The U.S. Federal Reserve held interest rates steady on Wednesday but signaled possible rate cuts of as much as half a percentage point over the remainder of this year, as it responded to increased economic uncertainty and a drop in expected inflation. The U.S. central bank said it œwill act as appropriate to sustain the economic expansion as it approaches the 10-year mark and dropped a promise to be œpatient in adjusting rates. Nearly half its policymakers now show a willingness to lower borrowing costs over the next six months. While new economic projections showed...

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While speaking at the policy panel at the European Central Bank (ECB) Forum on Central Banking in Sintra, Portugal, Bank of England Governor Mark Carney said that in exceptional circumstances, like Brexit, the Monetary Policy Committee (MPC) could extend the horizon over which it returns to the inflation target. Key quotes : Says his comments at ECB panel have no bearing on BoE policy...

ECB President Mario Draghi says risk outlook œremains tilted to the downside, and more stimulus will be needed if the outlook doesnt improve. Says interest-rate cuts and more QE are part of its arsenal. ECB has headroom for more asset purchases. œThe prolongation of risks has weighed on exports and in particular on manufacturing. In the absence of improvement, such that the...

Australia's central bank is likely to lower interest rates again to drive increased hiring and boost households' confidence that inflation will return to target. The Reserve Bank made the comment in minutes of its June 4 policy meeting, released in Sydney Tuesday, when it eased the cash rate to 1.25%, the first reduction in almost three years. œGiven the amount of spare capacity in the labor...

Swiss National Bank introduces new policy rate to replace three-month Libor band since future of Libor is uncertain. Keeps deposit rate unchanged at -0.75%, as forecast by economists in Bloomberg survey. SNB will remain active in FX market as necessary. Says CHF remains highly valued. Sees 2019 CPI at 0.6%, 2020 at 0.7%, 2021 at 1.1%. Source : Bloomberg

The European Central Bank (ECB) President Mario Draghi, via Reuters, delivering the opening address at the ECB conference on Central, Eastern, and South-Eastern European countries (CESEE), in Frankfurt. Global trade has faced headwinds in recent years. Institutional quality is still below the euro area average in almost all CEE economies. Economies need to find new ways to boost TFP growth...

FISCAL
No-Deal Brexit Riskiest For Financial Stability: BoE's Carney
Monday, 25 February 2019 18:17 WIB Bank of England Governor Mark Carney said on Monday that the possibility of Britain leaving the European Union next month without a transition deal...
MONETARY
Draghi's speech: Global trade has faced headwinds in recent years
Wednesday, 12 June 2019 15:38 WIB The European Central Bank (ECB) President Mario Draghi, via Reuters, delivering the opening address at the ECB conference on Central, Eastern, and...

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