Norges Bank stands pat in December, indicates first hike by end-2018

Dec 14, 2017 20:26 pm UTC| Commentary Central Banks

The Norges Bank kept its key interest rate on hold at 0.5 percent today, as was expected. But the central bank lifted the interest rate path and the first hike is moved forward to end-2018, noted Nordea Bank in a research...

Turkish central bank hikes rates by 50 bps, likely to tighten policy again in 2018

Dec 14, 2017 19:57 pm UTC| Commentary Central Banks

The Turkish central bank, CBRT, hiked its interest rate by 50 basis points today, following the sharp depreciation of the Turkish lira in the autumn and consequently rising inflation. The hike made today in late liquidity...

ECB keeps interest rate unchanged, revises up GDP and inflation forecast

Dec 14, 2017 18:51 pm UTC| Commentary Central Banks

The European Central Bank today kept its key interest rate on hold as expected. Therefore, the deposit rate continues to be at -0.4 percent, the refinancing rate at 0 percent and the marginal lending rate at 0.25 percent....

Bank of England keeps interest rates on hold

Dec 14, 2017 15:01 pm UTC| Commentary Central Banks

The Bank of England kept the interest rates unchanged as expected today. Furthermore, the voting records indicate that all the members supported the decision with the collective judgment being that it was too soon the...

FxWirePro: Brexit bonkers fade away, BoE stays pat, hedge tailwinds in FTSE and EUR/GBP in 2018

Dec 14, 2017 12:58 pm UTC| Research & Analysis Insights & Views Central Banks

The monetary policy committee voted to leave interest rates on hold at 0.5% in a unanimous decision. The BoE also maintained its current quantitative easing stimulus program, which has bought 435 billion of government...

FxWirePro: What to expect from ECB ahead?

Dec 14, 2017 12:05 pm UTC| Commentary Central Banks

Today European Central Bank (ECB) is to provide further guidance in policy meet. Result to be announced at 12:45 GMT, followed by a press conference at 13:30 GMT. The meeting is to be held in Frankfurt, Germany. Current...

FxWirePro: Hedge correlation between EUR/USD and NDX, upside risk looming in US tech sector

Dec 14, 2017 11:58 am UTC| Research & Analysis Central Banks

We have woken up this morning unsurprised by the Fed decision and the market response; indeed, the policymakers median forecast is now fully aligned with our call that there would be three further hikes in 2018, followed...