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The Bank of England (BoE) raised the benchmark interest rate for the first time in more than 10 years. Out of 9 members of the central bank’s Monetary Policy Committee (MPC) voted 7-2 to increase its benchmark Bank Rate from 0.25% to 0.50%. The market was ready to such action of the regulator, so the decision of the BoE didn’t come as surprise.
At the same time, traders considered the following comments dovish. According to the regulator, further increases over the next three years will be only “very gradual” and to a limited “extent”.
The BoE Governor Mark Carney said that the biggest factor driving moves in interest rates from now will likely be the outcome of Brexit talks.
GBP/USD fell from the levels around 1.3300 to the 1.3100 area.
French quarterly surge is expected to strengthen in the first half of 2019 because consumer spending derives benefits from improving household incomes as well as reviving business confidence after protests at the end of 2018…
In January, new orders for American goods shot up less than anticipated, tamed by dives in orders for computers as well as electronic products, which is another sign of decelerating manufacturing activity…
The Federal open market committee (FOMC) will make its monetary policy statement and announce the interest rate on March 20, 20:00 MT time.
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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