ecb holds

The European Central Bank's monetary policy meeting was held last week. As widely expected, the central bank left the key interest rates unchanged at last week's meeting. The main refinance rate which is at zero percent, the deposit rate which is at -0.40% and the marginal lending rate which is at 0.25% were left unchanged. However, invest...

2018-06-21 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
May fomc minutes

The Federal Reserve released the May FOMC minutes last week. The minutes were released with the usual delay of three weeks after the monetary policy meeting. According to the meeting minutes, officials had earlier this month suggested that another rate hike was appropriate. Officials noted that while there were several risks that were facing ...

2018-05-31 John Benjamin Read more
CBRT Central Bank of Republic of Turkey

Rates Unchanged At its latest rates setting meeting this week, the Central Bank of Republic of Turkey kept rates unchanged as expected, though the market was taken by surprise as the CBRT announces new monetary policy framework. At its May meeting the CBRT announced it was simplifying its monetary policy framework where its highly asymmetric co...

2018-05-29 James Harte Read more
ecb meeting

The European Central bank released the meeting minutes last week which covered the monetary policy meeting that was held in the last week of May. According the minutes, the ECB acknowledges slowdown in Eurozone growth and expects it to slow further amid increasing uncertainty. However, the minutes showed that officials were confident that the re...

2018-05-29 John Benjamin Read more
Mester aims to maintain Fed's course

The President of The Cleveland Federal Reserve Bank, (known to be a hawk in the FOMC) Loretta Mester aims to maintain Fed's course, stating that the central bank must continue its gradual approach to raising interest rates as the inflation rate still did not reach the central bank's 2% inflation target rate. She spoke on Monday in Paris, amid a ...

2018-05-21 John Benjamin Read more
RBNZ leaves OCR unchanged

Summary: RBNZ leaves OCR unchanged at 1.75% at the monetary policy meeting in May Interest rates left unchanged for the nineteenth consecutive month RBNZ gives fresh economic forecasts. Downgrades GDP and inflation RBNZ pursues dual mandate of employment and price stability The Reserve Bank of New Zealand held its monetary polic...

2018-05-16 John Benjamin Read more
BoE Holds Rates As Economic Data Weakens

The BoE holds rates as economic data weakens in its meeting last week, matching market expectations. The BoE was initially supposed to hike rates by 25 basis points at this month's meeting. But following a soft patch of economic data, the market expectations fell dramatically. The central bank voted with a 5 - 2 result on interest rates. Two ...

2018-05-15 John Benjamin Read more
May FOMC Meeting

Summary: Officials leave the short term rates at 1.50% - 1.75% Federal Reserve on track to hike rates at the June FOMC meeting Officials willing to tolerate inflation overshoot beyond 2% Further rates hikes for the rest of the year to be determined by incoming data The Federal Reserve Bank held its monetary policy meeting last w...

2018-05-10 John Benjamin Read more