The Federal Reserve’s Interest Rates will be Decided Today in the US

Gold Silver Reports (GSR) – In the US today, the Federal Reserve will decide on interest rates and before that the move of gold has narrowed down to a small extent. The eye of the market rests on the decision of this meeting. Meanwhile, there is news from the United States about the trade war with China. US President Donald Trump has expressed hope of a reconciliation between the two countries.

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Monetary Policy Decisions – Gold Silver Reports (GSR)

The Governing Council of the European Central Bank (ECB) took the following monetary policy decisions:

(1) The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.

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European Central Bank (ECB) said it would Delay its First Post-Crisis interest Rate Hike until at Least the Middle of Next Year.

Gold Silver Reports (GSR) – The euro climbed higher against the U.S. dollar on Thursday, after the European Central Bank (ECB) said it would delay its first post-crisis interest rate hike until at least the middle of next year. In a move that was well-flagged, ECB President Mario Draghi also offered to pay banks if they borrow cash from the central bank and pass it on to households and firms.

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Draghi: Central bank Independence

Draghi: Central bank Independence

Advanced economies are now emerging from the aftermath of the great financial crisis. Despite facing the largest shock in the postwar period, central banks have succeeded in maintaining price stability and fulfilling their mandates.

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