Central banks matter. This week, the BoE has also kept rates unchanged at 0.25%. The devalued pound has definitely helped the UK central bank to maintain
Central banks matter. This week, the BoE has also kept rates unchanged at 0.25%. The devalued pound has definitely helped the UK central bank to maintain its patient stance. Next week the Fed will announce also its rate decision and while officials have sent mixed signals due to probably communication errors which added some turmoil in the equity markets, the rates are very unlikely to be raised. In Switzerland, the SNB left interest rates unchanged at its last monetary policy meeting. The Swiss institution remain in reactive mode, reading to intervene in the FX market to prevent further CHF appreciation.
