The European Central Bank (ECB) responded to macroeconomic pressures and the eurozone economy’s weak outlook by cutting benchmark interest rates by 10 basis points. Concluding the monetary-policy meeting in Frankfurt last month, the governing council announced a reduction in interest rates on the deposit facility
The seasonally adjusted unemployment rate in Japan edged lower to 2.3 percent in June from 2.4 percent a month earlier, ending slightly below market estimates of 2.4 percent. June’s unemployment rate was the lowest in the four-month period, with 60,000 unemployed personnel finding jobs, while the number of employed expanded by 70,000 to 67.01 million.
Taiwan’s forex (foreign exchange) reserves reached record levels at the end of July, largely due to the exceptionally high returns on the Central Bank of the Republic of China (Taiwan)’s investment portfolio, as confirmed by the bank on Monday.
The Federal Open Market Committee (FOMC) of the US Federal Reserve System (the Fed) will be heading into its fifth monetary-policy meeting for the year on July 30, with markets keenly eyeing the outcome, in spite of the majority of market indicators already pricing in a rate cut.
The Reserve Bank of Australia (RBA), in its monetary-policy statement published on May 10, indicated that the Australian economy is witnessing subdued growth in household income and that the adjustment in the housing market is taking a toll on consumer spending.
The Reserve Bank of Australia (RBA) left benchmark interest rates, or the cash rate, unchanged at 1.5 percent following its monetary-policy meeting on February 5.
The Governing Council of the European Central Bank (ECB) left key interest rates unchanged, in line with market expectations, following its September monetary-policy meeting. Interest rates on main refinancing operations currently stand at 0.00 percent
Aligning with market expectations, the Bank of Canada (BoC) left its benchmark interest rate unchanged at 1.25 percent and the deposit rate at 1.0 percent, following the conclusion of its monetary-policy meeting on May 30.
The Board of Governors of the Federal Reserve System (the Fed) voted unanimously to leave its benchmark interest rate, or the federal funds rate, on hold at 1.5-1.75 percent, following its monetary-policy meeting on May 2, 2018.
By: Adrian Moore – Forex Focus Highlights of the monetary-policy statement and market outlook on interest rates The board of…