Summary
When the global financial crisis hit, central banks the world over decided to cut interest rates quickly to flood the financial system with money and prevent a meltdown. Four years onwards the G7 CB's are facing different challenges and different mandates. Join Mark de la Paz as he discusses the effects of interest rate decisions to financial markets in a live coverage of the ECB's Interest Rate Decision.Latest Live Videos
Editors’ Picks
The Fed leaves rates unchanged, as expected. Focus now shifts to Powell’s press conference – LIVE
As largely anticipated by market participants, and in an unanimous vote, the US Federal Reserve maintained its policy rates unchanged at its event on Wednesday. The Fed announced a reduction in the balance sheet runoff pace and highlighted lack of progress in inflation.
EUR/USD climbs to daily highs on steady FOMC
The selling bias in the Greenback remained unchanged after the Federal Reserve left its interest rates unchanged on Wednesday, sending EUR/USD to daily highs near the 1.0700 barrier.
GBP/USD regains its smile after the Fed leaves rates unchanged
The resumption of the upward pressure lifts GBP/USD back above 1.2500 the figure, partially trimming Tuesday’s strong retracement and bouncing off earlier lows near 1.2470.
Gold accelerates its gains on unchanged rates by the Fed
The precious metal maintains its constructive stance near the $2,300 region on Wednesday after the Federal Reserve left its FFTR intact, matching market expectations.
A new stage of Bitcoin's decline
Bitcoin's closing price on Tuesday became the lowest since late February, confirming the downward trend and falling under March and April support and the psychologically important round level.