A different stance was likewise stated by the Bank of Canada governor Stephen Poloz, not to rule out the possibility of a rate cute, have driven the Loonie lower after maintaining its higher price level as compared to where the USD was trading before the FOMC statement. While the previous weeks, the BOE have emphasized a rate increase that also supported the British Pound to its higher levels before the meeting after the same move was made when the Reserve Bank of New Zealand also raised rates.
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Thursday, March 20, 2014
Insight: Behind CB Rate Decisions
The newly installed US Fed Chairwoman of the Federal Reserve Janet Yellen, have stamped her marked on the market by mentioning the Fed's guidance on its decision of rate increases within 6 months. And moving forward within 2015 after delivering her statements on the FOMC meeting that prompted a strong rally for the US DOLLAR
A different stance was likewise stated by the Bank of Canada governor Stephen Poloz, not to rule out the possibility of a rate cute, have driven the Loonie lower after maintaining its higher price level as compared to where the USD was trading before the FOMC statement. While the previous weeks, the BOE have emphasized a rate increase that also supported the British Pound to its higher levels before the meeting after the same move was made when the Reserve Bank of New Zealand also raised rates.
A different stance was likewise stated by the Bank of Canada governor Stephen Poloz, not to rule out the possibility of a rate cute, have driven the Loonie lower after maintaining its higher price level as compared to where the USD was trading before the FOMC statement. While the previous weeks, the BOE have emphasized a rate increase that also supported the British Pound to its higher levels before the meeting after the same move was made when the Reserve Bank of New Zealand also raised rates.
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