Forex Investment and Currency Trading

South Africa Private sector credit growth unexpectedly rose by 22.6% yoy in March after 20.8%, well above market expectations for 20.5%. M3 money supply also rose to 21.0% yoy from downward revised 20.9% (consensus 20.7%). Following SARB Governor’s recent hawkish comments, an emergency rate hike cannot be ruled out given the sharp deterioration in inflation [...]

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The BoT’s quarterly Inflation Report (IR) released on April 22 reinforced the view that the scope for rate cuts is limited by the already accommodative monetary conditions and rising inflationary pressure. In
fact, market sees increased prospects for BoT to raise the benchmark repo rate in 2H08 on growing concerns over price stability. In addition, concerns over [...]

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FOMC Cuts the Fed Funds Rate by 25bps and Leaves Neutral Bias

The FOMC cut the fed funds rate by 25bps to 2%. Discount rate was cut by 25bps also, to 2.25%
The vote was 8-2, with dissent from Fed Presidents Fisher and Plosser.
The statement highlighted ongoing weakness in the economy but left out any mention of [...]

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