- Monday, 13 March 2017
- News
Investors cautious ahead of Fed
When Fed Chair Janet Yellen holds her first press conference of 2017 on Wednesday she can arguably declare a victory of sorts with an expected interest rate rise that will leave monetary policy looking increasingly normal. The rate increase expected on March 15 will be the second in four months, a pace unseen since the peak of the U.S. housing boom in 2006. A rate hike will also bring the Fed's target rate to between 0.75 - 1.00 percentage points, near the bottom of the range within which the Fed operated before the 2007-2009 financial crisis.
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- Tuesday, 07 March 2017
- News
RBA left interest rates unchanged
As expected, the Reserve Bank of Australia kept its benchmark interest rate unchanged at 1.50%. But the Australian dollar rose nonetheless after the decision, up 0.6% for the day against the U.S. dollar, thanks to Governor Philip Lowe’s optimistic outlook on Australia’s economic growth. In other words, the RBA will not need to cut rates any time soon and the Australian dollar will be firm?
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- Thursday, 19 January 2017
- News
ECB left interest rates unchanged
The European Central Bank kept its super-easy monetary policy unchanged as expected on Thursday, maintaining extraordinary stimulus to aid a tepid recovery in growth after nearly a decade in the doldrums. Following are highlights of ECB President Mario Draghi's comments at a post-policy meeting press conference.
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- Thursday, 15 December 2016
- News
BoE left interest rates unchanged
The Bank of England kept its key interest rate at a record low and noted that the pound’s recent appreciation may mean a slower pickup in inflation next year. In its last policy decision of 2016, the Monetary Policy Committee said sterling’s advance could mean “less of an overshoot” above its 2 percent goal than previously predicted. It still sees a pickup in price growth and repeated its line that it has limited tolerance for exceeding its target.
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