Tag Archives: inflation

The only significant central bank meeting this week, that of the Bank of Japan, is anticipated to end without a change in monetary policy following the BoC’s rate decision on Wednesday. Nonetheless, there are several elements that might distinguish the meeting event.Hikaru Kuroda, governor of the Bank of Japan, who …

Fed Chair Jerome Powell indicated that the “costs of not getting inflation down will be extremely high”. FOMC Chairman Jerome Powell testifies on the Semi-annual Monetary Policy Report before the US House Financial Services Committee on Wednesday.The US Dollar stays under modest bearish pressure during Powell’s testimony and the US …

The Bank of Canada on Wednesday left its key overnight rate on hold at 4.50%, as expected, becoming the first major central bank to suspend its monetary tightening campaign in the face of an anticipated easing of high inflation.Over the past year, the Canadian central bank raised rates eight times …

Gold price outlook has deteriorated by extremely hawkish Fed Powell’s comments on Tuesday. S&P500 retreated on the prevalent dismal market mood as more rates from the Fed do a lot to confirm a US recession. At the time of writing, gold is trading at 1812.63 per ounce. The Gold Index …

With Powell’s hawkish stance, the USD/CAD pair rises beyond the 1.3755 mark and is now approaching 1.3800 after trading at 4-month highs. The pair is trading at 1.3759 at the time of writing versus the previous closing at 1.3611 on Monday. On the strength of Jerome Powell’s remarks, the USD/CAD …

Fed Chair Jerome Powell is delivering his bi-annual testimony before the US Senate. He presents the Monetary Policy Report before the Q&A session with senators. The US dollar, stock markets as well as all other asset could be on the move with Powell’s words. The US Dollar’s bullish rally remains …

Fed’s Powell has indicated that the central bank is Ready to increase pace of rate hikes if incoming data suggests faster tightening is required. Markets see hawkish bias in Powell’s remarks, US Dollar soars.EUR/USD tumbles more than 50 pips. The EUR/USD lost more than 50 pips after the release of …

the BoC is planning to maintain rates at their pre-financial crisis high of 4.50%; however, this does not necessarily suggest that they will be dropped as quickly as they were nearly 16 years ago. It is time for the Bank of Canada (BoC) to follow through on its promises to …

These are the predictions made by the economists and analysts of 6 major banks on the impending central bank’s decision. The Reserve Bank of Australia (RBA) will issue its next monetary policy decision on Tuesday, March 7 at 03:30 GMT. In March, the RBA is expected to issue another rate …

Data on Friday showed German exports grew more than expected in January, rising 2.1 percent month-on-month after declining in December, thanks to strong demand from the United States and Britain. A Reuters poll had expected exports to rise 1.5 percent month on month. The data showed that exports to the …