Up Next: The Bank of Canada Rate Decision

One of the must-watch economic events this week will be the Bank of Canada interest rate decision. The decision is scheduled to be announced on Wednesday at 14:00 PM London time. It will be the first meeting since the new United States–Mexico–Canada Agreement (USMCA). The bank has increased its interest rates four times since July of last year,...

October 22, 2018
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A Fourth RRR cut by the PBOC

As PBOC slashed its Reserve Requirement Ratio (RRR) for large institutions and smaller banks, investors are trying to understand the rationale and implications of this action because it is the fourth cut for the year. The cut will inject billions of Yuan into the banking system. In doing so, it signals that China is worried about its slowing e...

October 10, 2018
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FOMC Brief – Sep 2018 Rate Hike

    Yesterday, the US Federal Reserve announced the raising of interest rates from to 2.00%~2.25%. Most Fed officials agreed (12 people out of 16) in principle to raise the rate, in line with market expectations, and according to the Dot Plot, the expected interest rate in 2019 & 2020 is 3.2% and 3.6% respectively, which is still...

September 27, 2018
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Fundamental and Technical Forecasts Ahead of the FOMC meeting

The FOMC Meeting is set to be the highlight of the week as it might revive the rising trend of the US dollar. Watchful eyes are glued to the reactions of the financial markets as the new tariffs officially take effect today. The policy divergence between the Fed and other central banks have put the US dollar in the spotlight and traders are k...

September 24, 2018
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Bank of England Rate Decision – Preview

All the talk about whether Mark Carney will leave the Bank of England in 2019 or not has ended, the current Bank of England governor has extended his stay at the central bank until January 2020 as Chancellor Philip Hammond announced it on Tuesday. So it is now time to focus on the upcoming Bank of England rate decision at on Thursday. Who Decide...

September 12, 2018
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RBA’s Next Move: Up, Down or On Hold?

After a Liberal leadership crisis hit the Australian dollar last week, the victory of former Treasurer, Scott Morrison brought some relief to the markets given that he was the most market-friendly option. This week the Australian banks are in the limelight. The banking sector recently made headlines over the Royal Commission’s investigation...

August 30, 2018
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Central Bank Interest Rates

Central Bank Interest Rates By Klavs Valters  A central bank's interest rate is a rate at which it typically lends money to local banks. This interest rate is charged by nations’ central or federal banks on loan advances to control the money supply in the economy and the banking sector. Each central bank has its own annual schedule when announc...

May 16, 2018
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Federal Budget 2018: A Mixed Reaction

Federal Budget 2018: A Mixed Reaction By Deepta Bolaky Treasurer Scott Morrison handed down his third incorporating tax cuts, superannuation benefits, aged care spending and significant infrastructure spending. The highlight is its plan to hand out $140 billion in tax cuts over the next 7 years possibly making the budget a strong “pre-election...

May 14, 2018
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World’s Largest Banks

World's Largest Banks By Klavs Valters  Banks play a significant role in our day-to-day lives and as the global economy continues to expand year-on-year, they will continue to do so. Even though the United States has the largest economy by Gross Domestic Product (GDP), China dominates the list of the biggest banks in the world (by asset value), w...

May 7, 2018
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The Bank of England Rate Decision

The Bank of England on the 3rd August, will announce whether they will increase, decrease or maintain the key interest for the United Kingdom. In this article we will look ahead with some industry experts and see how the UK economy performed last quarter. Who decides the rates? Interest rates are set by the Bank of England’s Monetary Policy Comm...

July 28, 2017
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Post Fed Rate Hike

Post Fed Rate Hike March 15th 2017 - The United States Federal Reserve (Fed) raised borrowing costs for the third time since the end of the financial crisis. An event so widely predicted that Bloomberg's World Interest Rate Probability was pegged at close to 100%. The Federal Open Market Committee (FOMC) decided to increase the federal funds rate b...

March 31, 2017
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Eyes are on the BOE tonight for the rate decision

Upcoming News » 9:00pm BOE Inflation Report - GBP » 9:00pm MPC Official Bank Rate Votes - GBP » 9:00pm Monetary Policy Summary -  GBP » 9:00pm Official Bank Rate  - GBP » 9:30pm BOE Gov Carney Speaks - GBP » 10:30pm Unemployment Claims - USD » 11:30am RBA Monetary Policy Statement - AUD Eye’s are on the BOE tonight for the rate dec...

August 4, 2016
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RBA cut interest rates

Upcoming News » 6:30pm Construction PMI - GBP » No release time, GDT Price Index - NZD As expected the RBA cut interest rates by 25 basis points.  The AUDUSD dropped on the news but has retraced most of its drop. The AUDUSD lost 54 pips to .7488, buyers have come back in taking it back above .7500. The AUS200 lost ground after the disappointing...

August 2, 2016
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Swiss National Bank, Bank of England & Brexit News

Last night the Swiss National Bank and the Bank of England kept rates on hold, which was expected. The CPI data came out worst than expected but no big surprises. We also had the Philly Fed manufacturing index, which was much better than expected at 4.7. As to what was expected at 1.1, so it was a good strong figure. Unemployment came out a bit w...

June 17, 2016
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