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PropMarketCapFRESHMacroeconomics and central banks

Bank of Canada raised its key rate to 2.5% and allowed for another hike

On October 28 at 16:45 MSK, the Bank of Canada raised its key rate from 2.25% to 2.5% - exactly what the market expected. The main surprise was not the move itself, but the signal: the regulator allowed that another hike may be needed.

PropMarketCapFRESHMacroeconomics and central banks

RBNZ left the rate at 2.75% instead of the expected 3% - NZD/USD fell below 0.5600

The Reserve Bank of New Zealand (the country's central bank) unexpectedly did not raise the key rate overnight on October 28, although almost everyone expected it to: the decision was made by a 4-3 vote. The New Zealand dollar moved lower in the first minutes after the publication.

PropMarketCapFRESHMacroeconomics and central banks

Consumer confidence soared to 91.7 versus 81.2: a signal against a US recession

The Conference Board Consumer Confidence Index for October came in at 91.7 versus a forecast of 81.2 and the September reading of 81.9. The miss versus consensus is more than 10 points, one of the largest surprises for this indicator in recent times.