Tsipras: The current bailout program will be the last for Greece

Alexis Tsipras, Greek Prime Minister, made the following statement:

• Our goal is to continue reforms and attract investments to deal with unemployment.

Read More

Mester: further gradual rates hike will be needed

Loretta Mester, Chairman of Federal Reserve in Cleveland, said:

• A further gradual rates hike will be needed.
• Better to begin trim balance sheet in near term.

Read More

The Senate nominates Quarles as Federal Reserve Vice president

The Senate Banking Committee voted today with 17 votes to 6 to introduce candidate Randal Quarles to the FOMC. Earlier in the day, WSJ reported that Trump was unlikely to nominate Gary Cohn as chairman of the Federal Reserve Bank as an alternative to Janet Yellen, whose term expires next February.

Read More

The ECB keeps interest rates unchanged and markets await the press conference

The ECB decided at its meeting today to keep interest rates on main refinancing operations unchanged at 0.00%, interest rates on margin lending facilities at 0.25% and deposit interest rates at -0.40%. The bank also noted that interest rates may remain unchanged for a long period of time.

Read More

UK house prices rise more than expected in August

UK house prices rose in August, according to data from Halifax, with prices up by 1.1% versus expectations of a 0.2% rise. Over the course of a year, prices rose by 2.6%.

Read More

Five reasons why Draghi will not talk about the strength of the euro

ANZ analysts have identified five reasons why ECB governor Mario Draghi may not speak directly about the strength of the euro at Thursday's meeting:

1. The euro is not overvalued and its rise is relatively moderate.

Read More

Fischer resigns from Fed

Stanley Fischer, the vice chair of the Federal Reserve Bank, has resigned a year before his term ends due to personal reasons in an official letter to US President Donald Trump that he will step down in October.

Read More

Bank of Canada surprises markets and raises interest to 1%

The Bank of Canada made a surprise move today, raising interest rates by 0.25% to 1% for the second time in a row this year. Expectations were that the bank would keep interest at 0.75%. A monetary policy report wasn't released after today's meeting and there was no press conference.

Read More