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BoE to keep rates steady at 5.25% and stick to existing guidance Avoid rate cut signals as no press conference or new projections scheduled No rate cut surprises expected; UK economy is still resilient The Bank of England (BoE) will review its monetary policy during the last meeting of the year on Thursday after the […]

The post BoE Policy Decision: Keep It Neutral As It Can Go appeared first on Action Forex.

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30/01/2024

JP 225 Stock Index Eyes 161.8% Fibo After Pullback from 34-year High

Japan’s benchmark index attempts to regain positive footing 37,000 level is still in sight But bullish momentum may not be strong enough The Japan 225 stock market index (cash) edged up on Monday, heading towards the 161.8% Fibonacci extension of the June-October 2023 downtrend at 36,247. Overcoming this barrier is crucial to being able to […]
17/01/2024

Any Speculation on Time of BoE Rate Cuts Very Premature

Markets US yields yesterday started a catching up move after the rise in Germany on Monday. Contrary to last week, a poor NY Empire manufacturing survey this time was no pretext to push yields back lower. On the contrary, US yields were propelled higher by comments of Fed’s Waller as he provided a detailed analysis […]
15/08/2024

Reserve Bank of New Zealand Pivots to Rate Cuts

Summary The Reserve Bank of New Zealand (RBNZ) kicked off its rate cut cycle at this week’s meeting, lowering its policy interest rate by 25 bps to 5.25%. The decision was a mild surprise, with an overall majority of analysts (including ourselves) expecting the central bank would remain on hold. Several factors contributed to the […]