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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
Fed Saw July Rate Cut as Insurance for Growth and Inflation
Thursday, 22 August 2019 01:24 WIB | Federal Reserve The Fed Ekonomi AS

Federal Reserve officials viewed their interest-rate cut last month as insurance against too-low inflation and the risk of a deeper slump in business investment stemming from uncertainty over President Donald Trumps trade war. œMembers who voted for the policy action sought to better position the overall stance of policy to help counter the effects on the outlook of weak global growth and trade policy uncertainty, insure against any further downside risks from those sources, and promote a faster return of inflation to the 2% target, according to minutes of the July 30-31 Federal...

Australia Central Bank Board Discussed Unconventional Policy at August Meeting
Tuesday, 20 August 2019 09:04 WIB | RBA Bank Sentral Australia,

Australia's central bank discussed unconventional monetary policies, including negative interest rates, at its August board meeting as it left the door ajar for further easing having already cut rates twice to 1%. Minutes of the Reserve Bank of Australia's (RBA) Aug.6 meeting showed it would consider further cuts to interest rates if it was needed to support growth and achieve its 2% to 3% inflation target. The RBA left interest rates at all-time lows earlier this month after easing by a quarter point in both June and July. Financial markets are fully priced for another rate cut to 0.75%...

RBA releases quarterly Statement on Monetary Policy: Repeating the same dovishness
Friday, 9 August 2019 08:55 WIB | RBA

The Reserve Bank of Australia has released its quarterly Statement on Monetary Policy. This follows a recent hold in interest rates and a brief statement that indicated fairly modest changes compared to May.  "The RBA's œcentral scenario is for the Australian economy to grow by around 2½ per cent over 2019 and 2¾ per cent over 2020. Inflation is expected to take longer to return to target, œa little under 2 per cent over 2020 and a little above 2 per cent over 2021," analysts at Westpac explained. "The Australian economy has been navigating a period of slow growth, with...

RBA Leaves Key Rate at 1% as Seen by All 31 Economists Surveyed
Tuesday, 6 August 2019 11:45 WIB | RBA

Reserve Bank of Australia holds key interest rate at record low of 1%, after cutting benchmark at each of prior two monthly meetings. RBA Governor Philip Lowe says in statement Tuesday: œIt is reasonable to expect that an extended period of low interest rates will be required in Australia to make progress in reducing unemployment and achieve more assured progress towards the inflation target. The Board will continue to monitor developments in the labor market closely and ease monetary policy further if needed to support sustainable growth in the economy and the achievement of the...

Carney Defends Bank of England Smooth Brexit Assumption
Thursday, 1 August 2019 19:47 WIB | Mark Carney,

Mark Carney defended the Bank of Englands assumption in its latest economic forecasts that Britain will avoid a no-deal Brexit, saying its still the governments official position to reach an agreement with the European Union. Speaking to reporters after the central bank left interest rates unchanged, Carney said that while the bank has prepared the financial system for a no-deal Brexit, thats different than assuming it to be the most likely outcome. That position puts the governor at odds with investors who are increasingly pricing in the possibility that the U.K. will...

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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...