Forex Signals

The past week in monetary policy saw interest rate decisions announced by 7 central banks.  The only bank to announce a change to its main monetary policy  interest rate was the Banco Central do Brasil, which cut its interest rate by another 50 basis points to 11.50%.  Meanwhile the other central banks held their key [...]

The Bangko Sentral ng Pilipinas kept its overnight borrowing rate unchanged at 4.50% and the overnight lending rate at 6.50%, and kept reserve requirements unchanged at 21%.  The Bank said: “The Monetary Board’s assessment of a manageable inflation environment and subdued economic conditions continues to support current monetary policy settings.  Latest average baseline forecasts show a lower [...]

The past week in monetary policy saw 12 central banks reviewing monetary policy settings, with 6 adjusting interest rates. Those that changed interest rates were: Albania -25bps to 5.00%, Uganda +400bps to 20.00%, Kenya +400bps to 11.00%, Vietnam +100bps to 15.00%, Serbia -50bps to 10.75%, and Rwanda +50bps to 6.50%. Those that held rates unchanged [...]

The past week in monetary policy saw 13 central banks review interest rate levels and monetary policy settings.  Those that changed rates were: Belarus +300bps to 30.00%, Kenya +75bps to 7.00%, and India +25bps to 8.25%.  Russia and Denmark also adjusted the bands of their deposit and lending rates, while holding their main rates steady. [...]

The past week in central banking saw interest rate announcements from 17 central banks around the world.  Just 4 of those central banks announced changes to interest rates: Armenia cut by -50bps to 8.00%, Tunisia cut by -50bps to 3.50%, and Serbia cut by -50bps to 11.25%, while Uganda increased by +200bps to 16.00%.  Meanwhile [...]

One of the advantages (or disadvantages depending on one’s point of view) of issuing a policy statement with a Central bank’s rate decision is that the Bank Chief can hint at what areas went into consideration and what they are likely to do going forward.
After rasing rates twice already this year, the ECB is unlikely [...]

The past week in monetary policy saw just 4 central banks review interest rate settings: Belarus increased +500bps to 27.00%, Brazil dropped -50bps to 12.00%, Israel held at 3.25% and Ghana held at 12.50%.  Aside from interest rates, the People’s Bank of China was reported as planning to increase the scope of its Required Reserve [...]

The past week in monetary policy saw 8 central banks reviewing interest rates and monetary policy settings.  Just one bank adjusted its main interest rate, with Thailand adding  +25bps to 3.50%.  Meanwhile the other central banks held interest rates unchanged: Turkey 5.75%, Hungary 6.00%, Namibia 6.00%, Egypt 8.25%, Sierra Leone 23.00%, Denmark 1.55%, and Mexico [...]

The key event in central banking, and certainly the mind of the markets, for this week will be Ben Bernanke’s “Jackson Hole speech” scheduled to take place Friday the 26th of August at 10am ET.  The regular event is where US Federal Reserve Chairman, Ben Bernanke, in 2010 introduced the idea of a second round of quantitative [...]

The past week in monetary policy saw just 5 central banks meeting to review monetary policy settings.  Those that changed interest rates were: Iceland +25bps to 4.50% and Georgia -25bps to 7.50%.  Meanwhile those that held interest rates unchanged were: Colombia 4.50%, Sri Lanka 7.00%, and Chile 5.25%.  Elsewhere the Monetary Authority of Singapore released [...]