boc interest rates

The Bank of Canada will be holding its monetary policy meeting today on 11th July 2018. According to the economists polled, the Bank of Canada is expected to hike interest rates by 25 basis points to 1.50%. However, approaching the event the central bank decision to hike rates remains a close call. The Governor of the Bank of Canada, Stephen ...

2018-07-11 John Benjamin Read more
bank of canada

While until recently, economists were hawkish on the Bank of Canada and preparing for a rate hike as early as July, the prospects of a rate hike are starting to diminish if recent data is anything to go by. Last week, data from Canada covered the retail sales and inflation reports. An unexpected dip in Canada's retail sales in April and a rat...

2018-06-29 John Benjamin Read more
bank of england rate hike

The Bank of England held its monetary policy meeting last week on Thursday. As widely expected, the central bank left the key interest rate unchanged at 0.50%. However, the central bank was seen laying the ground work for a rate hike in August. However, a lot will depend on how the UK's economy fares in the second quarter of the year. Officia...

2018-06-26 John Benjamin Read more
boe inflation

The Bank of England's monetary policy meeting is scheduled for this week on Thursday. According to the economists polled and the market watchers, the UK's central bank is expected to leave interest rates unchanged at this week's meeting. The central bank had last hiked interest rates in November 2017 by 25 basis points, bringing the interest ...

2018-06-20 John Benjamin Read more
european central bank

Speculators are likely to turn cautious on the euro currency heading into this week's European Central Bank's monetary policy meeting that will be held on June 14th. The ECB's meeting comes just a day after the FOMC meeting. U.S. short term interest rates are expected to be hiked by 25 basis points as the markets brace for forward guidance to de...

2018-06-13 John Benjamin Read more
fomc preview

The Federal Reserve will be holding its two-day FOMC meeting on June 13 and 14. According to the various economic indicators and the Fed's minutes from May, the futures and the swaps markets are pricing in a full 25 basis point rate hike this week. The U.S. short term fed funds rates currently stand at 1.50% - 1.75%. The rate hike is expected...

2018-06-12 John Benjamin Read more
GBP Down as BOE Keeps Rates Unchanged

BOE Votes 7 - 2 For Rates Unchanged The Bank of England’s “Super Thursday” meeting (rate decision, inflation report and meeting minutes) saw the GBP down as BOE keeps rates unchanged, widely disappointing the BOE bulls. The decision was widely expected following comments by BOE governor Carney last week who said that a May rate hike was looking...

2018-05-10 James Harte Read more
Euro slips after ECB leaves monetary policy unchanged

The European Central Bank was seen holding monetary policy unchanged at its meeting last Thursday. The ECB President Mario Draghi was widely expected to down play the concerns over the recent weak patch of economic data from the Eurozone and the markets expected Draghi to leave the option open to end the bond purchases by the end of the year. ...

2018-05-03 John Benjamin Read more
TRY Craters Despite CBRT Rate Hike

CBRT Lifts Rates 0.75% As downward pressures on price has continued over recent months, Turkey’s central bank today took action to address the situation by lifting its headline interest. While a rate was widely signalled at today’s meeting, in line with central bank commentary and the wider industry view on the Turkish economy, the CBRT took th...

2018-04-25 James Harte Read more
US Producer Price Index or PPI

What is the US Producer Price Index or PPI? The US Producer Price Index or PPI, is a monthly economic reading published by the Bureau of Labour Statistics. It tracks the shifting prices received by domestic producers of goods and services for their output. In this regard, PPI differs from CPI (Consumer Price Index) as it measures the changes in...

2018-04-24 James Harte Read more