ECB official Isabel Schnabel signals firm monetary policy stance while market movements reflect the impact of central bank signals from both the ECB and the Bank of Canada on the EUR/CAD pair.
3 reports, 3 independent
Updated Jul 20
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What happened
ECB official Isabel Schnabel signals firm monetary policy stance while market movements reflect the impact of central bank signals from both the ECB and the Bank of Canada on the EUR/CAD pair.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Inflation targets were missed, necessitating the maintenance of high interest rates by central banks.Also in this story
- Central bankers are facing the growing fear that the money supply they manage is being used to serve political needs, leading to pressure to help politicians avoid difficult choices.
- Inflation remains high despite the Reserve Bank holding interest rates steady.
- The Federal Reserve and the FOMC are facing criticism due to a failure in their policy regarding inflation targets.
- The Reserve Bank of New Zealand (RBNZ) is using the Official Cash Rate (OCR) hikes to bring inflation back to target.
The entities involved
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European Central Bank
central bank of the European Union and the eurozone
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Bank of Canada
central bank of Canada
Related events
- ECB officials, including Isabel Schnabel, are reassessing monetary policy based on Iran peace talks and European Commission surveys.
- ECB monitors inflation data from Italy and Germany as energy price shocks stabilize amid easing tensions between Iran and the U.S.
- US inflation and growth are driving expectations of a Fed rate hike, while the dollar's strength pressures the euro.
- The Bank of Canada monitors inflation while Houthis launch attacks on Saudi energy sites, amid European political activity.
- The Bank of Canada is managing monetary policy amid risks of energy price spillover from Middle East conflict near Hormuz.