Hawkish hold under energy shock – Rabobank

Hawkish hold under energy shock – Rabobank

Rabobank’s Senior Macro Strategist Stefan Koopman notes that the Bank of England (BoE) kept Bank Rate at 3.75% but adopted a distinctly hawkish tone as a renewed energy shock lifts inflation projections. The Monetary Policy Committee (MPC) is seen as “ready to act”, with Koopman now forecasting a single 25bp hike, potentially in April, while […]

JPY: BoJ holds but flags further hikes – BNY

JPY: BoJ holds but flags further hikes – BNY

BNY’s Head of Markets Macro Strategy Bob Savage notes that the Bank of Japan (BoJ) kept its policy rate around 0.75% with an 8–1 vote, noting moderate economic recovery and inflation near 2%. Source link

Gold hits one-month low near $4,700 as Fed’s hawkish stance weighs

Gold hits one-month low near ,700 as Fed’s hawkish stance weighs

Gold (XAU/USD) dives to a fresh low since February 6 during the first half of the European session on Thursday, though it finds some support near the $4,700 round figure. The US Dollar (USD) preserves the previous day’s strong gains fueled by the US Federal Reserve’s (Fed) hawkish outlook, which, in turn, is seen as […]