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Tag: Benchmark Rate

Fed sends yen sharply lower

The Japanese yen is in positive territory, paring some of the sharp losses from Thursday. In the European session, USD/JPY is trading at...

Pound shrugs as UK inflation dips

There was good news on the UK inflation front, as the November data pointed to a drop in inflation. CPI fell to 10.7%...

Indian Finance Minister Step-up to Low Inflation & Boost Economy

12 seconds ago | 2 mins read Bitcoin News Nirmala Sitharaman says Growth, health,...

USD/CAD eyes Macklem, FOMC

The Canadian dollar has edged lower on Wednesday. In the North American session, USD/CAD is trading at 1.3428, up 0.42%. Is Canada heading towards...

EUR/USD eyes ECB rate decision

EUR/USD is in a holding pattern ahead of today’s ECB rate meeting. In the European session, the euro is trading at 1.0068, down 0.16%. ECB projected to hike by 0.75% The ECB holds its policy meeting later today, amidst difficult economic conditions in the eurozone. Inflation jumped to 9.9% in September, up sharply from 9.1%. […]

Bank of England Hikes Bank Rate to 0.5%, Governor Andrew Bailey Hints at Wage Restraints

Bank of England Hikes Bank Rate to 0.25%, Governor Andrew Bailey Hints at Wage RestraintsThe Bank of England (BOE) raised the country’s benchmark bank rate from 0.25% to 0.5% this week in order to curb rampant inflation. “We face a trade-off between strong inflation and weakening growth,” the British central bank’s governor Andrew Bailey told the press. Furthermore, when asked by a BBC reporter if BOE members were urging […]

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