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…
The United States was among the best-performing economies globally in 2017, not only leading most of the G-8 countries in terms of economic growth last year, but it is also the frontrunner as analysts look forward to the country’s economy expanding at a faster rate in the year ahead.
The US dollar is edging higher versus its key counterparts in December, as central banks from the UK, US and eurozone meet separately to take stock of the performance of their respective economies and announce their monetary-policy verdicts for the last time this year.
The Bank of Canada (BoC) in its final monetary-policy committee (MPC) meeting for the year left benchmark interest rates on hold at 1.0 percent and the bank rate at 1.25 percent after raising them for the first time in seven years by 25 basis points in July and September respectively.
The Reserve Bank of Australia (RBA) left key interest rates on hold at the conclusion of its monetary-policy meeting on November 7, 2017. The cash rate, or the market interest rate on overnight funds, is considered to be the benchmark interest rate