Author Archives: Materra.io

Bank of Russia decided to reduce the key rate at 9.25%

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On 28 April 2017, the Bank of Russia Board of Directors decided to reducethe key rate to 9.25% per annum (9.75% previous). The Board notes that inflation is moving towards the target, inflation expectations are still declining and economic activity is recovering. At the same time, inflation risks remain in place. Given the moderately tight monetary policy, the 4% inflation target will be achieved before the end of 2017 and will be maintained

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Global stock markets cap reached $50 Trillion, the highest level in history

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According to the MSCI World Index, global market cap hits on Tuesday April 25. 2017 a $50 Trillion for the first time ever. The MSCI index is a broad global equity benchmark that represents large and mid-cap equity performance across 23 developed markets countries. It covers approximately 85% of the free float-adjusted market capitalization in each country and MSCI World benchmark

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Reserve Bank of Australia on hold with rates

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As expected, the RBA hold key interest rates at 1.5%. Here is the RBA Governor Lowe’s statement, full text: At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Conditions in the global economy have improved over recent months. Both global trade and industrial production have picked up. Labour markets have tightened in many countries. Above-trend

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RBNZ holds rates at 1.75%

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The Reserve Bank of New Zealand left the Official Cash Rate (OCR) unchanged at 1.75%. Statement by Reserve Bank Governor Wheeler: Macroeconomic indicators in advanced economies have been positive over the past two months.  However, major challenges remain with on-going surplus capacity in the global economy and extensive geo-political uncertainty. Global headline inflation has increased, partly due to a rise

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The FED hike rates to range of 0.75-1.00%

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Prior was 0.50%-0.75% Policy to support sustained return to 2% inflation Repeats labor market strengthening, job gains solid Business investment appears to have firmed somewhat Rate hikes to be ‘gradual’, that’s a small change from ‘only gradual’ previously Repeats that near-term risks to outlook ‘roughly balanced’ Excluding food and energy, inflation is still below 2% FOMC Statement from the Federal Reserve

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