Page 130 of 158 FirstFirst ... 30 80 120 128 129 130 131 132 140 ... LastLast
Results 1,291 to 1,300 of 1572
Like Tree2Likes

The News / Hottest Related

This is a discussion on The News / Hottest Related within the Related Markets forums, part of the Non-Related Discussion category; Russia's central bank on Friday cut its key interest rate, after raising it massively in December to shore up the ...

      
   
  1. #1291
    member TheNews's Avatar
    Join Date
    Feb 2013
    Posts
    7,383
    Blog Entries
    1032

    Russia Central Bank Slashes Key Rate After December's Massive Hike

    Russia's central bank on Friday cut its key interest rate, after raising it massively in December to shore up the ruble, in a bid to underpin economic activity that remains hurt by falling oil prices and economic sanctions.

    The Bank of Russia Board of Directors decided to reduce the key rate to 15.00 percent from 17.00 percent. Economists had expected the bank to retain the policy rate.

    "The decision taken is aimed at averting the sizeable decline in economic activity against the background of negative external factors," the bank said. The West targeted Russia and some of its citizens with economic sanctions after the annexation of Crimea by the country and the standoff with Ukraine.

    On December 15, the central bank unexpectedly hiked the rate to 17.00 percent from 10.50 percent, just a week after raising it by 100 basis points. The hikes were aimed at limiting the slide in the ruble and risks to inflation, the bank had said. Interest rates were raised six times last year.

    At the start of this week, Standard & Poor's downgraded Russia's sovereign credit rating to below investment grade for the first time in more than a decade. The rating agency cut the country's sovereign credit rating to "BB+" from "BBB-". The rating outlook is negative.

    Earlier this month, Fitch Ratings downgraded Russia to its lowest investment grade, followed by Moody's Investors Service.

    The central bank attributed the rate cut to "the shift in the balance of risks of accelerated consumer price growth and cooling economy". The massive hike in December led to stabilization of inflation and depreciation expectations to the extent expected, the bank said.

    The bank forecast inflation to be lower than 10 percent in January 2016 and said the current surge in inflation was due to accelerated price adjustment to the ruble depreciation being time-limited. Inflation pressure will be curbed by slowdown in economic activity, the bank said.

    In 2014, Russia's inflation was 11.4 percent and core inflation was 11.2 percent. Monthly inflation was forecast to ease slightly this month from 2.6 percent in December. However, the bank expects annual inflation to continue the upward trend with a peak in the second quarter of 2015.

    "The ruble depreciation will further affect the prices of goods and services contributing to the likely increase in annual inflation in the next months," the bank said.

    "Nevertheless, inflation and inflation expectations are forecasted to decrease as the economy gradually adjusts to changing external conditions and the impact of the exchange rate dynamics on prices exhausts."

    Further, subdued aggregate demand as well as slightly tight fiscal policy would also lead to slowdown in consumer prices, the bank added.

    The bank also estimated 2014 economic growth at 0.6 percent and predicted 'substantial decrease of output' due to falling oil prices and foreign economic sanctions on Russian borrowers. It forecast -3.2 percent growth for the first half of this year.

    Russian central bank policymakers will on March 13 to decide on interest rates.



    More...

  2. #1292
    member HuntedRelated's Avatar
    Join Date
    Apr 2014
    Posts
    551
    Blog Entries
    92

    Weekend Edition with John O'Donnell

    The “Ambassador of Opportunity” joins Merlin to help break down the terrible start to 2015. The duo take a look at the growing problems in Europe, the glimmer of hope for gold, The gibberish being spewed by the Fed, and much more!



    More...

  3. #1293
    member HuntedRelated's Avatar
    Join Date
    Apr 2014
    Posts
    551
    Blog Entries
    92

    Oil Takes off with Mike McMahon

    Teaching a Forex class this week, Mike McMahon joins Merlin for a look at what he and his students have been analyzing. Mike and merlin look at The Euro, Dollar, Swiss Franc, Oil, Gold and much more. Mike also offers his outlook on Oil, which he called to bounce on last week’s show. 24% bounce in 6 days isn’t bad! Where is it going next? Tune in and find out!



    More...

  4. #1294
    member HuntedRelated's Avatar
    Join Date
    Apr 2014
    Posts
    551
    Blog Entries
    92

    Facing the Future with Steve Bobbitt

    Oil continued its roller coaster ride Wednesday, giving back much of its gains from the last 3 trading sessions. Trader, Steve Bobbitt joins Merlin to offer his insights into why this extreme volatility is happening and why it will persist. Steve also offers a forecast for the bottom in oil! The duo also look at the Euro, and the US equity market position going forward.



    More...

  5. #1295
    member HuntedRelated's Avatar
    Join Date
    Apr 2014
    Posts
    551
    Blog Entries
    92

    Financial Matters with Sam Seiden

    The mastermind behind the Online Trading Academy’s Patented trading methodology, Sam Seiden joins Merlin to take a look at the new financial education program being rolled out. Sam points out why there is such a need for mass education in many areas of our lives, areas where big corporations have been teaching us to do the wrong thing! The duo also takes a look at Crude Oil and market timing principles.



    More...

  6. #1296
    member HuntedRelated's Avatar
    Join Date
    Apr 2014
    Posts
    551
    Blog Entries
    92

    Weekend Edition with John O'Donnell

    The week ended with indices clawing into positive territory for the year, and a major bounce in crude oil. John and Merlin take a look at many different aspects of the markets including oil, gold, risk management and the first “Donkey of the Day” for 2015!



    More...

  7. #1297
    member TheNews's Avatar
    Join Date
    Feb 2013
    Posts
    7,383
    Blog Entries
    1032

    India Growth Eases In Dec Qtr, Yet Expansion Strong Under New Methodology

    India's economic growth remained strong in the three months to December, albeit an easing in the pace of expansion, figures calculated by the Central Statistics Office under a new methodology showed Monday.

    More...

  8. #1298
    member TheNews's Avatar
    Join Date
    Feb 2013
    Posts
    7,383
    Blog Entries
    1032

    India's Growth Seen Stronger In 2014-15 Under New Calculations

    India's economic growth is set to improve in the fiscal year ending March on the back of stronger performance by manufacturing, construction and services sectors, official estimates based on a new calculation methodology suggested Monday. Gross domestic product grew 7.4 percent in 2014-15, the Central Statistics Office said.

    More...

  9. #1299
    member HuntedRelated's Avatar
    Join Date
    Apr 2014
    Posts
    551
    Blog Entries
    92

    As the Currency Markets Turn with Justin Krebs

    Justin Krebs joins Merlin for a thorough look at many different listener questions. The duo takes a look at the Aussie Dollar, Canadian Dollar, Japanese Yen, Suisse Franc, Dollar index, Fibonacci and much more!



    More...

  10. #1300
    member TheNews's Avatar
    Join Date
    Feb 2013
    Posts
    7,383
    Blog Entries
    1032

    U.S. Retail Sales Fall 0.8% Amid Steep Drop In Sales By Gas Stations

    With sales by gas stations showing another substantial decrease, the Commerce Department released a report on Thursday showing that U.S. retail sales fell by more than anticipated in the month of January.

    EURUSD M5: 44 pips price movement by USD - Retail Sales news event :

    Name:  2.png
Views: 68
Size:  23.5 KB

    More...

Page 130 of 158 FirstFirst ... 30 80 120 128 129 130 131 132 140 ... LastLast

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •