EUR/USD
1.18423
-0.069%
Gold
4958.37
-0.657%
Oil
63.521
-0.069%
USD/JPY
153.374
-0.091%
GBP/USD
1.36182
-0.081%
GBP/JPY
208.872
-0.158%
Real-time News
New York silver futures touched $74 per ounce, down 5.28% on the day.The yield on 5-year Japanese government bonds fell 2 basis points to 1.65%.British Prime Minister Starmer: I have increased defense spending; Britain needs to "go faster" on defense spending.February 17th - The Reserve Bank of Australia (RBA) believes that inflation will remain high if interest rates are not raised this month, and it remains uncertain whether further policy tightening is necessary. The minutes of Tuesdays meeting revealed that committee members expressed concern about a "substantial shift" in the risks to inflation and employment, providing a stronger case for a rate hike. The minutes stated: "Members unanimously agreed that data received since the last meeting further reinforced their concerns that inflation would persist too high for too long without policy intervention." Therefore, the committee unanimously decided to raise the cash rate by 25 basis points to 3.85%. Markets are betting that the stubbornness of inflation this quarter may be sufficient for the committee to raise rates again to 4.10% at its May meeting. First-quarter consumer price data will be released at the end of April, and analysts suspect that core inflation will remain around 3.4%, well above the RBAs target range of 2% to 3%. Regarding future interest rate trends, the committee noted that forecasts carry two-way risks, and future policy decisions will depend on data developments.Reserve Bank of Australia meeting minutes: Remains committed to reducing inflation and protecting jobs.
