The European Central Bank (ECB) announced on Thursday that it lowered key rates by 25 basis points (bps) following the April policy meeting, as expected. With this decision, the interest rate on the main refinancing operations, the interest rates on the marginal lending facility and the deposit facility stood at 2.4%, 2.65% and 2.25%, respectively….
Banxico board sees increased economic slack and downside inflation risks, reinforcing expectations for more rate cuts. Majority noted orderly MXN trading and improving liquidity conditions despite external volatility. USD/MXN could test 20.00 if support at 20.30 breaks; upside risk only resumes above 20.50. On Thursday, April 10, Banco de Mexico (Banxico) released its latest meeting…
St. Louis Federal Reserve (Fed) President Alberto Musalem indicated that he was closely monitoring whether a rise in short-term inflation expectations was seeping into longer-term ones, noting that such a development could complicate efforts to combat inflation and diminish the Fed’s flexibility in addressing labour market weaknesses. Key Quotes Distinct possibility that inflation rises even…
The Reserve Bank of New Zealand (RBNZ) announced on Wednesday that it cut the Official Cash Rate (OCR) by 25 basis points (bps) from 3.75% to 3.5% after concluding the April monetary policy meeting. The decision aligned with the market expectations. The RBNZ has cut the official cash rate by 200 bps since August 2024. Summary of the RBNZ…
Reserve Bank of Australia (RBA) Governor Michele Bullock is scheduled to hold a press conference following the central bank’s decision to leave the benchmark interest rate unchanged at 4.1% on Tuesday. Bullock will respond to media questions as part of a new reporting format for the central bank that started this year. Economic Indicator RBA…
The Federal Reserve is expected to leave the policy rate unchanged for the second consecutive meeting. The revised Summary of Economic Projections could offer key clues about the policy outlook. The US Dollar could recover if the Fed downplays growth concerns. The United States (US) Federal Reserve (Fed) will announce monetary policy decisions and…
Federal Reserve (Fed) Board of Governors member Adriana Kugler hit newswires with cautionary comments on Friday that whiplash trade policies could do a lot of damage, including pinning inflation at a persistently higher level. Key highlights It is possible that we’ll see more persistent inflation due to policies. I am paying a lot of attention…
Federal Reserve (Fed) Bank of San Franciso President Mary Daly noted on Tuesday that prospects of further rate cuts this year remain murky in the face of policy uncertainty despite an overall positive lean to US economic factors. Key highlights The US economy is in a good place. GDP growth and the labor market are…
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee hit markets on an already-volatile Friday with more bad news, noting that inconsistent policy approaches from the US government cause a high level of economic uncertainty that make it difficult for the Fed to draw a bead on where the economy, and inflation specifically, are likely…
European Central Bank (ECB) Governing Board Member Mario Centeno noted that deflationary pressures within the European economy are becoming a concern for policymakers. Dropping interest rates below neutral in order to stimulate the economy may be necessary, according to Centeno. Key highlights Undershooting 2% inflation is a risk if investment doesn’t pick up. We may…