Central Banks Kept Interest Rates at the Same Level

Yesterday, the Swiss National Bank kept its monetary policy at the same level. The key interest rate is -0.75%. The regulator said that the exchange rate of the national currency remains quite high. The Bank of England also left the interest rate unchanged at 0.25%. At the same time, three representatives of the Central Bank voted to raise the rate, which caused a sharp increase in the GBP/USD currency pair.

As expected, the Bank of Japan continued to adhere to a soft monetary policy. The key interest rate remained at the same level of -0.10%. The regulator plans to continue to maintain the government securities yield at about 0. The volume of economy stimulation remained at the level of 80 trillion yen per year.

During the Asian trading session, futures for oil and gold showed mixed dynamics.

Market Indicators

Yesterday, the US stock indices slightly moved away from historical highs. Trades ended with a decrease of #SPY (SPDR S&P 500 ETF) by 0.19%.

The 10-year US government bonds yield continues to recover. At the moment the indicator is at the level of 2.17%.

During yesterday's trading, the US dollar strengthened against the major world currencies. The dollar index (#DX) increased by 0.54%.

Today it is necessary to pay attention to the following events:

• – The consumer price index in the Eurozone at 12:00 (GMT+3:00);
• – Statistics on retail sales in the UK at 11:30 (GMT+3:00);
• – Statistics on the real estate market in the US at 15:30 (GMT+3:00);
• – The indices of consumers' expectations and sentiments from the University of Michigan at 17:00 (GMT+3:00).

by JMarkets, 2017.06.16

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.