AlexanderCollins
RBA holds interest rates steady at 4.35%
The Reserve Bank of Australia (RBA) decided to maintain the Cash Rate at 4.35% on Tuesday, May 7. This decision implies that the interest rates will stay at the same level for the following six weeks, leading up to the RBA Board's upcoming meeting in mid-June. The RBA's most recent Monetary Policy S
How to Read News for Trading Forex?
When keeping up with the latest news, it's crucial to pay attention to economic indicators that include GDP, inflation, employment figures, and decisions regarding interest rates. These indicators offer valuable information about the state of an economy and have a substantial influence on currency v
BOJ's Finance chief maintains stance on yen, no change in approach
On Thursday, the yen dropped below the 155 level against the dollar, which is regarded as a significant threshold by the authorities and increases the likelihood of currency intervention. "When pressed by an opposition lawmaker to intervene in the currency market, Finance Minister Shunichi Suzuki re
BoE's Pill suggests rate cut not imminent, despite progress
On Tuesday, Huw Pill, Chief Economist at the Bank of England, remarked that while the passage of time and the absence of negative inflation news had brought interest rate cuts closer, they were still not imminent. Investors scaled back their expectations for a rate cut by the Bank of England in the
BOJ will raise rates if trend inflation accelerates, says Gov Ueda
Bank of Japan Governor Kazuo Ueda stated on Tuesday that should there be an acceleration in trend inflation towards the 2% target, which aligns with the central bank's projection, the bank will proceed to increase interest rates once more. Ueda informed the parliament that altering monetary policy w
Nagel sees an ECB rate cut in June as increasingly likely
On Wednesday, Joachim Nagel, a policymaker at the European Central Bank, stated that a rate reduction for the institution appears to be becoming more probable for June. However, he also noted that certain components of the incoming inflation data still seem to be higher than desirable. "Underlying i
Fed's Powell: High inflation to delay this year's rate cuts
Federal Reserve Chair Jerome Powell stated that a "lack of further progress" in controlling inflation means the central bank will likely refrain from reducing interest rates at its upcoming policy meeting just two weeks away, instead maintaining elevated interest rates for a prolonged period. Since
Suzuki of Japan ready to take 'all measures' on FX
"We are closely watching the latest events," said Finance Minister Shunichi Suzuki on Tuesday in Tokyo before his departure for Washington to attend the annual International Monetary Fund events and meetings of finance ministers from the Group of Seven and Group of Twenty nations. "We stand ready to
Bank of Canada Cracks the Door to Monetary Easing
The Bank of Canada has decided to maintain the overnight rate target at 5%, as anticipated by the market, and is persisting with its policy of quantitative tightening. Governor Macklem of the Bank of Canada stated that they are observing the necessary conditions to potentially decrease policy intere
BoJ won't adjust policy for FX fluctuations
Bank of Japan Governor Kazuo Ueda stated on Wednesday that the central bank would not adjust its monetary policy in direct response to fluctuations in the currency market. This dismisses the speculation in the market that the significant depreciation of the yen could compel the bank to raise interes
Japan warns of excessive volatility as yen nears fresh lows
Japan is closely monitoring the fluctuations in foreign exchange rates and remains open to considering all possible measures to address the significant instability, stated Finance Minister Shunichi Suzuki on Tuesday, as the yen approached 152 against the U.S. dollar, marking its lowest value in more
Fed's Mester stands by the forecast of three rate cuts this year
Cleveland Fed President Loretta Mester commented in a speech on Monday that the Federal Reserve has achieved significant advancements in addressing disinflationary pressures. However, she acknowledged that the inflation rate continues to exceed the targeted 2%. Inflation for January and February was
RBA minutes show no consideration for March rate hike
The Reserve Bank of Australia, during its March meeting, refrained from evaluating the possibility of raising interest rates further, which is a departure from its previous pattern of consistently considering this option during its aggressive series of rate hikes. However, according to the minutes o
Fed's Waller takes a cautious stance on rate cuts in 2024
Federal Reserve governor Chris Waller expressed on Wednesday evening that he does not feel a sense of urgency to reduce interest rates, despite the presence of higher inflation figures during the initial two months of the year. Waller expressed his disappointment with the latest inflation numbers, s
BOE's Mann: Market expects excessive interest rate cuts this year
Catherine Mann, a policymaker at the Bank of England, expressed the view that financial markets have incorporated an excessive number of anticipated interest rate cuts for this year. She also stated that it is improbable for the UK to take action before the US Federal Reserve. Furthermore, she highl
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