Saturday, 30 May 2020
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Friday, 29 May 2020 22:56 WIB

Federal Reserve Chairman Jerome Powell said the central bank's long-awaited program to lend to small- and medium-sized businesses is about to get off the ground. The Main Street lending facility, which will target companies with up to 15,000 employees, has been difficult to set up but is just about ready, Powell told Princeton University economist and former Fed official Alan Blinder in a webinar interview Friday. "We're days away from making our first loans in Main Street, he said. "We have three facilities that are part of it. They're meant to reach out to different parts of that...

RECENT NEWS
Fed officials more upbeat about the economic outlook this year, minutes show
Thursday, 20 February 2020 02:35 WIB | Fiskal & Moneter

Federal Reserve officials and the central banks staff said the U.S. economy seemed stronger in late January than they had expected, according to minutes of their late-January meeting released Wednesday. The risks to the outlook were more favorable than had appeared at their meeting in mid-December. There were concerns expressed during their discussions about the threat of the coronavirus outbreak in China, and also of tensions in the Middle East. The Fed staffs projection for U.S. GDP growth was stronger at the January meeting than in the previous forecast. The staff also said that...

RBA Reviewed Case for Further Rate Cut, Worried About Borrowing
Tuesday, 18 February 2020 08:02 WIB | Bank Sentral Australia, RBA

Australias central bank reviewed the case for a further interest-rate cut, but decided against it in order to avoid encouraging additional borrowing as house prices climb, minutes of its Feb. 4 meeting in Sydney showed. The Reserve Bank also expects the coronavirus outbreak to œsubtract from growth in exports over the first half of 2020, the minutes released Tuesday showed. It acknowledged it was œdifficult to assess potential indirect effects on activity from the epidemic and devastating wildfires over summer as data were yet to be published. Yet while maintaining...

Fed Chair Powell: Ready to use QE, guidance “aggressively” in a downturn, USD stable
Wednesday, 12 February 2020 22:41 WIB | Federal Reserve

Jerome Powell, Chairman of the Federal Reserve, has said that the bank is ready to use Quantitative Easing (QE) and also forward guidance "aggressively" in a downturn. Powell is testifying before the Senate's Banking Committee in Washington. The US dollar has been edging higher alonside higher bond yields. He added that the US spending on healthcare is excessive and that he would be concerned about the level of US debt “ that needs to grow at a slower pace than the economy. Housing affordability is also an issue despite it doing better. On trade, the central banker has said that lower...

Carney Speech: Low Interest Rate Environment Adds to Government's Fiscal Capacity
Tuesday, 11 February 2020 23:02 WIB | Mark Carney, BOE

The low interest rate environment adds to the government's fiscal policy, Bank of England (BoE) Governor Mark Carney said on Tuesday in his speech before the Economic Affairs Committee. "Low interest rate environment is putting some pressure on UK bank margins but should be kept in perspective," Carney added. "Public infrastructure and corporate investment will be necessary to get the UK out of low growth, low interest rate environment," Carney further explained. The British pound weakened slightly against its major rivals in the last minutes and the GBP/USD pair was last seen trading at...

Lagarde speech: Inflation Remains Some Distance Below Our Medium-Term Aim
Tuesday, 11 February 2020 21:25 WIB | ECB Lagarde

The growth momentum of the euro area has been slowing down since 2018 dur to global uncertainties and weaker international trade, European Central Bank (ECB) President Christine Lagarde said in her prepared remarks at the European Parliament's plenary session. "Moderating growth has also weakened pressure on prices, and inflation remains some distance below our medium-term aim," Lagarde added. The EUR/USD pair largely ignored these comments and was last seen trading at 1.0907, down 0.02% on a daily basis. Key takeaways "Monetary policy cannot, and should not, be the only game in...

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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...