The Bank of England decided to vote to raise interest rates by a quarter point in its meeting moments ago, to reach 1.25%, as are expectations for the fifth consecutive meeting, in the largest increase since January 2009. The interest report issued by the bank stated that the members of the bank voted by a majority of 6-3 to raise...
Less than three hours, the Bank of England will announce monetary policy developments and interest rates, as expectations indicate that the bank will raise interest rates by 25 basis points to reach 1.25%. The bank is heading to increase interest rates for the fifth time in a row after the bank raised interest rates at every meeting this year to...
The Swiss National Bank surprisingly raised interest rates at its meeting moments ago from -0.75% to -0.25%. The bank's interest statement stated that there were inflationary pressures that forced the bank to take the step of raising interest rates, stressing that more interest increases would be necessary in the future to achieve price stability. Switzerland's inflation rate reached 2.9% in...
the US Federal Reserve decided, moments before, to raise interest rates by 75 basis points, to rise to 1.75%. \ The Fed statement stated that economic activity has rebounded after its decline in the first quarter, but inflation remains high in conjunction with high energy prices and price pressures, and the committee seeks to achieve maximum employment and inflation in...
Data released moments before by the US Census Bureau showed a decline in US retail sales, worse than market expectations, as sales fell by -0.3% in May, compared to a growth of about 0.9% in April's reading, while expectations indicated a growth of about 0.1%. Core sales, excluding car prices, recorded a growth of 0.5% in May, compared to a...
Today, Wednesday, June 15th, markets and traders focus on the meeting of the largest central bank in the world, the US Federal Reserve, which will discuss monetary policy developments and interest levels, as expectations indicate that interest levels may reach 1.50%-1.75%. The importance of today's meeting for the markets comes after the recent inflation data, which showed the return of...
The ZEW index, which measures business confidence in Germany, rose by about 6.3 in the June survey to -28.0, below expectations that indicated a rise to 26.9 - where the index's improvement in June was supported by an improvement in the assessment of the current economic situation by about 8.9 points. On the other hand, the index related to the...
The three main US stock indices recorded sharp declines when they closed the opening session of the week yesterday, Monday 13th of June, as the Dow Jones Industrial Average lost more than a thousand points before retreating and closing at a loss of 881 points, as the American markets were affected by the high expectations that the US Federal Reserve...
Cryptocurrencies are recording strong declines in the middle of trading today, Monday, June 13, coinciding with the decline in risk appetite in the markets, as the Bitcoin currency leads these declines, trading at its lowest level in a year and a half at levels of 24,000 thousand dollars, a decline of about 12.54% and a decline in the market value...
The US Federal Reserve dominates the week's events Inflation supports the gains of the US dollar Will the Swiss National Bank begin to tighten monetary policy miscellaneous economic data US CPI inflation figures concluded last week's events Friday after the US Bureau of Labor Statistics announced that inflation rose to 8.6% in May. Annual inflation in the USA rose to...