Fed continues to cut rate – decision of October 30, 2019 – 1.75%

FOMC statement (October 30, 2019)

Information received since the Federal Open Market Committee met in September indicates that the labor market remains strong and that economic activity has been rising at a moderate rate.

 

Federal Reserve System

Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although household spending has been rising at a strong pace, business fixed investment and exports remain weak. Continue reading

ECB restarts QE. Decision of September 12, 2019

ECB Monetary policy decision.

At today’s meeting the Governing Council of the ECB took the following monetary policy decisions:

mario-draghi-ecb2

(1) The interest rate on the deposit facility will be decreased by 10 basis points to -0.50%. The interest rate on the main refinancing operations and the rate on the marginal lending facility will remain unchanged at their current levels of 0.00% and 0.25% respectively. Continue reading

Libra will replace the dollar?

In his speech at the Central Banks economic symposium these days in Jackson Hole, the Governor of the Bank of England made some extremely curious statements.

libra-facebook

Mark Carney said that dollar dominance in the global financial system increases the risks of the global liquidity trap, and that currencies like Libra will end dollar dominance. So what is the currency of the future Libra? And what is its threat to the modern financial system? Continue reading

The historic FOMC decision – cut rate to 2.25%

For the first time in the last 10 years, the Federal Open Market Committee (FOMC) has decided to cut the interest rate by 0.25% to 2.25%.

Donald Trump,Jerome Powell

Below is the full text of this historic decision. Continue reading

Can the market correctly predict the change in interest rates?

The US economy added only 75,000 jobs in May, which is more than 100,000 less than experts predicted.

A sharp slowdown in the growth of the number of jobs in May provoked a rise in traders’ expectations that the Fed would start lowering rates in July, lowering them an additional two times before the end of the year.

roller-coaster on financial markets

However, are the experts able to correctly predict the actions of the Fed in the future? Continue reading

Central Bank of Russia terminated licenses from five forex brokers

The Central Bank of Russia revoked licenses from brokers – Forex Club, Fix Trade, Trastforex, Alpari Forex and Teletrade Group.

Central Bank of Russia

Decisions on this are posted on the website of the Central Bank of Russia. Continue reading

FOMC rises rates (2.5%) decision from December 19, 2018

Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate.

Powell-Fed

 Job gains have been strong, on average, in recent months, and the unemployment rate has remained low. Household spending has continued to grow strongly, while growth of business fixed investment has moderated from its rapid pace earlier in the year. Continue reading

Historic ECB monetary policy decision -13 Dec. 2018

At today’s meeting the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.

mario-draghi-ecb2

The Governing Council expects the key ECB interest rates to remain at their present levels at least through the summer of 2019, and in any case for as long as necessary to ensure the continued sustained convergence of inflation to levels that are below, but close to, 2% over the medium term. Continue reading

The FOMC rises rates (1.75%-2.00%) decision from June 13, 2018

Information received since the Federal Open Market Committee met in May indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate.

FOMC

Job gains have been strong, on average, in recent months, and the unemployment rate has declined. Continue reading

RBA Monetary Policy Decision (5 June 2018) – rate unchanged at 1.50

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent.

phillip-lowe-RBA

The global economy has strengthened over the past year. Continue reading

Bank of Canada maintains rate at 1,25% – Statement May 30, 2018

The Bank of Canada today maintained its target for the overnight rate at 1 ¼ per cent.

Bank of Canada Poloz

The Bank Rate is correspondingly 1 ½ per cent and the deposit rate is 1 per cent. Continue reading

Central Bank of Russia lost $ 4.5 billion in the forex in 2017.

Experts from finanz.ru resource calculated that the transaction of the Central Bank of Russia in the international currency market in 2017 turned into a blow to the gold and currency reserves of Russia.

Elvira Nabiullina

The Central Bank of the Russian Federation “did not guess” the dynamics of the euro to the dollar and suffered billions of losses on exchange rate differences, it follows from the data of the central bank and finanz calculations. Continue reading

Bank of England statement on May 10, 2018 – rate maintained at 0.50%

The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment.

Bank-of-England-Governor-Mark-CarneyAt its meeting ending on 9 May 2018, the MPC voted by a majority of 7-2 to maintain Bank Rate at 0.5%. Continue reading

Statement by Reserve Bank of New Zealand – rate unchanged (1.75%), May 10, 2018

Statement by Reserve Bank Governor Adrian Orr:

The Official Cash Rate (OCR) will remain at 1.75 percent for some time to come.

Adrian Orr-RBNZ

The direction of our next move is equally balanced, up or down. Only time and events will tell. Continue reading

FOMC decision – rate unchanged (1,5%-1,75%) May 2, 2018

Information received since the Federal Open Market Committee met in March indicates that the labor market has continued to strengthen and that economic activity has been rising at a moderate rate.

FOMC

Job gains have been strong, on average, in recent months, and the unemployment rate has stayed low. Continue reading

RBA Monetary Policy Decision – no change (1,5%) May 1, 2018

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent.

RBA

The global economy has strengthened over the past year. Continue reading

The decision of the Central Bank of Russia – key rate unchanged (7,25%)

On 27 April 2018, the Bank of Russia Board of Directors decided to keep the key rate at 7.25% per annum.

Emblem of the Central Bank of Russia

Annual inflation remains low. The April weakening in the ruble against the backdrop of geopolitical tension will be a factor for consumer price growth paces to quicken as they move closer to 4%. Continue reading

Bank of Japan Monetary Policy Decision – April 27, 2018

The Bank of Japan will apply a negative interest rate of minus 0.1 percent to the Policy-Rate.

Bank of Japan

Statement on Monetary Policy: Continue reading

ECB monetary policy decision of April 26, 2018

At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.

European Central Bank

The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases. Continue reading

Bank of Canada maintains rate at 1,25% – Statement April 18, 2018

The Bank of Canada today maintained its target for the overnight rate at 1 ¼ per cent.Bank of Canada

The Bank Rate is correspondingly 1 ½ per cent and the deposit rate is 1 per cent. Continue reading