BoE extends asset purchase program by further GDP 100 billion
Jun 18, 2020 15:24 pm UTC| Commentary Central Banks
The Bank of Englands Monetary Policy Committee agreed to extend its asset purchase program by a further GBP 100 billion, beyond the GBP 200 billion of purchases sanctioned back in March. The outcome was not unexpected...
Bank Indonesia cuts key policy rate by 25 bps to 4.25 pct, likely to cut again in Q3
Jun 18, 2020 13:52 pm UTC| Commentary Central Banks
As expected, Bank Indonesia lowered its key policy rate by 25 basis points to 4.25 percent against a backdrop of a recovering IDR and soft economic outlook. The rate cut made today marked the resumption of the central...
Norges Bank maintains key interest rate at zero, new rate path suggests first hike in Q4 2022
Jun 18, 2020 12:43 pm UTC| Commentary Central Banks
Norges Bank kept its key interest rate unchanged at zero during its meeting today. The central bank considerably revised up both their view of the economy and the rate path. The new path indicates a first hike in the...
Gold consolidates within narrow ranges as investors await BoE policy meeting outcome
Jun 18, 2020 07:56 am UTC| Commentary
Gold prices consolidated within narrow ranges as worries over new coronavirus cases delaying economic recovery weighed on market sentiment. Moreover, strengthening U.S. dollar and a pullback in global equities supported...
Jun 17, 2020 17:50 pm UTC| Commentary
U.S. housing starts rebounded in the month of May, rising 4.3 percent sequentially to 974k units. While this was slightly below the consensus expectations of 1.1 million units, it is the first time in four months that...
Canadian consumer price inflation falls further into negative territory in May
Jun 17, 2020 16:17 pm UTC| Commentary
Canadas consumer prices fell further into the negative territory in May. On a year-on-year basis, the consumer price inflation came in at -0.4 percent from Aprils -0.2 percent. On a month-on-month basis, consumer prices...
Swedish home prices rise in May, likely to continue to show stabilization
Jun 17, 2020 13:36 pm UTC| Commentary
Swedish home prices rose 2.2 percent sequentially in May, whereas it was up 4.5 percent on a year-on-year basis, according to HOX/Valueguard home price index. The rise in home prices is widespread, although house prices...