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Tuesday, 16 February 2016
News

RBA says low inflation may provide scope for easier monetary policy

Australia’s central bank said record-low interest rates are underpinning consumer spending and house building while a lower currency is improving firms’ competitiveness. “Members noted that recent domestic data had, on balance, been positive and judged that there were reasonable prospects for growth to increase gradually over the forecast period,” the Reserve Bank of Australia said Tuesday in minutes of its Feb. 2 policy meeting when rates were left unchanged at 2 percent.
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Thursday, 04 February 2016
News

BoE left interest rates unchanged, cuts growth and inflation forecasts

Bank of England policy maker Ian McCafferty dropped his call for an interest-rate increase as officials cut their growth and inflation forecasts and signaled borrowing costs will stay low. The Monetary Policy Committee led by Governor Mark Carney left the benchmark at a record-low 0.5 percent, as the nine-member panel voted unanimously for the first time since July last year. While the rate outcome was forecast by all economists in a Bloomberg survey, just three out of 25 predicted the vote switch. 
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Thursday, 04 February 2016
News

ECB's Draghi says global forces are holding down inflation

Mario Draghi held a speech this morning at the Deutsche Bundesbank's Marjolin Lecture, in Frankfurt. He said that he sees no reason for permanently lower inflation and that specific Eurozone challenges don't justify inaction. He also added that mon pol can not be relaxed about aeries of supply shocks.

According to Draghi ECB will not surrender to low inflation, but he said that no doubt that if ECB needed to adopt a more expansionary policy the risk of side effects would not stand in their way. However, he emphasized that there are risks of acting too late outweigh risks of acting too early.

Euro is currently being traded around 1.1150 area. Pair is likely to find support around 1.1050 handle and resistance above 1.12 level. Later today, in the US session, Unemployment Claims figures are scheduled for a release.

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Friday, 25 December 2015
News

Is BoE ready for rate hike in 2016?

So far the outlook for UK economic growth remains solid although the latest data showed GDP growth was slower in both the second and third quarters of this year. The inflation outlook, however, remains subdued and uncertain. The minutes from the December meeting of the Bank of England's (BoE) Monetary Policy Committee (MPC) showed that policymakers saw downside risks to inflation from protracted low oil prices, and weaker unit labor costs growth so far this year.
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