Category Finance

Decision-making process starts a month before announcement with economic projectionsGoverning Council uses consensus approach, not voting system like Fed or BoECurrent focus on sticky inflation in services, including shelter costsIncreased consideration given to risk of inflation falling below 2% targetEmphasizes BOC’s commitment to bringing inflation back to targetFull…

Need to see residual inflation pressures disappearImperative that UK improves its current potential growth of 1.2-1.3% More to come GBP/USD has slackened to 1.3250 after touching above 1.33 and the highs of the year. This article was written by Adam Button at www.forexlive.com.

Rates cut to 8.00% from 8.25%Decision was unanimous2025 CPI seen at 4.1% vs 4.4% priorKganyago says hold, 25 and 50 bps were on the table The global disinflationary wave is ongoing. Eight per cent is still a tough pill to swallow but rates should come down. “In the…

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Headlines: BOE leaves bank rate unchanged at 5.00%, as expectedDollar struggles on the session, equities ramp higher as wellWeekly update on interest rate expectationsFed still on track to cut rates by 125 bps in total for 2024 – CitiGoldman Sachs now sees Fed cutting by 25 bps at…

As the North American session begins the AUD is the strongest and the JPY is the weakest. The USD is lower but with gains vs the JPY and the CHF. The USD is lower by 0.60% vs the GBP after the BOE kept rates unchanged a meeting after…

It was a cruel, counter-intuitive squeeze in markets in the immediate aftermath of the Fed decision. It was something of a ‘sell the fact’ trade but Asian markets had a look at the state of play and decided that sometimes a cut is just a cut, not a…