Tag Archives: interest rate hikes

The European Central Bank (ECB) announced on Thursday that it raised its key rates by 75 basis points (bps) following the September policy meeting. With this decision, the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will be …

The USD/CAD is soaring despite Wednesday’s 75 bps rate hike by the Bank of Canada, from 2.50% to 3.25%, amid mixed market sentiment, with most global equities tumbling, except for US stocks.At the time of writing, the USD/CAD edges up 0.18%, trading at 1.3174, above its opening price at 1.31510.The …

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% …

The British FTSE 100 index ended slightly higher on Monday as commodity stocks achieved notable gains. Investors looked ahead to the appointment of Liz Truss as Britain’s new prime minister against a deteriorating economic background.The commodity-heavy FTSE 100 ended 0.1% higher, after falling as much as 1.2% earlier in the …

Bank of England BoE policymaker Catherine Mann said on Monday that the of increase rate gradual pace has not sufficiently tempered expectations.BoE Chief Economist Huw Pill also argued that a fast and forceful tightening potentially by a hold or reversal was superior to a gradualist approach.Mann noted that “Long-term expectation …

The Non-Farm Payrolls report has been the dominant market for the past week. Nonfarm Payrolls in the US rose by 315,000 in August, this reading followed July’s increase of 526,000 (revised from 528,000) and came in slightly better than the market expectation of 300,000. The Unemployment Rate rose to 3.7% …

The Bank of Canada will have its monetary policy meeting. Market consensus is for an increase in the key rate to 3.25% next week. Analysts look for the BoC to decide a 75-basis point interest rate hike, bringing rates into restrictive territory. They see little incentive for smaller hikes CPI …

The US employment has lost a significant amount of momentum. But some economists still believe that the Fed is expected to stick to its plan despite signs of a weakening. Fed Chairman Powell, in his speech at Jackson Hole, has put the markets on notice that monetary policy will continue …

Nonfarm Payrolls in the US rose by 315,000 in August, the data published by the US Bureau of Labor Statistics revealed on Friday. This reading followed July’s increase of 526,000 (revised from 528,000) and came in slightly better than the market expectation of 300,000.  to be updated…