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In-Depth Analysis
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ECB and BoE meeting Review
Fri, Sep 7 2007, 09:34 GMT
by Marina Schiaffino
As it was expected ECB as well as BoE, have both left their interest rate unchanged at 4% and 5.75% respectively. At its post meeting speech ECB’s president Jean Claude Trichet has announced great attention in the money markets, as well as the determination to act in a "Firm and Timely Manner" to maintain inflation in levels below the 2.0% annual rate.
Check the effect that the result of the meetings is having over the pairs in our Rates and Charts Section or compare the movements of the different banks in our World Interest Rates Table.
- · Read the Monetary Policy Decision at ECB
- · Read the report: Bank of England Maintains Bank Rate at 5.75% at BoE
In-Depth Analysis
- · ECB: Rate hike postponed for now by Danske Bank A/S
- · Daily Global Commentary - ECB and BOE Hold Policy Rates Steady As Expected by Northern Trust
- · Daily Forex Strategy Briefing - ECB Turns Data Dependent by CMS Forex
- · European and US summary - Euro Rallied on ECB Inflation Focus by Forexnews.com
- · Daily Analysis - BOE, ECB Act to Protect Economies From Higher Rate by Finotec Group Inc.
- · Mid-Day Forex Technical Report -Euro in Range, Sterling Retreats after Central Banks on Hold by ActionForex.com
Related News
- · BoE holds rates at 5.75 pct, sees CPI at or below target in coming months UPDATE (Thomson Financial News)
- · The ECB keeps Refi Rate on hold at 4% (FXstreet.com)
- · UPDATE: European Central Bank Holds Steady Amid Market Turbulence (Dow Jones)
- · UPDATE: Bank Of England Keeps Interest Rates On Hold At 5.75% (Dow Jones)
- · Trichet says ECB will monitor inflation risks 'very closely' UPDATE (Thomson Financial News)
- · BoE warns that rates may have to rise again (Thomson Financial News)
- · ECB cuts 2007 euro zone growth forecast in wake of financial markets turmoil (Thomson Financial News)
- · Trichet says ECB will monitor inflation risks 'very closely' (Thomson Financial News)
Analysts' Comments
- Juergen Stark, ECB executive board member:
"Today I can tell you we are enhancing the monetary analysis, so the expectations of the watchers may be a disappointment." - Thomson Financial News - · Peter Stoneham, analyst at Thomson IFR Markets:
"We are hearing dovish undertones from the Trichet press call." - Thomson Financial News - · Daragh Maher, senior forex strategist at Calyon:
"The message up-front today was that a (BoE) rate cut would only be justified if the inflation target were likely to be undershot without one - nonetheless, the evidence for generating a view of an inflation undershoot is building." - Thomson Financial News - · Karen Ward, economist at HSBC:
"The BoE is keeping its fingers crossed that all the market turmoil will all go away. They acknowledge there may be spillovers which they will monitor but at the moment they believe the impact will be limited." - Thomson Financial News
Published on Fri, Sep 7 2007, 09:40 GMT
Archive
- Fed Meeting Preview
Published On Tue, Sep 18 2007, 07:07 GMT - ECB and BoE meeting Review
Published On Fri, Sep 7 2007, 09:34 GMT - ECB and BoE meeting Preview
Published On Wed, Sep 5 2007, 14:43 GMT - Bank of Japan Meeting Review
Published On Thu, Aug 23 2007, 14:18 GMT - Bank of Japan Preview
Published On Wed, Aug 22 2007, 13:47 GMT
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
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