- Monday, 12 February 2018
- News
USD shows mixed performance at the beginning of the week
The dollar is turning in a mixed performance against its major rivals Monday afternoon, but remains little changed overall. The lack of U.S. economic data is keeping a number of investors on the sidelines at the start of the new trading week. Things will begin to pick up on the economic front starting Wednesday. Retail sales and the consumer price index are set to be released Wednesday morning, while weekly jobless claims, the producer price index and industrial production will follow on Thursday.
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- Thursday, 08 February 2018
- News
BoE indicates rate hike sooner than later
The Bank of England said on Thursday interest rates probably need to rise sooner and by a bit more than it thought only three months ago, because Britain's slow-moving economy is getting a boost from the global recovery. The BoE's rate-setters are giving themselves time to assess how Britain is coping with its impending departure from the European Union as they voted 9-0 to hold Bank Rate at 0.5 percent, in line with a Reuters poll of economists. But Governor Mark Carney and colleagues saw a growing need to move faster on raising rates to keep a grip on inflation in the world's sixth-biggest economy, echoing other leading central banks which are moving toward tighter monetary policy, a decade on from the financial crisis.
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- Tuesday, 06 February 2018
- News
RBA left interest rates unchanged
According to the the latest RBA statement the Board decided to leave the cash rate unchanged at 1.50 per cent. There was a broad-based pick-up in the global economy in 2017. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. Growth has also picked up in the Asian economies, partly supported by increased international trade. The Chinese economy continues to grow solidly, with the authorities paying increased attention to the risks in the financial sector and the sustainability of growth.
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- Wednesday, 31 January 2018
- News
Fed leaves rates unchanged, sees inflation rising this year
The U.S. Federal Reserve kept interest rates unchanged on Wednesday but said inflation likely would rise this year, bolstering expectations borrowing costs will continue to climb under incoming central bank chief Jerome Powell. Citing solid gains in employment, household spending and capital investment, the Fed said it expected the economy to expand at a moderate pace and the labor market to remain strong in 2018.
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