Using data on the foreign exchange positions of five leading financial institutions, this paper attempts to determine whether the recent profitability of banks' foreign exchange trading is due to superior abilities to forecast exchange rate movements. Overall, the position data provide evidence that the...
The impact of central bank intervention on exchange-rate forecast heterogeneity. Journal of Japanese and International Economies 21, 1, 38-63.Beine M. Benassy-Quere A. Dauchy E. et MacDonald R. (2002), " The Impact of Central Bank Intervention on Exchange-Rate Forecast Heterogeneity ", ...
Finder regularly polls economists, analysts, professors and industry experts to forecast the Bank of Canada’s next interest rate decision. Here are the most recent overnight rate predictions from Finder’s economic expert panel: Murshed Chowdhury, Associate Professor + Insight from Murshed Chowdhury O...
The following annual interest rates apply: Currency Dollars New Zealand dollar (NZ$) Lending Rate 7.10% 6.80% Borrowing Rate 7.50% 7.25%Baylor Bank has the capacity to borrow either NZ$10 million or $5 million. If Baylor Bank's forecast is correct, what will its dollar profit be from ...
The European Central Bank on Thursday announced its fourth interest rate cut of 2024, confirming expectations for a quarter-percentage-point move and lowering its inflation forecast for this and next year. It takes the deposit facility — the ECB's key rate — to 3%. The deposit facility had...
Nevertheless it is forecast to be around 2.0% from the second half of 2022 and for all of 2023. This means the BoE will effectively fulfil its mandate of targeting inflation at 2.0%. Despite the 'hawkish' inflation projections, the BoE's own projections show the Bank ...
18: One member preferred to maintain Bank Rate at 5%. For this member, structural factors in wage and price-setting dynamics continued to draw out the underlying disinflation process, and CPI inflation was projected to remain above the 2% target until the end of the forecast period. Wage devel...
"In this context, a timely rate cut in the future by BI would be essential to manage these challenges, support economic expansion and restore consumer confidence," she said, adding that Bank Danamon was reassessing its BI rates forecast. (Reporting by Gayatri Suroyo, Stefanno Sulai...
Despite recent wage and pension increases, many Turks are struggling to afford necessities. The central bank's survey shows year-end inflation is expected to be much higher than its official forecast. "Reducing inflation is not something that will happen overnight," Erdogan said recently, urging ...
I and II I and III III and IV I, II, and III I, II, III, and IV Answer: D Difficulty: Moderate Rationale: Duration can be used to calculate the approximate effect of interest rate changes on prices, but is not used to forecast interest rates. Two bonds are selling at par value ...