Submitted Aug 2, 2022|From econoday.com

Pressure on the BoE MPC to step up the pace of its monetary tightening has been building quite steadily since its last meeting in June. Five successive 25 basis point hikes have lifted Bank Rate to 1.25 percent but actual inflation continues to ...

Submitted Jul 18, 2022|From econoday.com

The long-awaited first interest rate hike of the ECB’s new policy cycle should be delivered on Thursday. The June statement indicated that the central bank was planning to lift official rates by 25 basis points at its July meeting and to follow that ...

Submitted Jun 14, 2022|From econoday.com

Another BoE MPC announcement, another hike in interest rates. Having already raised Bank Rate at each of the last four meetings, financial markets seem convinced that Thursday’s statement will make it five out of five, making it the steepest ...

Submitted Jun 13, 2022|From econoday.com

Testing how far the SNB is prepared to let the Swiss franc appreciate has been a familiar characteristic of the FX market ever since the central bank abandoned its CHF1.20 target floor against the euro back in January 2015. The monetary authority’s ...

Submitted Jun 7, 2022|From econoday.com

At long last, it looks as if the ECB’s hawks are about to get their way. Thursday’s policy announcement is widely expected to pave the way for the first hike in the central bank’s key interest rates since July 2011. However, while a move as soon as ...

Submitted May 3, 2022|From econoday.com

Despite some surprisingly dovish rhetoric from the BoE in March financial markets expect May’s MPC meeting to deliver a fourth successive increase in Bank Rate. If correct, the consensus call for a 25 basis point hike would see the benchmark rate ...

Submitted Apr 12, 2022|From econoday.com

The surprisingly hawkish (but hardly aggressive) recalibration of policy announced at the ECB’s March meeting was supposed to reassure investors that the central bank was fully aware that inflation was too high and that it was willing to act. ...

Submitted Mar 22, 2022|From econoday.com

The crisis in Ukraine has reinforced the Swiss franc’s status as the leading safe haven currency in Europe and left the SNB facing an even harder task as it tries to stabilise its currency. The CHF has been a principal beneficiary of capital inflows ...

Submitted Mar 15, 2022|From econoday.com

Having already just seen policy tightened at back-to-back meetings for the first time since 2004 and despite the crisis in Ukraine, investors seem fairly certain that Thursday’s BoE MPC announcement will deliver a third successive hike in interest ...

Submitted Mar 14, 2022|From econoday.com

The FOMC has an unenviable task of trying to guide monetary policy through a period of turbulence. The March 15-16 meeting will be pivotal to communicating its present actions and setting the tone for the future. In some respect the leanings of ...

Submitted Mar 8, 2022|From econoday.com|1 comment

Ever since February’s meeting, this month’s ECB announcement has been widely expected to be a watershed moment for monetary policy. Although there is no chance of any move on key interest rates just yet, updated economic forecasts are likely to show ...

Submitted Mar 2, 2022|From econoday.com

The February Employment Situation will be released at 8:30 ET on Friday, March 4. This report will be compiled from data collected for payroll periods that include February 12. With the holiday shopping season well over and only one Federal holiday ...

Submitted Feb 22, 2022|From econoday.com

It may be a little tough to parse out the state of consumer spending in the first quarter of 2022. It will definitely be hard to assess spending based on a single month’s data. There are a number of things to keep in mind that are going to make the ...

Submitted Feb 14, 2022|From econoday.com

Let’s update how things stand for the nominees for the Federal Reserve Board of Governors to the open terms and for the nominees for chair, vice chair, and vice chair for supervision. The Senate Banking Committee is scheduled to decide on February ...

Submitted Feb 1, 2022|From econoday.com

Having already laid out its 2022 policy plans at the December meeting, Thursday’s ECB announcement is unlikely to contain any real surprises. Key interest rates will remain on hold (refi rate 0.00 percent, deposit rate minus 0.50 percent) and ...

Submitted Jan 31, 2022|From econoday.com

For a second month in a row, the BoE MPC surprised financial markets with its policy decision in December. Having failed to deliver the widely anticipated tightening in November when an updated Monetary Policy Report (MPR) was hot off the press, the ...

Submitted Jan 19, 2022|From econoday.com

Could 2022 start off with an abrupt end to asset purchases? The Fed began to taper its purchases back in November, down from $120 billion per month (a pace set early in the pandemic) to $105 billion in November and $90 billion in December. These $15 ...

Submitted Jan 14, 2022|From econoday.com

The nomination hearings for Jerome Powell for a second term as Fed chair and Governor Lael Brainard to a four-year term as vice chair are out of the way. It will take a couple of weeks for written responses to questions posed by Senate Banking ...

Submitted Jan 6, 2022|From econoday.com

Some things to keep in mind for the December employment report, to be released Friday, January 7 at 8:30 ET. Econoday’s consensus is calling for a robust 400,000 gain in nonfarm payrolls which would nearly double November’s 210,000 rise. First: The ...

Submitted Dec 28, 2021|From econoday.com

The final FOMC meeting of 2021 is in the rear view mirror. It is clear that the Federal Reserve intends to swiftly wind down its asset purchases – likely by the end of first-quarter 2022 – and is preparing to lift short-term rates off the effective ...