Swedish Krona Soars
The Riksbank recently raised interest rates to 4%, against expectations, sending the Swedish krona soaring higher.
The Swedish central bank explained that it has raised the interest rate by 25 basis points to combat rising inflation, adding that there were risks linked to slower economic activity and financial market turbulence.
The bank has kept its options open, [...]
FOMC – Softer tone, but tightening bias retained
The US Federal Open Market Committee unanimously decided to raise interest rates by another 25bp during last week monetary policy meeting, taking the fed funds rate to 5.25%. More interestingly, the statement language was a notch more dovish than expected. While the FOMC does not promise anything for the August meeting, the overall message is [...]
Read more »Polish Interest Rates on hold at 4.00%
As broadly expected, the Polish central bank’s (NBP) Monetary Policy Council (RPP) last week decided in favour of unchanged interest rates, keeping the key policy rate at 4.00%.
The decision to keep rates on hold should clearly be seem in the light of the fact that inflation remains very low – below 1%. That said, [...]
Slovak Interest Rate Unchanged at 4.00%
The Slovak central bank (NBS) board meeting ended without any changes leaving the key policy rate at 4.00%. This was broadly expected, especially given the 50bp hike at the May monetary policy meeting.
Today’s decision probably suggests an NBS that is biding its time and waiting for more macro-data on the economy, especially inflation, before [...]
Turkish Central Bank Raise Interest Rates to 17.25%
The Turkish central bank (TCMB) yesterday after its second emergency monetary policy meeting in just a month that it had decided to hike its key policy by another 225bp to 17.25% – more or less in line with expectations. Furthermore and equally important the TCMB announced that it plans to intervene in the FX market [...]
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 »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 [...]
