ECB Hikes by 25 bps, Hints Rates Have Peaked

[ad_1] ECB Hikes by 25-bps, Hints at Reaching Terminal Rate The ECB voted to raise all three interest rates, seeing the deposit facility up to 4%. The decision was taken after the committee’s assessment of the inflation outlook, incoming data and strength of monetary policy transmission necessitated a hike. Customize and filter live economic data

Australian Dollar Holds High Ground as US Dollar Slips. Will Rates Drive AUD/USD?

[ad_1] Australian Dollar, AUD/USD, BoJ, RBA, Fed, Treasury Yields, ACGB, JGB – Talking Points The Australian Dollar has found firmer footing going into Tuesday The BoJ pondered policy adjustments and the US Dollar sank in the aftermath RBA and Fed policy could impact back-end yields. Will they boost AUD/USD? Recommended by Daniel McCarthy Forex for

Asia FX dips on weak China data, Aussie slides as RBA holds rates By Investing.com

[ad_1] Investing.com– Most Asian currencies fell on Tuesday as Chinese service sector data pointed to more headwinds for the region’s largest economy, while the Australian dollar fell sharply after the Reserve Bank kept rates steady, as expected. The U.S. dollar steadied near three-month highs before a slew of Federal Reserve speakers this week. While the

RBA will be comfortable holding rates steady next week – Wells Fargo

[ad_1] Share: Next week, the Reserve Bank of Australia (RBA) will announce its monetary policy decision. Analysts at Wells Fargo point out that due to clear signs of economic slowdown and indications of easing price pressures, they believe RBA policymakers will be comfortable maintaining the policy rate at 4.10%. Key Quotes:  While RBA

ICYMI – China’s Industrial Bank cuts yuan deposit rates

[ad_1] Thursday evening news from China: China’s Industrial Bank says it’ll cut its yuan deposit rates by 10-25 basis points, effective from Friday, 1 September 2023. one-year deposit rate will be cut by 10 bps to 1.75% two-year deposit rate will be cut by 20 bps to 2.00% three- and five-year rates will be cut

Need to set interest rates sufficiently restrictive for as long as necessary

[ad_1] Share: European Central Bank President Christine Lagarde spoke at the Jackson Hole Symposium. In her speech, she mentioned that the fight against inflation “is not yet won.” She emphasized the importance of central banks providing a nominal anchor for the economy and ensuring price stability. Lagarde stated that this entails setting interest