Australia's central bank is focused on the jobs market and said it will adjust policy if needed to support economic growth and keep inflation on track to return to target. In minutes of its July 2 meeting, when it cut interest rates for a second month to a record-low 1%, the Reserve Bank noted wages growth remained low overall and œspare capacity was likely to remain in the labor market for some time. The easing would œpromote stronger overall economic conditions, it said Tuesday. œThe extent of spare capacity in the economy, and the likely pace at which it would be absorbed,...
The European Central Bank on Thursday left interest rates unchanged, as expected, repeating that they will remain at current levels at least through summer. The ECB also said it would continue to reinvest principal payments from maturing debt held on its balance sheet for an extended period past the date when it does begin to raise interest rates. The spotlight will be on ECB President Mario Draghi's news conference, set to begin at 8:30 a.m. Eastern, or 2:30 p.m. Central European Time. Source: Marketwatch
The Bank of Japan left its policy unchanged as it cut its inflation outlook once again, underscoring how far away its price target is and how few options the central bank has for drawing closer. The BOJ maintained its yield curve-control program and asset purchases, the central bank said in a statement Wednesday, a result predicted by all but one of 50 economists surveyed by Bloomberg. The bank lowered its inflation forecast for a fourth consecutive time in its quarterly outlook report. With the European Central Bank meeting on Thursday and the Federal Reserve next week, the gap...
Soft economic data underline the continued need for European Central Bank stimulus, according to President Mario Draghi. œRecent economic developments have been weaker than expected and uncertainties, notably related to global factors, remain prominent, Draghi told members of the European Parliament in Strasbourg. œA significant amount of monetary-policy stimulus is still needed to support the further build-up of domestic price pressures and headline inflation developments over the medium term. The euro fell after the speech was published and was down 0.6 percent...
Federal Reserve Chairman Jerome Powell said the U.S. central bank can be patient before adjusting interest rates again as it waits to see how global risks impact the domestic economy. œWere in a place where we can be patient and flexible and wait and see what does evolve, and I think for the meantime were waiting and watching, Powell said in a question-and-answer session Thursday at the Economic Club of Washington, D.C. œYou should anticipate that were going to be patient and watching, and waiting and seeing. U.S. stocks turned lower after Powell said the...
Beberapa pejabat Federal Reserve menginginkan bank sentral untuk mempertahankan kebijakan pada Desember di tengah kenaikan volatilitas pasar keuangan, menurut risalah pertemuan kebijakan Desember mereka yang dirilis Rabu ini. FOMC memilih dengan suara bulat untuk menaikkan suku bunga seperempat poin menjadi 2,25% -2,5%, tetapi risalah menunjukkan beberapa perbedaan pendapat yang mendukung jeda. Ke depan, "banyak" pejabat mengatakan FOMC bisa "bersabar" tentang kebijakan lebih lanjut, kata berita acara. Secara umum, pejabat menilai bahwa "pengetatan tambahan dalam jumlah yang relatif...
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...
Federal Reserve Chairman Jerome Powell on Tuesday suggested an interest-rate cut in July, widely expected by investors and economists, is not a done deal.
While greater uncertainty about trade and...