The People Bank of China said it will cut the reserve-requirement ratio for some banks to reduce their funding costs and in turn help ease conditions for businesses and individuals. The 1 percentage point reduction takes effect April 25, the central bank said late Tuesday. About 900 billion yuan ($143 billion) of outstanding medium-term lending facility loans will be repaid on the day of the cut and another 400 billion yuan will be unleashed, it said in a statement. The PBOC said the reduction in funds required to be parked with it will apply to large commercial banks, joint-stock...

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Australia economy is this year expected to grow faster than its speed limit -- estimated at 2.75 percent by Treasury -- with inflation just above the bottom of its target, the central bank said in minutes of its April policy meeting.  Reserve Bank of Australia says it's more likely the next move in the cash rate will be up rather than down. Given lowering unemployment and returning...

European Central Bank officials warned at their March policy meeting that trade wars and a strengthening euro risked undermining the eurozone's economic recovery, underlining the ECB's caution as it prepares to phase out its large monetary stimulus. The minutes of the ECB's March 7 and 8 policy meeting, published on Thursday, suggest the world's number two central bank will move only gradually...

Minutes of the March 20-21 Federal Open Market Committee meeting released Wednesday show "all" participants saw some more interest-rate hikes as likely. Instead of discussing whether to hike rates, the debate centered more on how much tightening would be needed. "Several" Fed officials thought the Fed might have raise interest rates to a level that would act as a restraining factor for economic...

The Bank of England on Thursday left its key interest rate at 0.5%, meeting widely held expectations. The Monetary Policy Committee voted 7-2 to make no changes in policy, a decision that comes as inflation has slowed to a 2.7% rate but is still above the bank's 2% target. "The firming of shorter-term measures of wage growth in recent quarters and a range of survey indicators suggest pay growth...

The Federal Reserve on Wednesday lifted a key U.S. interest rates as expected and was upbeat about the road ahead, saying the economic outlook had strengthened despite some slowdown in the first quarter. In the first meeting of Fed Chairman Jerome Powell, the central bank avoided sending any overtly hawkish signal about its interest-rate policy. The Fed stuck to its December forecast of three...

FISCAL
Japan's Abe Announces Plans for 2 Trillion Yen Spending Package
Monday, 25 September 2017 15:27 WIB Japanese Prime Minister Shinzo Abe announced on Monday that he would seek to implement a 2 trillion yen ($18 billion) spending package to expand...
MONETARY
BOE Cuts Bank Capital Buffer as Brexit Vote Challenges Stability
Tuesday, 5 July 2016 17:00 WIB The Bank of England cut its capital requirements for U.K. banks and pledged to implement any other measures needed to shore up financial...

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