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Summary The European Central Bank (ECB), in a widely expected decision, lowered its Deposit Rate by 25 bps to 2.25% at today’s announcement, while its accompanying statement was dovish overall in tone. In one significant change, the ECB no longer described its policy stance as restrictive. At the same time, however, it refrained from explicitly […]

The post European Central Bank Still Moving Steadily Along Rate Cut Path appeared first on Action Forex.

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13/09/2024

US Treasuries Rally Overnight With Front End of the Curve Outperforming.

Markets The ECB cut its deposit rate by 25 bps to 3.5% while narrowing the gap between the deposit rate and the main refinancing rate from 50 bps to 15 bps as flagged in March. New growth and inflation forecasts barely changed from June. The ECB plots the same 2.5%-2.2%-1.9% average inflation path for the […]
02/04/2025

Preview of RBNZ: On Autopilot?

We expect the OCR will be cut 25bp to 3.5%. The RBNZ will retain an easing bias. Global uncertainties and the perception the OCR is above the neutral rate will drive the easing bias. We are alert for signs of greater data dependency around future moves compared to the forward guidance in recent meetings. “No […]
10/02/2025

Hang Seng Index Hits Four-Month High Amid DeepSeek’s Success

As shown in the Hang Seng (Hong Kong 50 on FXOpen) chart today, the index has risen above the 21,500 mark for the first time since October 2024. According to Reuters, bullish sentiment is fuelled by optimism surrounding the success of the DeepSeek startup. Leading gainers include tech stocks: → Chipmaker Cambricon Technologies surged 6.2%; […]