- Tuesday, 24 November 2015
- News
Carney said that UK interest rates likely to remain low for some time
Bank of England governor Mark Carney has said that UK interest rates are likely to remain low "for some time". His comments came as he spoke to MPs on the Treasury Committee. UK rates have been held at 0.5% since March 2009. Most economists are not expecting the Bank to raise rates until mid-2016 at the earliest. Mr Carney said that "even with limited and gradual rate increases it still will be a relatively low interest rate environment". He added: "The question in my mind is when the appropriate time for interests to increase and that is strongly consistent with the strength of the domestic economy."
Read more...- Monday, 23 November 2015
- News
Is BoE ready for first tightening in more than eight years?
Mark Carney will give his latest assessment of the U.K. economy this week, days after his deputy emphasized that the Bank of England hasn’t made any promises about maintaining record-low rates.
The BOE Governor will testify to lawmakers in London on Tuesday and a report on Friday is set to reveal what drove growth in the third quarter. Separate surveys on retail sales and consumer confidence will give insight into the fourth quarter, while Chancellor of the Exchequer George Osborne presents his year-end fiscal plan on Wednesday.
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- Thursday, 19 November 2015
- News
Aussie at a two-week high
With no major data releases from Australia this morning, markets are still being influenced by FOMC Meeting Minutes. USD fell from an eight-month high after minutes to the Federal Open Market Committee reaffirmed investors' expectations for higher interest rates next month. The greenback gained about 6.1% since the October meeting on the prospect of the US's zero interest rate policy coming to an end, and some investors took the opportunity to cash in those gains after the minutes stuck to the official statement last month.
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- Tuesday, 17 November 2015
- News
RBA has room for easing if needed
The Aussie gained on Tuesday, but quickly pulled back, after minutes of the central bank's November board meeting noted some scope for further easing, though with overall conditions accomodative. The inflation outlook provides further room for easing if needed, the Reserve Bank of Australia said Tuesday in the minutes of its November board meeting at which it held rates steady at a record low 2%.
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