Tuesday, 24 April 2018
New York
Wednesday, 18 April 2018 08:45 WIB

The People Bank of China said it will cut the reserve-requirement ratio for some banks to reduce their funding costs and in turn help ease conditions for businesses and individuals. The 1 percentage point reduction takes effect April 25, the central bank said late Tuesday. About 900 billion yuan ($143 billion) of outstanding medium-term lending facility loans will be repaid on the day of the cut and another 400 billion yuan will be unleashed, it said in a statement. The PBOC said the reduction in funds required to be parked with it will apply to large commercial banks, joint-stock...

RBA Sees Economy Growing Faster Than Its Potential Rate in 2018
Tuesday, 17 April 2018 08:51 WIB | Australia RBA

Australia economy is this year expected to grow faster than its speed limit -- estimated at 2.75 percent by Treasury -- with inflation just above the bottom of its target, the central bank said in minutes of its April policy meeting.  Reserve Bank of Australia says it's more likely the next move in the cash rate will be up rather than down. Given lowering unemployment and returning inflation to the midpoint of its 2-3% target œwas expected to be only gradual, members agreed œthere was not a strong case for a near-term adjustment in monetary policy. Outlook for non-mining...

ECB sees trade wars as a risk to Europe's economy
Thursday, 12 April 2018 19:09 WIB | Bank Sentral Eropa ECB

European Central Bank officials warned at their March policy meeting that trade wars and a strengthening euro risked undermining the eurozone's economic recovery, underlining the ECB's caution as it prepares to phase out its large monetary stimulus. The minutes of the ECB's March 7 and 8 policy meeting, published on Thursday, suggest the world's number two central bank will move only gradually to phase out its 30 billion-euro ($37.1 billion) a month bond-buying program and start raising interest rates. ECB officials said there were several risks to the global economy that could hurt the...

Fed Minutes From March Meeting Reinforce View That More Rate Hikes Are Coming
Thursday, 12 April 2018 01:18 WIB | Federal Reserve The Fed Ekonomi AS

Minutes of the March 20-21 Federal Open Market Committee meeting released Wednesday show "all" participants saw some more interest-rate hikes as likely. Instead of discussing whether to hike rates, the debate centered more on how much tightening would be needed. "Several" Fed officials thought the Fed might have raise interest rates to a level that would act as a restraining factor for economic activity. Some argued that it might become necessary to signal this possibility in an upcoming statement. The minutes show a Fed that was confident in its outlook that the economy would recover from...

Bank of England Holds Key Interest Rate at 0.5% in 7-2 Vote
Thursday, 22 March 2018 19:24 WIB | BOE

The Bank of England on Thursday left its key interest rate at 0.5%, meeting widely held expectations. The Monetary Policy Committee voted 7-2 to make no changes in policy, a decision that comes as inflation has slowed to a 2.7% rate but is still above the bank's 2% target. "The firming of shorter-term measures of wage growth in recent quarters and a range of survey indicators suggest pay growth will rise further in response to the tightening labour market. This provides increasing confidence that growth in wages and unit labour costs will pick up to target-consistent rates," the bank said...

Fed lifts rates in Powel's first meeting, says economic outlook has strengthened
Thursday, 22 March 2018 01:40 WIB | Federal Reserve The Fed

The Federal Reserve on Wednesday lifted a key U.S. interest rates as expected and was upbeat about the road ahead, saying the economic outlook had strengthened despite some slowdown in the first quarter. In the first meeting of Fed Chairman Jerome Powell, the central bank avoided sending any overtly hawkish signal about its interest-rate policy. The Fed stuck to its December forecast of three interest-rate hikes this year. The central bankers did push up their expected rate path in 2019 and 2020. As widely expected, the Fed raised its benchmark federal-funds rate by a quarter percentage...