It's Monday, and that means another regular recap of what happened last week.
Last week we saw a big surprise from the central banks!
Read on to keep up to date!
GBP
On Thursday, we turned our attention to the BOE's interest rate decision, which the central bank raised by 25 basis points as expected, marking the fifth rate hike in a row.
USD
On Wednesday, the Fed raised rates by 75 basis points. Although he predicted a 50bp increase. During the week, forecasts of large institutions (WSJ, Goldman Sachs, JP Morgan) were released, which to some extent counted on a 75bp increase. So it wasn't such a surprise.
Recording of the press conference:
JPY
At the end of the week, the Bank of Japan left rates unchanged, as expected.
CHF
The big surprise of the week was the Swiss National Bank (SNB) unexpectedly raising rates.
And what's in store for the current trading week?
The current trading week will be much weaker. Still, it will bring some interesting data that will be worth mentioning.
The Reserve Bank of Australia will release its minutes of the monetary policy meeting on Tuesday.
The most important event we will focus on is Wednesday's CNB interest rate decision, which is expected to rise by 1 percentage point to 6.75%.
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