FED raises Interest Rates for the second time in 2017

The Fed hiked interest rates for the second time this year, in a widely expected move that reflects the central bank's confidence in the US economy. At the conclusion of their two-day meeting on Wednesday, the Federal Reserve’s Open Market Committee raised their benchmark interest rate by 25 basis points to a range of 1% to [...]

ECB leave rates unchanged, deposit at -0.40%

The ECB decided to leave all rates unchanged; main refinancing rate at 0.0%, deposit facility rate at -0.40% and marginal lending facility at 0.25%. Asset purchase remain unchanged at €60bln per month as well. President Mario Draghi is holding press conference in Tallinn Estonia at the moment, you can watch it LIVE here  My suggestion is [...]

RBNZ; Interest Rate stays at 1.75%

The Reserve Bank of New Zeland today left the Official Cash Rate (OCR) unchanged at 1.75 percent, NZD tumbles . Global economic growth has increased and become more broad-based over recentmonths. However, major challenges remain with on-going surplus capacity and extensive political uncertainty. Stronger global demand has helped to raise commodity prices over the past [...]

Bank of Russia decided to reduce the key rate to 9.25%

On 28 April 2017, the Bank of Russia Board of Directors decided to reducethe key rate to 9.25% per annum (9.75% previous). The Board notes that inflation is moving towards the target, inflation expectations are still declining and economic activity is recovering. At the same time, inflation risks remain in place. Given the moderately tight monetary policy, the 4% inflation target will be achieved before the [...]