Monetary Policy Summary, November 2024 The Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. The MPC adopts a medium-term and forward-looking approach to determine the monetary stance required to achieve the inflation target sustainably. At its meeting ending on […]
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I view the probabilities of downside and upside risks to inflation as broadly balanced. But at this point I am more worried about the possible consequences if the upside materialised, as this could require a Read more…
EUR/USD encountered significant pressure, testing a low of 1.0331 before rebounding to 1.0476, as market concerns mount over the potential economic slowdown in Europe and aggressive rate cuts by the European Central Bank (ECB). Recent Read more…
Gold switches to loses before reaching all-time high A consolidation phase likely in the short-term Gold felt Monday’s blues, retreating immediately toward its 20-day simple moving average (SMA) at 2,670 after five consecutive winning days. Read more…