The Mexican Peso falls as traders brace for a 50-basis-point rate cut amid signs of cooling inflation and weak economic activity. Banxico expected to slash rates by 50 bps as economy shows signs of fatigue. Economic activity remains in contraction despite solid retail sales and marginal January improvement. The Mexican Peso (MXN) depreciates against the…
A Reuters poll revealed that on March 27, Banco de Mexico (Banxico) is expected to cut interest rates by 50 bps amid the evolution of the disinflation process and an ongoing economic slowdown. Economists expect rates to get as low as 8.25% in 2025 Of 25 economists, 23 expect the central bank to lower borrowing…
USD/CAD oscillates inside Thursday’s trading range around 1.4330. The Fed is in no hurry to move to interest rate cuts amid elevated consumer inflation expectations. Market experts see the BoC reducing interest rates again in April. The USD/CAD pair ticks higher to near 1.4330 in European trading hours on Friday but remains inside Thursday’s trading…
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) 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…
The Federal Reserve is widely expected to leave monetary policy settings unchanged following the January meeting. Fed Chairman Powell’s presser could provide important clues about the rate outlook. The US Dollar could come under bearish pressure if the Fed leaves a rate cut in March on the table. The United States (US) Federal Reserve…
Bloomberg reported on Thursday, citing several unnamed people, that the Bank of Japan (BoJ) is expected to raise interest rates next week, barring a major market rout following US President-elect Donald Trump’s inauguration. The Japanese Yen witnessed a fresh leg lower to near 155.20 against the US Dollar following this report, with USD/JPY now recovering…
Mexico Central Bank Interest Rate meets forecasts (10%) Source link