Bank of Canada maintains interest rate at 0.50 pct, upgrades GDP forecast for 2016
Jan 19, 2017 06:34 am UTC| Central Banks Commentary Economy
The Bank of Canada in its first monetary policy of 2016 maintained its benchmark interest rate at 0.50 percent, as widely expected. Also, the central bank upgraded its economic growth forecast for 2016, 2017 and...
Federal Reserve carefully monitoring blockchain and fintech innovations, says Janet Yellen
Jan 19, 2017 06:01 am UTC| Fintech Central Banks
Federal Reserve chief Janet Yellen recently revealed that the central bank is closely looking at the latest developments in the blockchain and fintech space. Speaking at the Commonwealth Club, San Francisco, California...
FxWirePro: The Day Ahead- 19th January 2017
Jan 19, 2017 04:22 am UTC| Commentary Economy Central Banks
Lots of economic data and events scheduled for today and some with high volatility risks associated. Data released so far: Australia: Consumer inflation expectations rose to 4.3 percent in January. Unemployment...
FxWirePro: Dual surpluses to cushion Swiss franc in H1’2017
Jan 18, 2017 12:53 pm UTC| Central Banks Insights & Views
CHF strength cushioned by fundamental support: The recycling of persistent Swiss current account surpluses overseas grew erratic after 2008, and the Swiss financial ex-reserves account has tended to be in surplus since,...
FOMC members seem optimistic over 3 interest rates hike in 2017
Jan 18, 2017 12:15 pm UTC| Economy Commentary Central Banks
The United StatesFederal Reservespeakers weeks have delivered a hawkish tone overall, with three voting members this year (Harker, Evans and Brainard ) suggesting that three quarter-point hikes in rates over the course of...
Bank of Canada monetary policy preview
Jan 18, 2017 11:02 am UTC| Commentary Central Banks
Today Bank of Canada (BoC) is to provide further guidance in policy meet. The result of the monetary policy meeting is scheduled to be announced at 15:00 GMT. The press conference will follow at 16:15 GMT. Current...
Jan 18, 2017 07:36 am UTC| Research & Analysis Insights & Views Central Banks
The macroeconomic data may have improved and headline inflation is on the rise, but these necessary but not sufficient conditions for a more hawkish bias shift at the Bank of Canada will instead probably encounter a...
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