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Friday, 26 June 2020 15:19 WIB

European Central Bank (ECB) President Christine Lagarde, while presenting at an Online Summit organised by the European Business Leaders' Convention, said that we probably have passed the lowest point of the crisis. Additional quotes: Still cautious because of the second wave of infections. Economic recovery will be a complicated matter. Recovery will be incomplete, maybe transformational. We have to use all available policy levers on monetary and fiscal front. This crisis is worse than the 2008-09 financial crisis. The ECB mandate is the same i.e. focus on price stability. The comments...

RECENT NEWS
Draghi speech: We continue to stand ready to adjust all of our instruments
Monday, 23 September 2019 20:26 WIB | ECB Mario Draghi

In his introductory statement delivered at the hearing before the Committee on Economic and Monetary Affairs of the European Parliament, European Central Bank (ECB) President Draghi repeated that they continue to stand ready to adjust all of their instruments if warranted by the inflation outlook. The EUR/USD pair ignored Draghi's comments and was last seen trading at 1.0990, losing 0.25% on the day. Below are some additional takeaways, per Reuters. "We need a coherent economic strategy in the euro area that complements and enhances the effectiveness of the monetary policy." "Euro area...

Bank of England leaves policy rate unchanged at 0.75% as expected
Thursday, 19 September 2019 18:28 WIB | BOE

In a widely expected decision, the Bank of England's Monetary Policy Committee held the policy rate unchanged at 0.75% with a unanimous vote. The asset purchase facility remained steady at €435 billion as well. With the initial market reaction, the British pound weakened modestly and the GBP/USD pair was last seen trading at 1.2450, losing 0.15% on the day. Below are some key takeaways from the monetary policy statement, per Reuters. "Uk GDP growth of +0.2% in Q3 2019 (August Q3 forecast +0.3%)." "Staff forecast inflation will stay under 2% target for rest of 2019, due largely to base...

SNB leaves key rate unchanged at -0.75%, USD/CHF eases-off 3-month tops
Thursday, 19 September 2019 14:54 WIB | Monetary SNB,

At its September quarter monetary policy assessment held this Thursday, the Swiss National Bank (SNB) board members decided to leave the monetary policy settings unchanged. The SNB left the benchmark sight deposit rate unchanged at -0.75%. The central bank maintained the 3-Month Libor Target Range steady between -1.25% to -0.25%, as widely expected. In reaction to the SNB's status-quo, the Swiss Franc picked-up fresh bids, knocking-off USD/CHF from three-month tops of 0.9984 to 0.9950 levels. Source : Fxstreet

BOJ keeps policy steady, signals chance of easing in October
Thursday, 19 September 2019 10:47 WIB | Bank of Japan BOJ Monetary

The Bank of Japan kept monetary policy steady on Thursday but said it would re-examine economic and price developments more thoroughly at its next policy meeting, signalling the chance of expanding stimulus as early as October. As expected, the BOJ maintained its short-term interest rate target at -0.1% and a pledge to guide 10-year government bond yields under a policy dubbed yield curve control (YCC). Announcing its decision, the central bank said in a statement that it was becoming necessary to pay œcloser attention to the chance that the economy will lose sufficient momentum to...

Fed Makes Second Straight Rate Cut, Splits on Further Action
Thursday, 19 September 2019 01:20 WIB | Federal Reserve The Fed Ekonomi AS

Federal Reserve policy makers lowered their main interest rate for a second time this year while splitting over the need for further easing, caught between uncertainty over trade and global growth and a domestic economy that's holding up well. œ Although household spending has been rising at a strong pace, business fixed investment and exports have weakened, the Federal Open Market Committee said in a statement on Wednesday in Washington. Officials maintained their pledge to œact as appropriate to sustain the expansion.  Chairman Jerome Powell, under relentless...

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FISCAL
Fed's Powell: 'Medical Metrics' Most Important Data for U.S. Economy Now: CBS
Monday, 18 May 2020 08:06 WIB

The most important data for the U.S. economy right now are the "medical metrics around the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said Sunday night in broadcast remarks...

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...