Monetary Policy Archive
Financial Analyst FxPro Alexander Kuptsikevich: On Thursday, the board of directors of Bank of Russia decided to lower the refinancing rate by half a percentage point to 9,5%. As stated in the declaration, such a decision in the first place …
Today, one of six bank Moors BNP Paribas said that in 2009 the pound sterling could fall to parity with the euro. Today, steam EUR / GBP is trading at around 0.9070, up from 0.84 in mid-June. The jump came …
Having traded strongly against the dollar in the early session, the euro surrendered gains in the afternoon session, pulling the price down sharply to close a $1.4873. - Initially, the greenback hit a fresh 14-month low versus the euro after …
According to currency analysts Morgan Stanley, by the end of the Swiss franc could strengthen to a mark of 1.50 against the euro (compared to before. Forecast 1.54), as well as economic recovery and higher inflation leads central bank to …
Having given up ground to the UK currency in early trading, the kiwi rallied steadily through the afternoon, to close marginally up at 2.1833. - The pound found support yesterday after the BoE’s policy minutes revealed no direct discussion over …
Dollar selling in the market was stepped up with investors moving into the pound as the MPC minutes proved more positive than expected. - The pound climbed over 1.66, posting a two and half cent gain against the dollar as …
Wednesday, 21 October, the Bank of England published the minutes of the meeting held on October 7-8, at which the Committee on monetary policy has kept the rate of compulsory reserves of commercial banks at 0.50%. The decision was taken …
Bank of Canada today adopted a decision to leave the refinancing rate unchanged at 0.25%.The latest indicators show the beginning of the withdrawal of the world economy from deep recession. State of the world economy and the general trends in …
The single currency resumed its climb against the dollar in trading yesterday, supported by rising confidence in the global recovery, closing the day up 0.4%.- The euro hovered just below the psychologically important 1.50 level as the US dollar remained …
What does the financial crisis in the context of monetary policy? The answer may seem obvious. Central banks have responded to the stalling of interbank markets with massive injections of liquidity. When they ran out of room to maneuver with …
Sterling strengthened as much as 2.2% to a ten-day high of 1.0936 against the euro yesterday, its biggest intra-day gain since Jan 30th.- Sterling was able to post strong gains following bullish comments from a Bank of England policymaker who …
With the advent of a more precise plan of the Conservative Party of Great Britain and slightly more predictable state of the economy of this country, it becomes possible to make assumptions about the future situation. Our latest economic forecast, …
The single currency recovered some of the losses it incurred on Friday, gaining over half a cent against the greenback as risk appetite in the market strengthened.- Rallying equities yesterday, which have been boosted by stronger commodity prices and optimism …
The pound maintained its downward trend yesterday, losing a further 0.6% as a British report cast doubts over UK recovery prospects. - The outlook for global monetary policy shaped action on the foreign exchange markets on Monday, with sterling the …
The pound edged down against the kiwi as rising risk appetite in the market offset the BoE’s decision to hold their monetary policy unchanged. - Investors continued to buy into the higher-yielding New Zealand dollar, encouraged by rallying global equity …