Archive for Economics & Fundamentals – Page 2

Canada raises rate 25 bps, soft inflation seen temporary

By     Canada’s central bank raised its benchmark target for the overnight rate by 25 basis points to 0.75 percent, as expected by many analysts, saying data had bolstered its confidence about the economic outlook and recent softness in inflation is judged to be temporary.      The Bank of Canada issued the […]

Argentina holds rate as national inflation gauge launched

By     Argentina’s central bank kept its monetary policy rate at 26.25 percent, saying the national consumer price index it will use to gauge compliance with its inflation target was published for the first time and showed that accumulated inflation was similar to the previously used index for the Greater Buenos Aires area […]

Investors on the sidelines ahead of Janet Yellen’s testimony and the BoC meeting

Article by ForexTime With the absence of any top tier news and the markets waiting for further indications on the Fed’s policy when Janet Yellen testifies before Congress on Wednesday, investors and traders are currently in a ‘wait and see’ mode. The week kicked off with most major asset classes moving in tight ranges. The […]

Israel holds rate as 2017 growth forecast raised

By        Israel’s central bank left its monetary policy interest rate at 0.10 percent, as widely expected, saying all data point to continued solid economic growth in the second quarter of this year and growth for the full year will be higher than previously forecast.      The Bank of Israel (BOI), […]

Serbia maintains rate as inflation seen in target range

By      Serbia’s central bank left is key policy rate at 4.0 percent, unchanged in the last year, and said it expects inflation to continue to move within its inflation target tolerance range of 3.0 percent, plus/minus 1.5 percentage points, “in the period ahead.”      The National Bank of Serbia (NBS), which […]

The week ahead: Will Janet Yellen provide additional support to the Greenback?

Article by ForexTime After testing a nine-month low late June, the U.S. dollar finally managed to gather some momentum last week to end higher against most of its counterparts, thanks to the latest jobs report. The U.S. economy added 222 thousand jobs in June and job creations in April and May were revised higher. Nonetheless, […]

This week in monetary policy: Serbia, Israel, Argentina, Canada, Croatia, South Korea, Malaysia, Chile and Peru

By     This week (July 9 through July15) central banks from 9 countries or jurisdictions are scheduled to decide on monetary policy: Serbia, Israel, Argentina, Canada, Croatia, South Korea, Malaysia, Chile and Peru.     Following table includes the name of the country, the date of the next policy decision, the current policy rate, the […]

Dollar unfazed by NFP upside surprise

Article by ForexTime Traders seem undecided on whether to throw the USD a lifeline, following the news that the United States added another impressive 222,000 jobs to its economy in the month of June. While the solid headline jobs number continues to highlight the underlying strength of the US jobs market, average hourly earnings on […]

Update on UK General Election, 2017, and Brexit: New UK Government Starts Talks

By Admiral Markets Dear traders, The Snap General Election took place almost one month ago (June 8, 2017), but you might be wondering what’s happened since then… It’s time for an update on both the UK General Election and the Brexit process, which started more than a year ago with the referendum on EU membership […]

Egypt raises rate 200 bps but to cut when inflation eases

By      Egypt’s central bank raised its key policy rates by another 200 basis points due to a worsening of the outlook for inflation but held out the prospect of lower rates by saying it expects “a measured easing of the monetary stance” as soon as underlying inflation starts to moderate.      […]

The USD is under pressure of the statistics. Overview for 06.07.2017

Article By On Thursday afternoon, the main currency pair resumed growing after the USA published the first block of statistics on the employment. The USA published first reports on the employment market this month and the EUR/USD pair is back to strengthening again. The current quote for the instrument is 1.1390. So, today the […]

Ukraine holds rate to curb inflation pressure, meet target

By       Ukraine’s central bank kept its key policy rate at 12.50 percent as inflation sped up in May and June and said it needs to have clear signs that higher raw food prices are not turning into stronger inflation pressure and impeding progress toward reaching its inflation targets before it returns […]

Malawi cuts rate 400 bps as disinflation takes hold

By       Malawi’s central bank slashed its policy rate by 400 basis points to 18.0 percent as the disinflationary momentum has strengthened, with the stabilization of the kwacha’s exchange rate boding well for a continued decline in inflation.      The Reserve Bank of Malawi has now cut its policy rate by […]

Thailand holds rate, domestic demand not broad-based

By     Thailand’s central bank left its monetary policy rate at 1.50 percent, as widely expected, and said its policy stance should remain accommodative as the expansion in domestic demand was not yet sufficiently broad-based although the overall growth outlook had improved due to better exports.     The Bank of Thailand (BOT), which […]

Are Advanced Economies Ready for Recovery, Really?

Or Global Reflation As China Begins Tightening By Dan Steinbock Until recently, the conventional wisdom was that China’s contribution to global reflation would be increasingly accompanied by those of the US and Europe. Yet, the realities may look grimmer than anticipated. Usually, the term ‘reflation’ is used to describe the first phase of economic recovery […]

Sweden maintains rate but rate cuts now less likely

By     Sweden’s central bank left its benchmark repo rate at minus 0.50 percent, as widely expected, but took the first cautious step toward tightening monetary policy by saying rising inflation and reduced risks of an economic setback “makes it less likely than before that the Riksbank will cut the repo rate in […]