Foreign Exchange Insights and Next Week
Next Week
September 15, 2017
Central Banks: Monetary policy meetings next week will be held at the Federa Reserve, Bank of Japan, and in Norway, Hungary, South Africa, The Philippines and Indonesia. The FOMC meeting will update macroeconomic forecasts and be followed by Janet Yellen’s press conference. BOJ Governor Kuroda and Bank of England Governor Carney also will be speaking […] More
Central Bank Watch
Bank of Russia Eases
September 15, 2017
The fourth central bank interest rate cut of 2017 was made today, but the new policy rate level, 8.5%, still constitutes a “moderately tight stance” according to a released statement. Inflation now is close to the 4% target and well below the policy interest rate level. Furthermore, expected inflation has declined. However, officials do not […] More
Central Bank Watch
A 25-Basis Point Interest Rate Cut in Peru
September 15, 2017
Authorities at the Central Reserve Bank of Peru implemented the third 25-basis point cut of 2017 following moves in May and July. A released statement justifies this third cut, even in the face of higher inflation in August than July, by projecting a decline in trend inflation over coming months and noting both lower expected […] More
New Overnight Developments Abroad - Daily Update
Sterling Extends Rally
September 15, 2017
Sterling rose another 1.4% against the dollar overnight, at one point reaching $1.3617, which is the strongest level since the first day following last year’s Brexit referendum on June 23rd. The Bank of England has signaled that its first interest rate hike in a decade is likely to occur within a few months. It’s been […] More
