Bank of England announces policy

Source: Dukascopy Bank SA


The Bank of England has hiked its Official Bank Rate by 0.50%. The official rate has been increased from 3.00% up to 3.50%. The increase was expected and priced in.

Meanwhile, the way how the central bank policymakers voted has caused a decline of the Pound. Namely, the committee was expected to vote unanimously for the hike, but two members voted for keeping the rate unchanged.

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Thu, 15 Dec 2022 13:24:42 GMT

European Central Bank hikes rate

The European Central Bank has just now hiked its Main Refinancing Rate and has published its Monetary Policy Statement. The base interest rate has been hiked from 2.00% up to 2.50%. Afterwards, at 13:45 GMT, the President of the bank Christine Lagarde revealed that the central bank expects inflation to remain persistent and rates should remain higher. Due to the

Thu, 15 Dec 2022 09:13:12 GMT

Swiss National Bank hikes interest rate

The Swiss National Bank has hiked the CHF base interest rate from 0.50% up to 1.00%. The event has caused a decline of the Swiss Franc's value. The USD/CHF surged 45 base points or 0.48% on the event and remains near the 0.9300 mark.

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