Currency Converter

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Sunday, July 30, 2023

Many Data to Absorb Plus Bank of Japan Finally Modifies Yield Curve Control Parameters

At this month’s scheduled Board meeting, Bank of Japan policymakers sent a mixed message, on the one hand stressing “the Bank needs to patiently continue with monetary easing under Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control” but also at last tweaking the rules surrounding its long-term interest rate target with the assertion […]

* This article was originally published here

Monday, July 17, 2023

National Bank of Serbia Hikes Interest Rate Further

Central bank watchers were surprised by a 25-basis point hike in the National Bank of Serbia’s policy interest rate to 6.5%. A pause in the cycle of rate increases had occurred in May, but with today’s sixth 25-basis point hike of 2023, the key rate becomes 6.5% versus a pandemic low of 1.0% that prevailed […]

* This article was originally published here

Wednesday, July 12, 2023

Pound Euro Exchange Rate News: GBP/EUR Rallied on Elevated BoE Rate Hike Bets

Pound (GBP) Supported by BoE Rate Hike Expectations The Pound (GBP) found renewed strength against its peers on Tuesday despite a lack of economic data. Last week’s shock inflation reading, with stronger-than-expected headline CPI and stubbornly-high core inflation, further tightening could be inevitable. The...

* This article was originally published here