Monetary policy

The bond market calls for a Fed funds hike as of… March!

On Tuesday, officials of the Federal Reserve (Fed) reinforced market expectations of a rate hike from the next Federal Open Market Committee (FOMC) meeting which will take place on March 14-15. New York Fed chairman William Dudley, among the most influential central bankers, told CNN that the need for tightening monetary policy had “become a [...]

By |March 2nd, 2017|Categories: Analyst's Insight|Tags: , , , , , , |

CBR cuts rates but rouble remains in troubles…

On Friday June 10th, the Central Bank of Russia announced a cut of its key interest rates. The Repo rate is lowered by 50 bps from 11.0% to 10.5%. This monetary policy measure will be effective on Tuesday June 14th. The easing in Russian monetary policy was anticipated by a short majority of the consensus. [...]

By |June 14th, 2016|Categories: Analyst's Insight|Tags: , , , |

June FOMC meeting: Hike or not hike, that’s no longer the question!

On Monday June 6th at the World Affairs Council of Philadelphia, the Fed Chair Janet Yellen gave a speech in which she said that the United States economy was making progress but she remained silent on the timing of the next Fed funds hike. “I continue to think that the Federal funds rate will probably [...]

By |June 7th, 2016|Categories: Analyst's Insight|Tags: , , , , , , |

The Fed’s indecisiveness could postpone the oil prices rise

On Wednesday April 27th, the Federal Reserve (Fed) acted as expected by leaving interest rates unchanged and using a more hawkish tone than during the previous FOMC, increasing the probability of a rate increase in June. FOMC’s members highlighted that labor market conditions have improved further, even though “growth in economic activity appears to have [...]

By |April 28th, 2016|Categories: Analyst's Insight|Tags: , , , , , |