* This article was originally published here
Thursday, January 21, 2021
Bank of Canada Policy Review
The Bank of Canada‘s overnight target rate was left at 0.25%. This effective lower boundary has been the rate level since a trio of 50-basis point cuts in March 2020. The rate will not be lifted before economic slack — estimated to be between 2.75% and 3.75% of GDP according to a released policy statement […]
* This article was originally published here
* This article was originally published here
Pound South African Rand Exchange Rate Gains Ground on SA Retail Sales Contraction
Pound South African Rand Exchange Rate Rallies as SA Retail Sales Tumble
As South African retail sales contracted further than forecast in November this helped to boost the Pound Sterling to South African Rand (GBP/ZAR) exchange rate.
A -4% drop in sales on the year suggests that confidence among consumers remained...
* This article was originally published here
* This article was originally published here
European Central Bank Maintains Loose Monetary Stance
Having augmented the ECB’s Pandemic Emergency program (PEPP) of asset purchases by half a trillion euros and extending this “very accommodative” quantitative stimulus from mid-2021 to March of 2022 at its final policy review of 2020, the European Central Bank governing council left all quantitative and interest rate settings unchanged at its first meeting of […]
* This article was originally published here
* This article was originally published here
Wednesday, January 20, 2021
Pound Euro Exchange Rate Rallies as UK Inflation Rate Betters Forecast
Pound Euro Exchange Rate Strengthens as UK Inflation Rises
The Pound to Euro (GBP/EUR) exchange rate picked up sharply as the headline UK inflation rate bettered forecasts for December.
As the inflation rate strengthened from 0.3% to 0.6% on the year this encouraged investors to buy back into the Pound, betting that...
* This article was originally published here
* This article was originally published here
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