Bank of England Cuts Interest Rate but Leaves Future Moves in Doubt December 18, 2025 Among the many central bank interest rate announcements made today, the most surprising came from the Bank of England‘s. The rate cut of 25 basis points to 3.75% — a low not seen since January 2023 — met expectations, but…
Attention Shared by Central Bank Decisions & Year-end Data Deluge December 17, 2025 The dollar rose overnight, led by gains of 0.5% against yen and sterling. The U.S. currency also appreciated 0.2% against the Australian currency and Mexican peso and 0.1% relative to the Swiss franc, euro, kiwi and won. Gold is 0.7% stronger, whereas…
Business World Plows On In Spite of Dystopic Newsfeed December 15, 2025 (161) The coming week will be the last one of 2025 in which financial markets are not heavily affected by year-end factors. A heavy menu of economic data releases, including belated U.S. ones due to the government shutdown. Oftentimes particularly in the early…
Next Week’s Menu: December 13-19, 2025 December 12, 2025 Central Banks: Monetary policy stances will be reviewed at the European Central Bank, Bank of Japan, Bank of England, and also in Norway, Sweden, Indonesia, Hungary, Thailand, Mexico, Russia, Czech Republic and Jamaica. Fed officials speaking publicly during the period include Miran, Waller, Williams, and Bostic….
T.G.I.F. December 12, 2025 As 2025 sprints to the finish line, the weeks have gotten exhausting and confusing. Just under three full weeks remain, and the last two will be distorted by the holidays. Overnight changes in the dollar have not been significant, but that doesn’t change the softening trend of the dollar since just…
Thursday Roundup December 11, 2025 Many other central banks made interest rate announcements the day after the Federal Reserve’s fed funds target was cut on Wednesday by 25 basis points by a split vote of 10-2-1 with District Presidents Schmid and Goolsbee preferring to leave the rate unchanged at 3.75-4.0% and Governor Miran promoting a…
FOMC Statement, Updated Forecast, and Powell Press Conference December 10, 2025 In the six weeks since the late October review of U.S. monetary policy, the dollar on balance moved hardly at all against the euro but rose 2.7% against the Japanese yen as can be seen at the bottom of the table below. The 10-year…
Azerbaijan and Canadian Interest Rate Decisions in December 2025 December 10, 2025 the Bank of Canada’s overnight policy interest rate was left unchanged at 2.25% following today’s scheduled review today. That’s its lowest level since July 2022 and represents a cumulative decline of 275 basis points since June 2024. Today’s decision was not a surprise,…
All Eyes on the Federal Reserve December 10, 2025 This week’s FOMC meeting, whose interest rate announcement today will be made at 14:oo EST and likely involve a 25-basis point cut, is the last one of 2025. The first three scheduled meetings next year (Jan 27-28, Mar 17-18 and Apr 28-29) will be chaired by…
Central Banks In the Forefront December 9, 2025 The Federal Open Market Committee’s two-day policy review begins today and is widely expected to cut the federal funds target interest rate by 25 basis points, matching the previous decisions in September and late October. A scheduled quarterly update of Fed forecasts and Chairman Powell’s press conference…