- Thursday, 25 January 2018
- News
Draghi says no rate hike in 2018
Draghi exhibited higher confidence that the ECB would reach its inflation target, yet was extremely cautious in signalling any policy changes ahead. His reluctance to call recent FX moves excessive was still what markets paid most attention to. Further confidence towards reaching the target, policy changes still remote The ECB continued to sound optimistic about the economy. The statement said the strong cyclical momentum, the ongoing reduction of economic slack and increasing capacity utilisation strengthen further our confidence that inflation will converge towards our inflation aim of below, but close to, 2%.
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- Monday, 22 January 2018
- News
ANZ forecasts an interest rate hike in May
Next Wednesday’s CPI report is likely to show inflationary pressures in the Australian economy have stabilised, ANZ says. And that means the bank is sticking to its view that the RBA is on track to raise rates in May this year. The bank is forecasting a slight pickup in the quarterly rate of growth for headline inflation, while it expects core inflation will remain steady. The headline increase is likely to be driven by higher prices for petrol, domestic travel and tobacco.
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- Thursday, 14 December 2017
- News
ECB left interest rates unchanged
ECB left it monetary policy and its forward guidance unchanged from its last meeting. Then it announced that its asset purchases would be halved starting in January to 30 bln euros a month through September 2018. The ECB reiterated that official rates will be remain at their present level well past the end of the net asset purchases. It indicated that QE would continue until the end of September, but will "run until the inflation path is sustainably adjusted. The ECB sees domestic generated price pressures as continuing to be "muted." This means ta sustained uptrend in price trend remains elusive.
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- Thursday, 14 December 2017
- News
Bank of England: disorderly Brexit risk reduced by EU talks progress
Last week’s breakthrough in Brexit talks has reduced the risk of a disorderly British departure from the European Union and may boost economic confidence, the Bank of England said on Thursday after it left interest rates unchanged. BoE policymakers voted unanimously to keep rates at 0.5 percent, as expected, a month after raising them for the first time in more than a decade as inflation approached its highest level in nearly six years. Prime Minister Theresa May secured agreement from the European Commission last week that Britain had made sufficient progress in preliminary talks to move on to negotiating a transition agreement and a longer-term trade deal.
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