Tag Archives: inflation

money markets expect the ECB to raise rates by 75 bps – the main lending rate from 0.50% to 1.25% and the deposit rate from 0% to 0.75%. In such a scenario – which is the most likely one – the focus will swiftly shift to the next factors. If …

The Bank of Canada is widely expected to decide one more big interest hike on Wednesday in its endeavour to fight inflation which is currently near forty year high and closer to the 2% target.All 31 economists surveyed by Bloomberg expect policy makers led by Governor Tiff Macklem to raise …

The Bank of Canada is expected to issue its latest monetary policy decision on Wednesday. A rate hike of 75 basis points is widely expected. Analysts believe that central bank will slow down the pace of its rate hikes after this September’s meeting, only taking the policy rate to 3.75% …

Data on Monday showed Turkey’s annual inflation rate rose to a 24-year high of 80.21 percent in August, after the central bank decided to cut interest rates unexpectedly last month, but the data remained below expectations. The Turkish Statistical Institute said consumer prices rose every month by 1.46 percent, compared …

The GBP/USD pair is bleeding on Wednesday following a brief recovery versus the stronger dollar. At the time of writing, GBP/USD is trading at 1.1609 and is recording a 0.4% loss on the day.The sterling pierced the psychological 1.16 round level and faces its worst month since late 2016 against …

European Central Bank (ECB) Governing Council member Yannis Stournaras said on Tuesday that he expects inflation to peak this year before starting gradually decline in 2023, as reported by Reuters.Commenting on the economic outlook, Stournaras acknowledged that risks to growth are tilted to the downside. As for the market’s reaction, …

Annual inflation in Germany, as measured by the Consumer Price Index (CPI), rose to 7.9% in August from 7.5% in July, Germany’s Destatis reported on Tuesday. This reading came in slightly higher than the market expectation of 7.8%. The Harmonised Index of Consumer Prices (HICP), the European Central Bank’s (ECB) preferred …

In response to the market’s reaction to last week’s Jackson Hole, Minneapolis Federal Reserve Bank President Neel Kashkari said, on Monday, that people now understand how serious policymakers are about getting inflation back to 2%.The dollar has touched a fresh 20-year high to start the week fueled by hawkish comments …

The US Dollar Index has surged and managed to regain the uptrend after Fed Chairman Jerome Powell’s speech before Fed’s annual Jackson Hole Symposium, Friday morning, as the US central bank chair stressed that the monetary policymakers do not have the luxury to stop raising interest rates in the coming …

Cleveland Federal Reserve President Loretta Mester said on Friday that the July inflation report was welcome news but added that she needed to see more convincing data to conclude inflation was coming down, as reported by Reuters.The US Dollar Index showed no immediate reaction to these comments and was last …