At the post meeting press conference, BoE Governor Andrew Bailey said, “since the November monetary policy report we’ve seen the first signs that inflation has turned the corner.” “We have done a lot on rates Read more…
Emily Leveille, manager of a Thornburg mutual fund, says easing inflation and a falling dollar could boost foreign stocks. Foreign stocks have lagged U.S. equities in recent years, putting overseas stocks at attractive valuations compared Read more…
ECB raises main refinancing rate by 50bps to 3.00% as widely expected. The marginal lending facility and deposit facility rates are raised by the same amount to 3.25% and 2.50% respectively. In accompanying statement, ECB Read more…
The Governing Council will stay the course in raising interest rates significantly at a steady pace and in keeping them at levels that are sufficiently restrictive to ensure a timely return of inflation to its Read more…
The post BoE press conference live stream appeared first on Action Forex.
Sterling dives broadly after BoE rate decision. CPI is now projected to fall back to below 2% target in the medium term, based on conditioned forecasts with interst rate peaking at 4.50% in mid-2023. That Read more…
Gold continues to shine and hit the highest since mid-April on Thursday, in extension of the rally on Wednesday, sparked by dovish Fed. Investors entered fresh gold longs, as dollar became less popular after the Read more…
The euro is showing limited movement on Thursday, ahead of the ECB rate meeting. In the European session, EUR/USD is trading at 1.1000. Euro jumps on dovish Powell Investors liked what they heard from Jerome Read more…
BoE raises Bank Rate by 50bps to 4.00% as widely expected. The decision was made by 7-2 votes. Swati Dhingra and Silvana Tenreyro voted for no change again, as in December. Known hawk Catherine Mann Read more…
Monetary Policy Summary, February 2023 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. At its Read more…