]
EUR/USD bounces above parity after ECB comments, despite USD strength
EUR/USD advances on the back of ECB Governing Council members expressing the need for a 75 basis point rate hike in September. US consumer confidence rose surprisingly, while job openings beat estimates. German inflation figures for August were in line with estimates, except for headline inflation, which was close to the 8% threshold. The EUR/USD […]
ECB: I am leaning towards a 75 basis point hike in September – Klaas Knot
The official of European Central Bank (ECB), Klaas Knot, he declared on Tuesday that he was leaning towards a 75 basis point rate hike in September, but added that he was open to debate. He said that going back to neutrality would not be enough to tame inflation. He said a buildup of labor could […]
ECB: Inflation expected to remain high in the near term — Philip Lane
The chief economist of the European Central Bank (ECB), Philip Lane, on Monday that inflation in the eurozone is expected to remain high in the short term, but added that long-term inflation expectations remain close to 2%, Reuters reported. Commenting on the outlook for monetary policy, Lane explained that “it is important to maintain a […]