The chairman of the US Federal Reserve (Fed), Jerome Powelldelivers the keynote speech at the central bank’s annual Economic Symposium in jackson holein Wyoming. Featured Statements The central bank is moving monetary policy ‘on purpose’ to a level tight enough to bring inflation back to 2%. Restoring price stability will take some time and require […]
Tag: TypesInterest
The RBNZ raises its interest rates by 50 basis points to 3% and anticipates more increases
The The Monetary Policy Committee has today increased the official interest rate on cash (OCR) from 2.5% to 3%, meeting expectations of a 50 basis point rise. This is the seventh consecutive increase in rates, reaching their highest level since 2015. Reserve Bank of New Zealand statement Demand from the New Zealand economy has been […]
The Fed meets expectations and raises rates 75 basis points to 2.5%
The Federal Reserve of the United States has met the forecasts of the market consensus, raising its interest rates by 75 basis points to 2.50% at their July meeting. This is the third consecutive increase so far this year, and the second in a row of 0.75%. The Fed has not registered such high rates […]
Australia: RBA meets expectations and raises interest rates 50 basis points to 1.35%
At its monetary policy meeting held this Tuesday, July 5, the Council of the Reserve Bank of Australia (RBA) He decided increase the effective interest rate target by 50 basis points, to 1.35%, as expected. It also increased the interest rate on foreign exchange settlement balances by 50 basis points to 1.25%. RBA statement Global […]
BoJ keeps its monetary policy unchanged
The monetary policy board of the Bank of Japan (BoJ) has concluded its June monetary policy review meeting on Friday and has decided to leave its monetary policy adjustments unchangedkeeping rates at -10bps while keeping the 10-year JGB yield target at 0.00%. The BoJ vote was 8 to 1leaving its commitment to buy JGBs unchanged […]
Fed projections raise rate and inflation estimates and lower GDP estimates for 2022
The The Fed has released its quarterly economic projections. after announcing that it is raising its interest rates by 75 basis points to 1.75%, above the expected 1.5%. The entity considers that the PCE inflation will end 2022 at 5.2%, compared to the 4.3% projected in March. It also expects to be at 2.6% in […]
The Fed announces a 75 basis point hike in interest rates to 1.75%
The United States Federal Reserve announced today, Wednesday, June 15, that raises its interest rates by 75 basis points compared to the expected 50 to reach 1.75%. The result differs from the market consensus, which expected an increase of 1% to 1.5%. FOMC Statement Global economic activity seems to have picked up after falling in […]
The Bank of Canada meets expectations and raises its interest rates 50 basis points to 1.5%
The The Bank of Canada has met market expectations by announcing a 50 basis point hike in its interest rates, from the previous 1% to the current 1.5%.its highest level since January 2020. This is the third consecutive rate hike meeting. BoC statement The Bank of Canada has today increased its target for the prime […]
The RBNZ meets expectations and raises rates 50 basis points to 2%
The Monetary Policy Committee of the Reserve Bank of New Zealand (RBNZ) today raised the official cash rate by 50 basis points to 2.0%, as expected. This is the fifth consecutive rate hike by the entity, whose rates are at their highest level since September 2016. RBNZ Statement The Committee agreed that it remains appropriate […]
The Fed meets expectations and raises its rates 50 basis points to 1%
The Monetary Policy Committee of the United States Federal Reserve has decided at its meeting on Wednesday, May 4 raise your prime interest rate by 50 basis pointsas expected, until one%. This is the second rate hike so far this year, following the 25 basis point increase in March. FOMC Statement Although overall economic activity […]