Federal Reserve keeps rate unchanged

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Source: Dukascopy Bank SA


The United States Federal Reserve has just revealed that it will keep the Federal Funds Rate unchanged at 5.50%. The news caused a 0.15% drop of the US Dollar index from 107.00 down to 106.82.

The event was followed by the press conference of the Chairman of the Federal Reserve Jerome Powell. His initial talk caused a boost of the USD. However the afterwards question and answers session crashed the USD.
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Thu, 02 Nov 2023 13:02:08 GMT

Bank of England keeps rate unchanged

As the markets expected, the Bank of England has kept the Official Bank Rate at 5.25%. The GBP/USD initially reacted with a 21 point or 0.17% surge and reaching above the 1.2200 mark. The surge was attributed to how the monetary policy committee voted for the keeping of the rate unchanged. It was expected that 2 members would vote for

Tue, 31 Oct 2023 11:28:47 GMT

Bank of Japan continues easy policy

The Bank of Japan has kept its policy rate at -0.10%. Namely, the BoJ is not going to use interest rates as a tool. Meanwhile, the central bank has re-defined its 10-year bond yield 1.00% target from a rigid limit to a reference. The BoJ could allow the rate to reach above the 1.00% mark. In theory, the redefining should

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