During its meeting on March 19-20, which saw the benchmark interest rate trimmed by 50 basis points to 10.75%, the central bank highlighted the crucial role of updated data in determining the final interest rate and its trajectory. The minutes revealed, "Particular emphasis was placed on the importance of fresh data in guiding the final…
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With inflation consistently surpassing the BOJ's target of 2% for over a year, investors widely expect the central bank to elevate short-term interest rates from below zero in the upcoming week or by April. The sources noted that the transition away from negative rates is expected to coincide with the termination of the YCC policy,…
Read moreAfter a rate-setting meeting today, the Bank of Russia Board of Directors has decided to keep the key interest rate unchanged at 11.0% per annum, referring once again to substantial inflation risks. In its announcement, the Russian “Megaregulator” said the balance between inflation risks and the risks of economy cooling has broadly remained the same…
Read moreThe Bank of Russia explained the decision with “higher inflation risks amid persistent risks of considerable economy cooling”.
Read moreThe Central Bank of Russia has decided to reduce key interest rates from 11.50% to 11% per annum, with the new rates coming into effect on August 3, 2015.
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.
Read moreMonex Group, Inc. (TYO:8698), the Japan-based group of Forex brokers, this morning published its 16th Global Retail Investor Survey. The survey, conducted in late February and early March 2015, covered the opinions of retail investors in Japan, China (Hong Kong) and the United States on global Forex and stock markets for the following three months.…
Read moreBank of Russia, the country's financial megaregulator, has just announced the key interest rate will be reduced to 14% from March 16, 2015. The move represents a cut from the level of 15%, which was introduced on February 2, 2015. That, in itself, represented a cut from the level of 17%, introduced on December 16,…
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