China News Agency, Beijing, July 7th. Colombo News: According to local media reports on the 7th, the Monetary Committee of the Central Bank of Sri Lanka has decided to increase the central bank’s standing loan facility interest rate and standing deposit facility interest rate by 100 basis points.
When the Federal Reserve is about to hold its monetary policy meeting, the euro / dollar is about to face a test; The market expects the Federal Reserve to raise interest rates by 50 basis points and give a signal to quantify the timing of the tightening plan.
Investing.com - The dollar fell in European trade on Monday, retreating sharply from a 20-year high hit earlier this month, as disappointing economic data could hamper the pace of interest rate hikes by the Federal Reserve.
ECB Governing Council member Martins Kazaks said the ECB should consider raising interest rates by 25 basis points more than planned if there are signs that high inflation data is fueling inflation expectations.
U.S. investment bank Goldman Sachs recently raised its gold forecast for the end of 2022. The gold price target, currently at $2,500 an ounce, bodes well for gold in 2022, after closing 2021 down about 4%. In the report, the bank noted that fears of a U.S. recession could intensify in the coming year, which would lead to higher gold prices.
How many more rate hikes are the ECB likely to have? Analysts assessed the ECB's July policy update and gave their judgment, with some even suggesting the central bank could raise rates by 75 basis points at its next meeting in September.
Investing.com – In European markets on Wednesday (August 3), the U.S. dollar index futures consolidated above the 106 mark, maintaining yesterday’s gains. The tense geopolitical situation and the Fed’s hawkish remarks supported the dollar.
