Share: Bank of Canada Governor Tiff Macklem said on Friday that they were concerned because they were not really seeing a downward momentum in inflation, per Reuters. Key quotes “Bank of Canada is not expecting a recession in Canada.” “When bank releases economic projections on October 25, we’re not going to be forecasting
Share: The Reserve Bank of Australia (RBA) Assistant Governor (Financial Markets), Christopher Kent, did not sound keen on further rate hikes and said that monetary policy is slowing the growth of demand, and inflation. Additional Quotes via Reuters: Policy lags mean some further effects of past rate hikes are still to be felt
Share: European Central Bank (ECB) Vice President Luis de Guindos said on Monday that the macroeconomic environment is subject to “enormous uncertainty,” especially after the latest Israel-Gaza conflict, per Reuters. De Guindos said that he was expecting inflation to continue to decline in coming months but urged for caution, citing “evolution of oil prices,
Share: The Reserve Bank of New Zealand is expected to keep the Official Cash Rate unchanged at 5.5% in October. The RBNZ, with little room for surprises, may offer little help to the weak NZD/USD currency pair. The New Zealand Dollar shows a bearish tilt against the US Dollar after being rejected from
Share: While speaking before the European Parliament’s Committee on Economic and Monetary Affairs on Monday, European Central Bank (ECB) President Christine Lagarde said that a recession was not a part of the baseline scenario. Lagarde added that the ECB was not talking about rate cuts and noted that the European labor market was finally
Share: Further interest rate increases will likely be appropriate, with inflation still being too high, Federal Reserve Governor Michelle Bowman said on Friday, per Reuters. Key quotes “Fed policy will need to be held at a restrictive level for some time to return inflation to 2% ‘in a timely way.” “Continued risk of a
Share: Federal Reserve Bank of San Francisco President Mary C. Daly said on Friday that the Fed kept interest rates unchanged this week in recognition that “we are closer to our destination”. She added that inflation is coming down, and the labor market is gradually adjusting. Regarding interest rates, Daly mentioned that they
Share: On Wednesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1732, compared with the previous day’s fix of 7.1733 and 7.2926 estimated. لینک منبع : هوشمند نیوز
Share: 41 of 70 economists polled by Reuters said that they expect the European Central Bank (ECB) to wait until at least the third quarter of 2024 before lowering rates. All 70 economists said they expect the ECB’s key deposit facility rate to remain unchanged at 4% through to year-end. Market reaction The
Share: Central banks are in the spotlight. Economists at Commerzbank analyze how their fight against inflation could impact the exchange rates. End of rate hikes does not mean victory over inflation – yet The market has accepted that the rate hike cycle will come to an end for now, despite the fact that
