NZD/USD rebounds to two-day highs after RBNZ rate hike. The entity agrees with market forecasts of a rate hike of 50 basis points, and indicates the convenience of further tightening. Declines in US Treasury yields resume, lightly bid stock futures put antipodal downward pressure. The Chinese premier’s comments and a softer New Zealand PPI provoked […]
Tag: InterestRate
RBA Minutes: Ready for further tightening, but not on a pre-set path
The minutes of the monetary policy meeting in August Reserve Bank of Australia (RBA) showed that the “The council expects to take further steps in the process of normalizing monetary conditions in the coming months, but it is not on a pre-established path.“. Conclusions Members noted that inflation is expected to peak at the end […]
BoE: It is very likely that we will have to raise the rate even more – Dave Ramsden
Bank of England (BoE) Deputy Governor Dave Ramsden said in an interview with Reuters on Tuesday that “most likely we will have to raise the bank rate further“. additional quotes I’m going to look at the indicators and I’m going to look at the evidence as we get closer to each next meeting. I do […]
Fed: Big interest rate hikes could continue – Michelle Bowman
In an appearance before the Kansas Bankers Association on Saturday, the Governor of the US Federal Reserve (Fed), Michelle Bowman said she strongly supports large-scale interest rate hikes to fight inflationaccording to the Wall Street Journal (WSJ). Featured Comments “I strongly supported the Fed’s 0.75 percentage point rate hike last month” Y “similarly sized raises […]
RBNZ: Inflation expectations lowered modestly, 0.50% rise expected next week – Goldman Sachs
Analysts at Goldman Sachs point out that they maintain their forecast of a rate hike of 50 basis points by the Reserve Bank of New Zealand next week, despite a modest easing of third-quarter inflation expectations. Featured Comments “The RBNZ survey of inflation expectations for the third quarter of 2022 showed a modest relaxation of […]
GBP/USD hovers around 1.2160 after Bank of England rally in volatile session
GBP/USD advances strongly and gains 0.17% on Thursday. The Bank of England raised the bank interest rate to 1.75% in a vote of 8-1. Bailey and company acknowledged that the UK will enter a recession from the end of 2022. Initial jobless claims in the US increased by 260,000 more than expected, as the labor […]
The Bank of England with the biggest rate hike in 27 years – Commerzbank
Commerzbank economists offer their thoughts on the Bank of England’s latest monetary policy decision, announced this Thursday. The UK central bank announced the sixth rate hike in the current cycle and raised its key interest rate by 50 basis points to 1.75%. Featured Statements “The reason for the strong increase is the increase in inflationary […]
GBP/JPY falls towards 161.50 in reaction to gloomy economic outlook from the Bank of England
GBP/JPY is under intense selling pressure after the Bank of England warns of an economic downturn. The BoE now expects the UK recession to start in the fourth quarter and last for the whole of next year. The revival of the demand for the yen, which is a safe haven, also contributes to the intraday […]
EUR/GBP soars above 0.8400 after BoE warns of economic downturn
EUR/GBP soars to a new weekly high in reaction to selling around the British pound after the BoE. The BoE raises interest rates by 50 basis points and indicates that monetary policy is not on a pre-established path. Investors are now awaiting the BoE Governor’s comments for further momentum. The crossing EUR/GBP it has spiked […]
GBP/USD falls to fresh weekly low, bears flirt with 1.2100 level after BoE
GBP/USD falls for the third consecutive day in reaction to a dovish decision by the Bank of England. The BoE raises interest rates by 50 basis points and indicates that monetary policy is not on a pre-established path. Investors are now waiting for the post-meeting press conference for further momentum. The pair GBP/USD it was […]