The members began their discussion in the meeting that was held on the seventh of June regarding the inflation rates, which rose in April and May and is expected to rise in the coming period due to local and global factors before returning in the next world 2023 towards the bank’s target of 2-3%, as the global growth forecasts were...
View MoreWill Canadian inflation figures support a stronger CBE move in July Will Jerome Powell steal the show this week in his testimony before Congress Swiss Franc Continues Gains After Swiss Bank Shocks Markets Various economic data that we will follow during the week After the markets bid farewell to an intense week in terms of economic data, represented by the...
View MoreThe Bank of Japan decided at its meeting that ended this morning, Friday, June 17, to keep monetary policy unchanged, as members of the bank voted as expected to keep the current negative short-term interest rates at -0.10% in addition to maintaining the 10-year bond yield at 0 % . The bank is buying exchange-traded funds (ETFs) for 12 trillion...
View MoreThe 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...
View MoreLess 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...
View MoreThe 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...
View Morethe 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...
View MoreData 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...
View MoreToday, 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...
View MoreThe 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...
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