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The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 1 November 2017, the MPC voted by a majority of 7-2 to increase Bank Rate by 0.25 percentage points, to 0.5%. The Committee voted unanimously to maintain
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As expected, FED raised rates for 0.25 points, from 1.25 to 1.50% today. Here is the FOMC statement and economic projections. Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Averaging through hurricane-related fluctuations, job gains have been
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At yesterday meeting the Governing Council of the ECB took the following monetary policy decisions: (1) The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council continues to expect the key ECB interest rates to remain at
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FEDERAL RESERVE ISSUES FOMC STATEMENT Information received since the Federal Open Market Committee met in July indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year. Job gains have remained solid in recent months, and the unemployment rate has stayed low. Household spending has been expanding at a moderate
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At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period
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After hike in June, the FED leaves rates unchanged at 1.00>1.25% today as expected. Here is the full FOMC statement on July 26, 2017 Information received since the Federal Open Market Committee met in June indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year. Job gains have been
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ECB leaves main refinancing rate at 0.0%, marginal lending facility at 0.25% and deposit facility at -0.4%. ECB leaves asset purchase target at 60 bln EUR as well. ECB press conference follows, you can watch it live here. In the meanwhile, check my montly EUR/USD analysis from July 18. and watch the resistance levels which could be attacked latter on.
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Early today, the Bank of Japan anounce no changes to the current monetary policy as expected. Latter on press conference, governor Kuroda says: still quite a distance to achieve 2% target inflation will rise but still only halfway now BOJ not ready to start discussing exit strategy with low inflation still in theory ETF purchases could drop before 2% no
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Bank Rate held at 0.25%, government bond purchases at £435bn and corporate bond purchases at £10bn The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 14 June 2017, the MPC voted by a majority of 5-3
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The Fed hiked interest rates for the second time this year, in a widely expected move that reflects the central bank’s confidence in the US economy. At the conclusion of their two-day meeting on Wednesday, the Federal Reserve’s Open Market Committee raised their benchmark interest rate by 25 basis points to a range of 1% to 1.25%. The move was essentially
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The ECB decided to leave all rates unchanged; main refinancing rate at 0.0%, deposit facility rate at -0.40% and marginal lending facility at 0.25%. Asset purchase remain unchanged at €60bln per month as well. President Mario Draghi is holding press conference in Tallinn Estonia at the moment, you can watch it LIVE here My suggestion is to watch the press conference
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The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 10 May 2017, the Committee voted by a majority of 7-1 to maintain Bank Rate at 0.25%. The Committee voted unanimously to maintain the stock of sterling
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The Reserve Bank of New Zeland today left the Official Cash Rate (OCR) unchanged at 1.75 percent, NZD tumbles . Global economic growth has increased and become more broad-based over recentmonths. However, major challenges remain with on-going surplus capacity and extensive political uncertainty. Stronger global demand has helped to raise commodity prices over the past year, which has led to
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