NZ Interest Rates Remain Unchanged
New Zealand’s central bank has kept its official interest rate steady at 7.25 percent despite slowing economic growth, citing a worse-than-expected outlook for inflation.
Rising oil prices and a declining New Zealand dollar (NZD) is expected to see inflation rise to 3.9 percent this quarter, Reserve Bank governor Alan Bollard said. Earlier forecasts had seen inflation [...]
Read more »Surprise Interest Rates Rise in Turkey
To the surprise of us and almost everybody in the financial markets, the Central Bank (CB) raised its main policy interest rate by 175 bps to 15%. The average expectation for the rate increase in the market was around 50-75 bps, while we were not expecting anything more than 50bps.
In the accompanying short note, the [...]
Read more »Unemployment falls to 30-year low in Australia = Inflation?
Unemployment in Australia has fallen to its lowest level in 30 years, sparking market fears of a further hike in interest rates to curb inflationary pressure and a massive drop in stocks.
Read more »South African Reserve Bank hikes Interest Rates by 50bp!
The South African Reserve Bank’s monetary policy committee (MPC) decided to hike the key interest rate by 50bp to 7.50% at today’s monetary committee meeting – the decision was a bolt from the blue.
The decision likely came as a reaction to increasing inflationary pressures in the economy as a result of strong domestic demand and [...]
Read more »ECB raises Interest Rates 25 point, cuts 2007 growth forecast.
The ECB considered raising its key interest rates by half a percentage point at its meeting, but the “overwhelming majority” of the bank’s governing council deemed a quarter-point hike more appropriate, president Jean-Claude Trichet said on Thursday.
Read more »Ben Bernanke: Tough Guy
Ben S. Bernanke rattled world financial markets Monday with his tough talk about combating inflation, but he also buffed up his image as a strong US Federal Reserve chairman committed to the fight, analysts said yesterday.
Read more »British interest rates should remain at 4.50%.
Bank of England (BoE) policymakers are predicted to maintain British interest rates at 4.50 percent on Thursday for the 10th month in a row.
The decision-making body of the BoE, the Monetary Policy Committee (MPC), will likely freeze the “repo” rate, at which the central bank lends to commercial banks, according to a poll of 35 [...]
European Central Bank interest rates will rise.
The European Central Bank is certain to raise its key interest rates for the third time in six months when its meets in Madrid later this week, analysts have said, with ECB watchers merely speculating about the size of the expected move.
Read more »US Dollar extends rebound on Bernanke’s comments
The USD extended a recovery on Tuesday from one-year lows against the Euro after Federal Reserve Chairman Ben Bernanke’s pledge to stay vigilant against inflation left the door open for another interest rate rise later in June.
Read more »Choosing a Forex Broker (Part 1)
Choosing a good Forex broker is the first step in successfully trading the foreign currency market. Obviously with more and more online traders getting in the Forex market, the choice of online brokers has grown exponentially in the past few years and is now almost overwhelming.
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