A lot of central bank interest rates, the Australian dollar dominates

This week, Australia, South Korea, Indonesia, the United Kingdom and the European Central Bank have successively convened meeting on interest rates.

On Tuesday (February 7), the Reserve Bank of Australia announced that the interest rate remained unchanged, maintaining a 4.25% interest rate. The Australian dollar alone dominated the AUD/USD to break through the 1.0800 mark and soared to the highest level of 1.0809 since August 2, 2011.

The market is generally expected that the Bank of England may further expand the scale of quantitative easing to 50 billion pounds (about 79 billion US dollars) to 325 billion pounds. Most economists expect the ECB, the Bank of Korea, and the Bank of Indonesia to maintain their existing benchmark interest rates at 1.00%, 3.25%, and 6.0%.

Analysts said that the Asia-Pacific and European economies currently face different economic growth conditions. The former has a good economic growth, and the inflation rate has reached a peak, which opens up room for countries to adjust their monetary policy positions. The latter is hampered by the impact of the European debt crisis. Further relaxation of monetary policy has the dual purpose of balancing the banking system and stimulating the domestic economy.

Surveys of analysts of well-known organizations show that the vast majority of analysts expect that the Bank of Korea and the Bank of Indonesia will maintain their current benchmark interest rates at 3.25% and 6.0%, respectively, and maintain their interest rates for the 8th and 3rd consecutive months respectively. change.

The European Central Bank is also expected to maintain its existing interest rate level unchanged at 1.00%, for the second straight month. This is mainly because the bank has launched a three-year refinancing operation at the end of last year. More than 500 banks in the euro zone will raise 489 billion euros from the European Central Bank at a fixed interest rate of 1%. This measure has eased to some extent. The degree of liquidity in the European banking industry. At the same time, due to the "movement and calm" of the move, the German central bank governor Weidmann made a "struggle", indicating that the European Central Bank will face greater external pressure in the future "re-looseness".

In the UK, 49 of the 50 analysts surveyed expect the Bank of England to expand its quantitative easing scale, of which 15 are expected to “requantize” the scale to 75 billion pounds, and 34 are expected to reach 50 billion pounds. The bank had expanded its financial asset purchase plan by 75 billion pounds to the current 275 billion pounds in October last year. In addition, in December last year, the bank also launched a new liquidity tool (ECTRF) to prevent liquidity depletion in the financial markets caused by the escalation of the European debt crisis.

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