DECEMBER – US Federal Reserve raises the interest rate by 25bps

DECEMBER – US Federal Reserve raises the interest rate by 25bps

Announcement Date: December 3, 2015

December 3rd: ECB monetary policy announced deposit rate cut to -0.30%. Falls short of expanding QE. Euro surges by over 2.0% on the day;

December 4th: US November nonfarm payrolls rises 211k and beats estimates. Unemployment rate steady at 5.0%. Signals Fed rate hike move;

December 9th: RBNZ cuts overnight cash rate by 25bps. New Zealand interest rate at 2.50% from 2.75% previously;

December 16th: Fed hikes rates by 25bps and expects four rate hikes in 2016. Markets take the rate hike in their stride.

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