Central banks news | Forex Robot Store | Buy MT4/MT5 EAs & Trading Bots

ECB Reduces PEPP Purchases, Upgrades Inflation forecasts

Admin — Thu, 16 Dec 2021 14:47:52 +0000

The ECB meeting came largely in line with expectations. While leaving the policy rates unchanged, the members confirmed that the PEPP program would end in March 2022. Meanwhile, they have extended the reinvestment process and topped up the APP program, as means to continuously provide liquidity to the market. The staff economic projections saw sharp […]

The post ECB Reduces PEPP Purchases, Upgrades Inflation forecasts first appeared on Forex Robot Store | Buy MT4/MT5 EAs & Trading Bots.

BOE Hikes Bank Rate, Surprising the Market Two Months in a Row

Admin — Thu, 16 Dec 2021 13:42:38 +0000

The BOE surprised the market in two consecutive months. After failing to deliver rate hike in November, the members surprisingly increased the Bank rate by +15 bps to 0.25% in December. Concerns over elevated trumped Omicron variant uncertainty. British pound rallied against US dollar and the euro. The members voted 8-1 to increase the Bank […]

The post BOE Hikes Bank Rate, Surprising the Market Two Months in a Row first appeared on Forex Robot Store | Buy MT4/MT5 EAs & Trading Bots.

Hawkish monetary policy. Fed Anticipates Rate Hikes Next Year

Admin — Wed, 15 Dec 2021 21:39:11 +0000

Hawkish monetary policy FOMC delivered a hawkish outlook at the December meeting. Besides doubling the size of tapering as we had anticipated, more than two-third of the members have projected at least 3 rate hikes next year. The latest economic projections suggest that inflation could rise to +5.3% this year before easing. Both headline and […]

The post Hawkish monetary policy. Fed Anticipates Rate Hikes Next Year first appeared on Forex Robot Store | Buy MT4/MT5 EAs & Trading Bots.

ECB Preview – Phase-Out of PEPP by March as Scheduled

Admin — Tue, 14 Dec 2021 12:12:17 +0000

The focus of this week’s ECB meeting is whether the PEPP would extend beyond March 2020 in light of the new Omicron variant and rapid increase the number of coronavirus cases across Europe since the November meeting. Recent comments from ECB officials signal that things would go as planned. The latest economic projections would also […]

The post ECB Preview – Phase-Out of PEPP by March as Scheduled first appeared on Forex Robot Store | Buy MT4/MT5 EAs & Trading Bots.

BOE Preview – Delaying Rate Hike to February 2022

Admin — Tue, 14 Dec 2021 10:32:59 +0000

We expect the BOE to stand pat at this week’s meeting. October’s GDP came in weaker than expected, and the renewed restrictive measures to curb spread of the new Omicron variant could affect household consumption and put a brake on the job market improvement. We expect policymakers to wait for more certainty about the development […]

The post BOE Preview – Delaying Rate Hike to February 2022 first appeared on Forex Robot Store | Buy MT4/MT5 EAs & Trading Bots.

FOMC Preview – Fed to Double Size of QE Tapering

Admin — Sun, 12 Dec 2021 22:55:11 +0000

The Fed this week will announce acceleration of QE tapering. With inflation approaching 7%, policymakers would likely revise its view on inflation outlook and “retire” the word “transitory”. The updated economic projections and median dot plots showing members’ interest rate projections would also be released. The Fed funds rate will stay a 0-0.25% until mid-2022. […]

The post FOMC Preview – Fed to Double Size of QE Tapering first appeared on Forex Robot Store | Buy MT4/MT5 EAs & Trading Bots.

BOC Preview – Reiterating Rate Hike in First Half 2022 amidst Strong Economic Data

Admin — Tue, 07 Dec 2021 13:09:03 +0000

Following a hawkish move in October, we expect the BOC to keep the powder dry this week. Policymakers should acknowledge the strong GDP growth and job market data, while cautioning over the uncertainty of the Omicron variant. They are also expected to reiterate the stance that the rate hike would come once the economic slack […]

The post BOC Preview – Reiterating Rate Hike in First Half 2022 amidst Strong Economic Data first appeared on Forex Robot Store | Buy MT4/MT5 EAs & Trading Bots.

RBA Stayed Put, Cautiously Optimistic Over Domestic Economy

Admin — Tue, 07 Dec 2021 11:20:15 +0000

The RBA left the cash rate unchanged at 0.1% and the asset purchase program at AUD 4B/week. Policymakers maintained a cautiously optimistic outlook over economic recovery despite Omicron uncertainty. Again, policymakers reiterated that the next meeting (February) would be the time to discuss the pace of QE purchases. The central bank remained cautiously optimistic over […]

The post RBA Stayed Put, Cautiously Optimistic Over Domestic Economy first appeared on Forex Robot Store | Buy MT4/MT5 EAs & Trading Bots.

RBA Preview – Keeping Powder Dry on Mixed Data and Omicron Uncertainty

Admin — Mon, 06 Dec 2021 15:05:53 +0000

The RBA is widely expected to leave the cash rate unchanged at 0.1%. Given the mixed economic data flow since the last meeting, the uncertainty of the Omicron variant and the scheduled discussion about asset purchases in February, policymakers would stand pat at the upcoming meeting. They would also reinstate that a rate hike next […]

The post RBA Preview – Keeping Powder Dry on Mixed Data and Omicron Uncertainty first appeared on Forex Robot Store | Buy MT4/MT5 EAs & Trading Bots.

Hawkish Powell Expects Fed to End QE Tapering a Few Months Earlier than Previously Anticipated

Admin — Tue, 30 Nov 2021 21:34:40 +0000

Despite concerns over the new coronavirus variant Omicron, Fed Chair Jay Powell’s testimony before the Senate was hawkish. He suggested that the Fed could accelerate the tapering of asset purchases in order to curb strong inflation. US dollar extended rally against major currencies, with the exception of Japanese yen and Swiss franc. The testimony is […]

The post Hawkish Powell Expects Fed to End QE Tapering a Few Months Earlier than Previously Anticipated first appeared on Forex Robot Store | Buy MT4/MT5 EAs & Trading Bots.

RBNZ Hiked Rate but More Cautious about Economic Outlook

Admin — Wed, 24 Nov 2021 09:56:00 +0000

The RBNZ raised the OCR by +25 bps to 0.75%, as we had anticipated. Policymakers sounded more cautiously about the economic outlook while reiterating the stance of continued reduction of stimulus. Kiwi extended recent correction after the announcement. On the monetary policy outlook, the central bank reiterated that “it remains appropriate to continue reducing monetary […]

The post RBNZ Hiked Rate but More Cautious about Economic Outlook first appeared on Forex Robot Store | Buy MT4/MT5 EAs & Trading Bots.

RBNZ To Lift Policy Rate Again after Strong Inflation

Admin — Mon, 22 Nov 2021 12:04:14 +0000

The RBNZ is ready to increase the policy rate again this week. The question is whether, in light of the latest strong inflation data, whether the hike is +25 bps or +50 bps. We continue to expect the former. Several banks have lifted the mortgage rates, while bond yields have risen after October’s rate hike. […]

The post RBNZ To Lift Policy Rate Again after Strong Inflation first appeared on Forex Robot Store | Buy MT4/MT5 EAs & Trading Bots.