The Bank of Japan on Thursday kept its rates steady at 0.75%, as expected, but noted that inflation risks are now tilted to the upside due to the Iran war. The decision was split, with eight of the nine members voting in favour of a hold and only Hajime Takata proposing a rate hike to […]
In the next 48 hours, all the major central banks in the world will meet and decide the next steps in their respective monetary policies, after the Australian RBA once again raised its benchmark rate on Tuesday morning. It starts in a few hours with the Bank of Canada, followed by the Fed, then BOJ, […]
There is a second major shift—the first is obviously the oil shock—produced by the current crisis in the Middle East: the policy outlook of the major global central banks has changed rapidly, and this is something we will discuss in greater depth later this week. The discussion is no longer only about accommodative policy and […]
The impact on financial markets of the coordinated US–Israel attack on Iran, which is once again destabilizing the Middle East, is already becoming evident—and most likely we are only at the beginning. Geographically, Iran occupies the entire northeastern coastline of the Persian Gulf and directly overlooks the Strait of Hormuz, through which approximately 25% of […]
On the night of Tuesday, February 24, 2026, the People’s Bank of China (PBoC) held its policy meeting. Although this event is typically less monitored by retail brokers, it remains highly relevant for macro positioning. The central bank left the one-year Loan Prime Rate (LPR) unchanged at 3.00%—its primary policy benchmark—and maintained the five-year LPR […]
Despite some unimpressive macro data, the USD continues its slow and gradual strengthening after the collapse of the last 10 days of January—a move that has now been ongoing for 21 sessions. No one will have missed the poor print of the Q4 GDP Growth Rate, which came in at just +1.4%, down from the […]
This morning, the Reserve Bank of Australia left its policy rate unchanged at 3.6% for the fourth consecutive meeting, with AUD/USD emerging as the best performer among major currency pairs. The RBA is the first of the four major central banks meeting this week, all of which face the same challenge: balancing inflation that remains […]
In a week packed with macroeconomic releases—one that will see four major central banks, including the Federal Reserve, announce potential changes to their monetary policy—the USD Index (USDX) begins trading at 98.63. This places the index closer to its H2 2025 highs (100.35 recorded on 20 November) than to its semiannual lows (95.85 reached on […]
At 08:00 GMT this morning, the minutes of the latest meeting of the Financial Policy Committee (FPC) will be released. The FPC is the Bank of England’s body responsible for safeguarding the stability of the UK financial system. Its assessment will be particularly interesting given that the country’s macroeconomic backdrop is far from vibrant—although, to […]
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