European Central Bank increases interest rate The European Central Bank (ECB) announced a further rate increase of 50 basis points, despite the current backdrop of market turmoil in the banking sector. The ECB had previously signalled it would be raising rates again at its March meeting – and it did! Pressure InitialRead More →
In view of the recent ‘mini banking crisis’ – will the Feds fight with inflation mean U.S. interest rates will still go up this month? Two or three more increases of 0.25%? Markets still expect the Fed to keep up its inflation fight, despite recent bank failures that have unexpectedlyRead More →
More stimulus The U.S. Federal Reserve announced it would start buying individual corporate bonds. The Fed said, ‘it will purchase corporate bonds to create a corporate bond portfolio’. The Federal Reserve is stepping things up again after recent comments left investors more than a little concerned about the pace ofRead More →
Australia cuts key interest rate The Reserve Bank of Australia cut its key Bank Rate by 0.25% to a new record low of 0.75%. The economy grew at its slowest pace in Q2 2019 for a decade. Other market moving news roundup China celebrates 70 years of Communist rule withRead More →