- Thursday, 03 August 2017
- News
BoE left interest rates unchanged
The Bank of England voted 6-2 to keep rates steady. Haldane, who previously had indicated that it was a close call from him at the last meeting, stuck with the majority. The Bank of England returns to full staff at the September meeting. The BOE trimmed its growth forecasts but not its inflation forecast. This year's growth forecast was pared to 1.75% from 1.9%, and 2018 growth was shaved to 1.6% from 1.7%. It is important to note that the composition of growth is seen changing.
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- Tuesday, 01 August 2017
- News
RBA left interest rates unchanged
At its meeting today, the RBA Board decided to leave the cash rate unchanged at 1.50 per cent. The recent inflation data were broadly as the Bank expected. Both CPI inflation and measures of underlying inflation are running at a little under 2 per cent. Inflation is expected to pick up gradually as the economy strengthens. Higher prices for electricity and tobacco are expected to boost CPI inflation. A factor working in the other direction is increased competition from new entrants in the retail industry.
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- Wednesday, 26 July 2017
- News
Fed left interest rates unchanged
According to the Statement from latest FOMC Meeting, Fed noted that consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee continues to expect that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace, and labor market conditions will strengthen somewhat further. Inflation on a 12-month basis is expected to remain somewhat below 2 percent in the near term but to stabilize around the Committee's 2 percent objective over the medium term.
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- Friday, 21 July 2017
- News
Euro rally may just began
The euro’s rally may have only just begun. While the European Central Bank made few changes Thursday to its forward guidance and Mario Draghi said that policy makers were still waiting for wages and prices to match the region’s improving economic growth, the common currency rallied to its highest level in nearly two years.
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