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🏦📊Fed Now Holds Highest Policy Rate In G10: Cable FX Macro


  • It has been a busy week in geopolitics and central banking, hug a macro trader, strategist if you see one. Here's a brief summary of the decisions seen this week:

  • <=USD>:🏦🇺🇸*FED HOLDS BENCHMARK RATE IN 4.25%-4.5% TARGET RANGE


    <GBP=>:🏦🇬🇧*BOE LEAVES KEY RATE AT 4.25%; EST. 4.250%


    <CHF=>:🏦🇨🇭*SNB CUTS POLICY RATE BY 25BPS TO 0%; EST. 0%


    <SEK=>:🏦🇸🇪*SWEDEN'S RIKSBANK CUTS POLICY RATE BY 25BPS TO 2%; EST. 2.000%


    <NOK=>:🏦🇳🇴*NORGES BANK CUTS BENCHMARK INTEREST RATE TO 4.25%; EST. 4.50%


    <JPY=>:🏦🇯🇵*BOJ KEEPS OVERNIGHT CALL RATE AT 0.50%

  • For now, the Fed holds the highest policy rate in DM, while the SNB is closer to NIRP. The next central bank decisions ahead will come from Australia and New Zealand.

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