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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
ECB Cuts Rates, Restarts QE to Fight Slowdown as Draghi Era Ends
Thursday, 12 September 2019 19:18 WIB | Bank Sentral Eropa ECB

The European Central Bank cut interest rates further below zero and said itll resume bond purchases as President Mario Draghi overcame critics of his stimulus policies to make a final run at reflating the euro-area economy. The Governing Council reduced the deposit rate to minus 0.5% from minus 0.4%, and will buy debt at 20 billion euros ($22 billion) a month starting Nov. 1. Banks will get exemptions from the negative rate for some of their deposits after an outcry from lenders about the squeeze on profitability. Draghi will hold a press conference at 2:30 p.m. in...

Powell says August job report is sign of continued strength in labor market, doesn't see a recession
Saturday, 7 September 2019 01:23 WIB | ECONOMIC

Federal Reserve Chairman Jerome Powell said Friday afternoon that the most recent monthly gauge of the U.S. labor market fit into an overall picture of a healthy jobs market and economy. In a question-and-answer session in Zurich, Powell said the outlook for the economy remains favorable, describing the future as one likely to reflect continued moderate economic expansion. Powell said the central bank is œnot forecasting or expecting a recession. Repeating his message from Jackson Hole, Wyoming, Powell said there are œsignificant downside risks facing the economy and said the...

Carney speech: Worst-case Brexit scenarios now less severe than 2018
Wednesday, 4 September 2019 20:51 WIB | Mark Carney, UK Inflation

While testifying before the Treasury Committee as part of the Bank of England (BOE) inflation report hearings, Governor Mark Carney said that their worst-case Brexit scenario was less severe than last year's forecast and added that the worst-case Brexit outcome was now expected to cause a 5.5% drop in the real gross domestic product (GDP) compared to 8% previously estimated. The GBP/USD pair largely ignored Carney's comments and is now consolidating its daily gains a little below the 1.22 handle, still adding around 100 pips on the day. Source : FXstreet

RBA broadens its watch -- ANZ
Tuesday, 3 September 2019 13:45 WIB | ekonomi Ekonomi Australia

David Plank, head of Australian economics at ANZ, explains that as expected by almost all commentators the RBA Board left the cash rate at 1% following its September meeting. Key Quotes œWe think the RBA will ease again before the end of the year, but the data since the last meeting clearly did not reach the threshold of an œaccumulation of additional evidence that the Bank has set as being needed to trigger another rate cut. œThis leaves us focused on changes to the statement to garner how the Banks thinking has evolved, particularly the final paragraph. œWe must...

Carney Says No-Deal Brexit Would Probably Lead to BOE Easing
Saturday, 24 August 2019 03:44 WIB | Mark Carney, Ekonomi inggris

A collapse of Brexit talks resulting in the U.K. leaving the European Union without a transition agreement would likely prompt the Bank of England to loosen monetary policy, Governor Mark Carney said. While the Monetary Policy Committees reaction would depend on how demand, supply and the exchange rate are hit, œthe appropriate policy path would be more likely to ease than not, Carney said in a speech at the Federal Reserve Symposium in Jackson Hole on Friday. Prime Minister Boris Johnson has vowed to take Britain out of the bloc on Oct. 31 with or without a...

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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...