Sunday, 22 September 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Carney Says No-Deal Brexit Would Probably Lead to BOE Easing
Saturday, 24 August 2019 03:44 WIB | FISCAL & MONETARY |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 Committee™s 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 deal for a transition period. The perceived risk of leaving without new arrangements has increased, Carney noted, but he also said reaching an agreement was still possible and that it is the stated preference of both the U.K. and EU.

The U.K. economy is now roughly in equilibrium, but global trade tensions and Brexit are œtwo large, volatile forces that could upset the balance. Weak business investment is the biggest headwind to growth, he said.

œThere is overwhelming evidence that this is a direct result of uncertainties over the U.K.™s future trading relationship with the EU, he said. œIt serves as a warning to others of the potential impact of persistent trade tensions on global business confidence and activity.

Source : Bloomberg

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

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 bill...

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

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...

BOJ keeps policy steady, signals chance of easing in October...
Thursday, 19 September 2019 10:47 WIB

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 st...

Fed Makes Second Straight Rate Cut, Splits on Further Action...
Thursday, 19 September 2019 01:20 WIB

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...

RBA Sees Risk of Property-Price Spike as House-Building Dwindles...
Tuesday, 17 September 2019 09:03 WIB

Australia's central bank said there's potential for an upswing in home prices as dwelling construction weakens, while reiterating it's prepared to lower interest rates further. In minutes of its Sept...

LATEST NEWS
Hong Kong Stocks Close Down

Hong Kong stocks ended the week with another loss Friday as investors fret over the impact of weeks of sometimes violent protests on the city's economy. The Hang Seng Index slipped 0.13 percent, or 33.28 points, to 26,435.67. The benchmark...

Wall Street Falls as Trade Optimism Fizzles

Wall Street dropped on Friday after a Chinese agriculture delegation canceled a planned visit to Montana next week, dampening optimism about U.S.-China trade talks. The Dow Jones Industrial Average fell 160.19 points, or 0.59%, to 26,934.6, the...

U.S. Oil Prices Up 6% For The Week, Biggest Weekly Gain in 3 Months

Oil futures ended lower on Friday, but tallied a gain of almost 6% for the week, the largest such rise in three months. As the Saudis reveal the extent of damages from the attacks on oil facilities last weekend, "the market mood has shifted to...

POPULAR NEWS
Gold Marks First Loss in 4 Sessions
Friday, 20 September 2019 01:13 WIB

Gold futures settled with a loss on Thursday, their first in four sessions, a day after the Federal Reserve announced a widely expected cut in...

Hong Kong Stocks End With Fresh Losses
Friday, 20 September 2019 03:36 WIB

Hong Kong stocks fell for a fourth day in a row Thursday after the Federal Reserve cut interest rates but investors were left guessing about the...

Gold Stands Tall Above $1,500 After Fed as Palladium Hits Record
Friday, 20 September 2019 16:00 WIB

Gold headed for the first weekly advance in four as mounting economic headwinds and monetary easing stayed in focus after this week's mixed...

Gold Futures Score First Weekly Gain in a Month
Saturday, 21 September 2019 01:24 WIB

Gold futures climbed Friday to tally a gain for the week, the first in four weeks, as geopolitical tensions remained high, boosting haven demand for...