British inflation data released on Tuesday, 19 December, also showed a considerable decrease in November inflation, registering its lowest rate in two years. As a result, investors and analysts are predicting a string of further interest rate cuts from the Bank of England (BoE) in H1 of 2024. Investor consensus calculates nearly a 50% chance…
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This announcement from BidX Markets follows shortly after a warning issued by the UK’s Financial Conduct Authority (FCA) against investment platforms engaging in "double dipping" – a practice where platforms retain a portion of interest on client cash balances while charging an additional fee for cash management. Simon Blackledge, the CEO of BidX Markets, said:…
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The primary cause for this shift is a recent overnight announcement from the Bank of Japan (BoJ). In this statement, the BoJ retracted its previous indication that it might abandon negative policy rates for the first time in many years, a stance it has now decided against. This change in position by the BoJ has…
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The RBA also noted that it would require more economic signals before considering any further adjustments to monetary policy. In their policy statement, the RBA pointed out that the October monthly CPI indicator indicated a continued inflation moderation. The AUD/USD pair is experiencing a decline, marking its second consecutive day of losses after retracing from…
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The Japanese inflation report indicated that the annualised CPI print had risen to 3.3%, a new 10-year high, compared to the previous month when annual inflation was recorded at 3.0%. However, the monthly inflation print was most exciting as it showed that inflation rose to 0.7% in October compared to September’s 0.3% print. The Bank…
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Analysts from Bank of America predict that the Bank of England will hike interest rates again in September due to the Monetary Policy Committee’s (MPC) June 2023 vote, which set new policy to meet the 2% inflation target by the end of 2023: a target which hopes to curb unemployment and economic decline. Don’t miss…
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According to currency analyst Luca Santos at ACY Securities, the CPI forecasts predict an inflation decline to 3.25% by the fourth quarter of 2024. A reduction would ensure the decreased inflation target for the further quarter of 2025 is met. Although the change is barely discernible, it implies that the RBA and other financial authorities…
Read moreMandatory electronic trading of Japanese Yen interest rate swaps takes effect...
Read moreThe new contracts, Eris Standard EUR Interest Rate futures and Eris Standard GBP Interest Rate futures, will trade and clear at ICE Futures Europe and ICE Clear Europe. They are based on the product design of Eris Exchange US dollar-denominated Eris Standard Swap future and Eris Flex Swap future contracts
Read moreIn a widely expected move, the Bank of Russia brought key interest rates to 12.5%, with the decision to come into force on May 5th.
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