What about the ECB Governing Council raising interest rates by 50bp at the timing of financial instability?
Today’s announcement of the results of the ECB Governing Council has attracted more attention than usual. Deep-rooted inflation is observed in Europe, and measures to curb inflation are urgently needed. The hawkish members’ calls for a 75 basis point hike were quelled by Lagarde’s message of a series of 50 basis point hikes. However, the […]
The US, UK, and European central bank events have passed, and the US employment statistics are announced today
This week is full of notable events. The monetary policy announcements of the US, UK, and European central banks have passed without incident. The US FOMC hiked interest rates by 25bp, while the UK MPC and ECB hiked by 50bp each, in line with market expectations. Despite the nervous price movements, there seems to be […]
There are also reports that the ECB is about to return to normal interest rate hikes after raising interest rates by 0.50%
ECB governors are beginning to consider raising interest rates at a slower pace than indicated by ECB President Lagarde in December. Bloomberg reported, citing people familiar with the matter. A 0.50 percentage point hike in February remains likely, but the prospect of a 0.25 percentage point hike at the next March meeting is gaining […]
Following the US FOMC, the Bank of England and the ECB announced monetary policy today
Following yesterday’s US FOMC, today the Bank of England and the ECB will announce their monetary policies. The FOMC raised interest rates by 50 basis points, as many expected. The pace eased after four consecutive 75 basis point hikes. However, this has already been factored into the market. The key terminal rate level was […]
Pay attention to the lectures of ECB officials today, ahead of next week’s ECB Governing Council meeting
The flow of the dollar market has stagnated this week. Observing the dollar index chart, the downward trend since November continues. However, this week has seen a lull in price fluctuations. Next week, the US FOMC, the UK Monetary Policy Committee (MPC), the ECB Governing Council and other major central bank policy-making meetings are lined […]
Today’s ECB Governing Council announcement, but the market is progressing from the perspective of the dollar exchange rate
The dollar is weakening this week. Markets are increasingly talking about the possibility that the pace of US interest rate hikes will slow down. This view is underpinned by a range of weak U.S. economic data. Sentiment indicators fell short of expectations, and the weekly U.S. mortgage application index fell for the fifth straight […]
Pay attention to the ECB Governing Council and Fed Chair Powell’s speech
Yesterday, the dollar/yen exchange rate fell to the 143 yen level after trading close to 145 yen. This week’s rapid appreciation of the dollar and depreciation of the yen were adjusted. Two major events are scheduled for today, the ECB Governing Council meeting and the speech by FRB Chairman Jerome Powell. Today’s event is getting […]
ECB Board focuses on rate hikes
The ECB board announcement after this will focus on the rate hike. In the money market in advance, the observations of a 0.25% rate hike and a 0.50% rate hike are at odds with each other. It is necessary to be prepared to react regardless of which one comes out. In addition, measures against fragmentation […]
The day before the ECB board meeting, the prospect of a 0.5% rate hike is half and half, and we are ready to move to either side.
The euro market was booming yesterday in the information about the ECB board. In some reports, ECB officials said the board would discuss the 0.5% rate hike more seriously than ever before. Since the consensus was a 0.25% rate hike in the market, there is a history of a sudden increase in euro buying. However, […]
The Fed chairman, ECB governor, and British central bank governor will meet together to see if the dollar’s appreciation will resume.
Today, FRB Chairman Christine Lagarde, ECB President Christine Lagarde, and European Central Bank President Bailey will participate in the ECB Forum debate. The market is likely to react sensitively to the strength of each monetary tightening stance and the degree of confidence in avoiding a recession. Observing the movement of the dollar index, basically an […]