Thursday, 09 April 2020
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Thursday, 9 April 2020 02:08 WIB

The worst-case scenario of the staff of the Federal Reserve for the economy is no recovery until next year, according to minutes of the central bank's March 15 policy meeting released Wednesday. The staff told officials that there were two plausible scenarios for the U.S. economy grappling with the coronavirus. In one scenario, the U.S. economy would start to recover in the second half of the year. The more adverse scenario was that the economy entered a recession with no significant rebound until next year. Facing this uncertainty, Fed officials responded by slashing interest rates to...

RECENT NEWS
Lagarde's ECB Keeps Policy Unchanged as Strategy Review Looms
Thursday, 12 December 2019 20:05 WIB | ECB Bank Sentral Eropa

The European Central Bank kept monetary stimulus unchanged at President Christine Lagardes first policy meeting, shifting the focus to when shell announce her review of the institutions strategy for safeguarding theeuro-zone economy. The ECB kept its deposit rate at a record-low minus 0.5%, and bond purchases at 20 billion euros ($22 billion) a month, sticking to a controversial package unveiled in September. Lagarde, who has said little on monetary policy since starting in November, will hold a press conference at 2:30 p.m. in Frankfurt. The president could...

Federal Reserve signals no rate hikes in 2020, just one in 2021
Thursday, 12 December 2019 02:20 WIB | The Fed Federal Reserve

The Federal Reserve left its benchmark interest rate unchanged and signaled no changes next year after its latest meeting to evaluate the economy. The Fed's so-called dot plot shows no rate hikes in 2020 and just one in 2021. The "current stance of monetary policy is appropriate to support sustained expansion of economic activity," the Fed said Wednesday. The U.S. appears to have stabilized at steady but slower rate of growth and inflation is still below the Fed's 2% target. The vote was unanimous to leave the short-term fed funds rate at a range of 1.5% to 1.75%. Source : MarketWatch

Australia Holds Rate as RBA Waits for Past Cuts to Flow Through
Tuesday, 3 December 2019 10:56 WIB | Ekonomi Australia

Australias central bank kept interest rates unchanged as it waits for three cuts since June to flow through to areas of the economy beyond the property market. Reserve Bank Governor Philip Lowe and his board kept the cash rate at 0.75% Tuesday, in line with expectations of economists and money markets. He will want to hold onto his remaining conventional ammunition -- estimated at two more cuts -- and monitor the impact of earlier easing and recent government tax rebates. The RBAs final meeting of the year sees policy makers no closer to reviving wages growth and...

ECB's Lagarde: Euro area growth remains weak due to global factors
Monday, 2 December 2019 21:20 WIB | Lagarde ECB

The European Central Bank (ECB) President Christine Lagarde, testifying before the European Parliament this Monday, said that the region's economic growth remains weak and this weakness has been mainly due to global factors. The world economic outlook remains sluggish and uncertain. Consumption has held up fairly well. I can assure you that the EC is ambitious to do and to play its part in accordance with its mandate. Source : FXstreet

BOJ's Kuroda: Mix of fiscal and monetary policy is standard way of dealing with economy
Thursday, 28 November 2019 13:01 WIB | Kuroda, BOJ

Spending for disaster relief, concern over impact of global slowdown in Japan's economy should be better addressed by govt with fiscal, structural policies. Fiscal space for japanese government is somewhat limited so wise spending is required. Policy coordination between govt, BOJ is probably necessary. YCC, which intends to maintain short- and long-term rates quite low, would make fiscal policy even more effective. Mix of fiscal and monetary policy is standard way of dealing with economy. Our monetary policy will continue to be guided by our major objective, which is to achieve price...

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FISCAL
No-Deal Brexit Riskiest For Financial Stability: BoE's Carney
Monday, 25 February 2019 18:17 WIB

Bank of England Governor Mark Carney said on Monday that the possibility of Britain leaving the European Union next month without a transition deal ranked as the riskiest Brexit scenario for the...

MONETARY
RBA cuts Official Cash Rate by 25 bps to 0.50%, AUD/USD jumps
Tuesday, 3 March 2020 10:38 WIB

At its March monetary policy meeting on Tuesday, the Reserve Bank of Australia (RBA) cut its official cash rate (OCR) by 25bps to a record low of 0.50%, as they weighed in the coronavirus outbreak...