Refinancing Operations News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Dollar remains firm in Asian session after the strong post-CPI rally. US stocks were deeply sold off as a June Fed rate cut is further priced out by the markets. Market attention is now keenly focused on the upcoming PPI for March, as well as University of Michigan's consumer survey results. Should today's PPI data reveal strong figures, followed by heightened consumer inflation expectations tomorrow, it could further delay the Fed's anticipated rate reduction timeline, thereby reinforcing the Dollar's strength.

Euro weakens broadly following ECB's decision to maintain interest rates unchanged, coupled with explicit suggestions of a potential rate cut ahead. However, selloff has been relatively mild, primarily because ECB's statement didn't serve as a definitive pre-announcement of rate cuts, unlike its 2022 guidance on rate hike. Moreover, the conditional guidance regarding future rate adjustments had been largely anticipated, given previous communications from ECB officials. Still, risk is now mildly on the downside for the common currency, especially in crosses.

Fitch Ratings has revised its world growth projection for 2023 to 2.0 per cent from 1.4 per cent in December 2022 due to China's post-COVID reopening, a resolution of the...

© Provided by Xinhua The interest rates on the main refinancing operations and on the marginal lending facility and the deposit facility will be increa

Last week, 2022 brought us yet another important milestone, with the European Central Bank (ECB) raising interest rates for the first time in 11 years.