Reserve Bank of Australia (RBA) Governor Michele Bullock is speaking a press conference following the announcement of the July monetary policy decision on Tuesday. Earlier this Tuesday, the RBA surprised markets by leaving the benchmark interest rate unchanged at 3.85%. Key quotes Already cut by 50 bps effects still to flow through. By next meeting,…
Reserve Bank of Australia (RBA) Governor Michele Bullock is addressing the press conference, explaining the reason behind unexpectedly leaving the key interest rate unchanged at 3.85% in the July policy meeting. Bullock is responding to media questions as part of a new reporting format for the central bank that started this year. For RBA Bullock’s…
European Central Bank (ECB) Governing Council member Mario Centeno said on Wednesday, “I’m still cautious, following all data available.” Additional quotes I’m worried about investment in the Euro Area. Strong Euro will bring more investors to Europe. Euro strength reflection of global developments. I’m in no rush to lower interest rates. A weak Q2 could…
Brazil Interest Rate Decision above expectations (14.75%): Actual (15%) Source link
European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Thursday that “the ECB has arrived at neutral level of rates.” Additional quotes Important ECB doesn’t commit to one direction or another. Rates may still have to come down as risk has increased that inflation will be below projections. Important to take a pause on rates. I don’t…
Bank of Japan (BoJ) Governor Kazuo Ueda said on Tuesday, “we will raise interest rates if we have enough confidence that underlying inflation nears 2% or moves around 2%.” Additional quotes If economy, prices come under strong downward pressure, BoJ has limited room to underpin growth with rate cuts with short-term rate still at 0.5%….
AUD/JPY drifts lower on Tuesday in reaction to dovish-sounding RBA meeting Minutes. The technical setup favors bears and supports prospects for a further depreciating move. A broadly weaker could offer some support to spot prices and help limit deeper losses. The AUD/JPY cross attracted some sellers after the Reserve Bank of Australia (RBA) meeting Minutes…
The Dow Jones initally eased to 40,850 after the Fed held rates steady at 4.25-4.5%. Markets broadly anticipated a rate hold, but hope for a policy narrative pivot toward future rate cuts. Hope for imminent rate cuts took a hit after Fed Chair Powell gave a cautious appearance. The Dow Jones Industrial Average (DJIA) eased…
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….
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…