Submitted Dec 10, 2024|From econoday.com

The European Central Bank (ECB) is anticipated to cut its key deposit rate by 0.25 percentage points at Thursday’s announcement, bringing the rate to 3.00 percent. This aligns with the ECB’s broader strategy to achieve its 2 percent inflation target ...

Submitted Dec 9, 2024|From econoday.com

The economic picture facing the SNB as it prepares for December’s Monetary Policy Assessment (MPA) is little changed from that at the time of the September report. Indeed, inflation has fallen even further and is threatening to slide back below ...

Submitted Sep 23, 2024|From econoday.com

Should the central bank see fit to ease at what would be a third successive Monetary Policy Assessment (MPA), there would seem to be few hurdles in the path of another cut in the SNB’s policy rate this week. Inflation remains low, the Swiss franc ...

Submitted Sep 17, 2024|From econoday.com

Fed policymakers will always say that no decision is made until they actually meet and consider all the most recent information available. However, they have strongly signaled that they are leaning toward cutting rates at the September 17-18 FOMC ...

Submitted Sep 13, 2024|From econoday.com

Investors are split on this month’s BoE MPC announcement but the majority call is for no change. The August reduction in Bank Rate to 5.0 percent only got through by the tightest of margins (5-4) with Chief Economist Huw Pill voting against the move ...

Submitted Sep 9, 2024|From econoday.com

Following July’s pause, the ECB is widely seen resuming its easing path this week. Falling inflation, a strengthening euro and an expected Federal Reserve rate cut next week provide all the scope needed while a still very sluggish economy offers ...

Submitted Jul 29, 2024|From econoday.com

Forecasters are very unsure about which way this month’s BoE MPC announcement will go but, on balance, seem to expect what would be the first cut in Bank Rate since March 2020. However, if so, it is likely to be a very close vote. June saw a ...

Submitted Jun 3, 2024|From econoday.com

Investors and financial markets will be very surprised – and not at all happy – should Thursday’s ECB announcement not include the first cut in key interest rates since September 2019. With even the more hawkish Governing Council (GC) members having ...

Submitted May 6, 2024|From econoday.com|1 comment

Recent comments from a number of MPC members have hinted that a cut in Bank Rate might not be too far away and possibly rather sooner than financial markets currently expect. However, apart from the leading dove, Swati Dhingra, most policymakers ...

Submitted Jan 29, 2024|From econoday.com|1 comment

While the BoE is widely seen lowering interest rates over coming months, there is a clear consensus expecting Thursday’s policy announcement to leave Bank Rate at 5.25 percent, the level to which it was raised back in August 2023. Despite its ...

Submitted Dec 11, 2023|From econoday.com

In line with the October meeting, investors are confident that this Thursday’s ECB announcement will leave key interest rates on hold. Indeed, further warning signs of an impending Eurozone recession together with a surprisingly steep fall in ...

Submitted Oct 30, 2023|From econoday.com

Despite there being a clear MPC split on interest rates in September, further signs that inflation has probably peaked and, more generally, dismal real economy news have left forecasters seemingly fairly confident that the BoE will leave Bank Rate ...

Submitted Oct 23, 2023|From econoday.com

Investors were split over the likelihood of further tightening ahead of the ECB’s September meeting but there is a much broader consensus in favour of no change going into this Thursday’s announcement. Last month’s decision was clearly far from ...

Submitted Jun 20, 2023|From econoday.com

Having previously delivered a 50 basis point hike at the March Monetary Policy Assessment (MPA), the SNB is widely expected to raise its policy rate again on Thursday. The last change lifted the benchmark rate to 1.50 percent, its fourth successive ...

Submitted Jun 12, 2023|From econoday.com

Almost without exception, official comments since the May policy meeting have indicated that Governing Council (GC) members think key interest rates need to be higher if inflation is to be brought back under control. This clear bias has left ...

Submitted Nov 1, 2022|From econoday.com

At one point it seemed that the economic and political chaos prompted by the Truss government’s mini-budget in September would completely upend the BoE’s plans for monetary policy. However, the subsequent succession of fiscal policy U-turns and, ...

Submitted Oct 25, 2022|From econoday.com|3 comments

Financial markets are convinced that Thursday’s ECB announcement will include another sizeable increase in key interest rates. In line with the last move in September, the only uncertainty is about the magnitude. The consensus is for another ...

Submitted Sep 20, 2022|From econoday.com

Financial markets have become very used to the BoE MPC raising Bank Rate. It has done so at every policy-setting meeting since it began the current tightening cycle last December and expectations are that Thursday’s announcement will make it seven ...

Submitted Sep 19, 2022|From econoday.com

The SNB’s unexpectedly large 50 basis point hike in its benchmark rate to minus 0.25 percent in June was widely seen as indicative of a major shift in policy and proof of the central bank’s desire to get interest rates back into positive territory. ...

Submitted Sep 6, 2022|From econoday.com

Having been surprised by the magnitude of the interest rate hike in July, the majority of investors now believe that the ECB is set on front-end loading its tightening policy as it tries to bring inflation back under control. Forward guidance went ...