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BoE: Keeping the rate on dovish hold - Rabobank
Breaking news
BoE: Keeping the rate on dovish hold - Rabobank
New
2024.12.19 23:40
2024.12.19 23:40
2024.12.19 23:40
As expected, the Bank of England MPC kept rates on hold at 4.75% at this week's meeting. The vote was split 6-3, with three dissenters voting for a 25bp cut, Rabobank's Senior Macro Strategist Stefan Koopman notes.
Path of least resistance remains for quarterly cuts
"We interpret this larger vote split as a signal to the market that the MPC is advocating a more rapid pace of cuts than currently priced in."
"The MPC also stuck to its language of gradualism. In our view, the path of least resistance remains for quarterly cuts."
"With three members already favoring cuts, only two more need to switch sides in February to mark the next move. We continue to expect the first cut of 2025 to land then."
Last updated
: 2024.12.19
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NZD/JPY price analysis: Pair extends gains above 20-day SMA
NZD/JPY added a modest 0.20% on Friday, climbing to 88.90 and building on the gains seen since the pair broke above its 20-day Simple Moving Average (SMA).
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2024.12.28 07:46Australian Dollar drifts near yearly support as holiday trade thins
The Australian Dollar pair trades in a very tight range near the yearly support of 0.6200 in Friday's session.
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2024.12.28 07:01US Dollar advances as year-end caution lingers
The US Dollar Index, which measures the value of the USD against a basket of currencies, is trading within a very tight range on Friday, holding near 108.00 mark.
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2024.12.28 03:29Canadian Dollar continues its tepid stance on Friday
The Canadian Dollar (CAD) continued its soft stance on Friday, easing into familiar near-term lows and shedding one-quarter of one percent against the US Dollar.
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The EUR/USD pair ended a shortened week with a modest bounce, inching up to around 1.0430 on Friday.
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2024.12.28 00:43NZD/USD Price Forecast: Wobbles around two-year low of 0.5300
The NZD/USD pair moves higher to near 0.5630 in Friday's North American session.
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2024.12.27 23:43AUD/USD exhibits indecisiveness around 0.6200 in thin year-end trading
The AUD/USD pair trades in a very tight range near the yearly support of 0.6200 in Friday's North American session.
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2024.12.27 21:11Disclaimer:
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