Minutes of the Jan. 30-31 Federal Open Market Committee meeting released Wednesday showed officials saw a stronger economy than at the end of 2017 and that more rate hikes were in the offing. The strengthening œincreased the likelihood that a gradual upward trajectory of the federal funds rate would be appropriate. To convey this message, officials altered their statement to point to œfurther gradual increases, according to the minutes. Markets have become worried that the Trump tax cuts would cause the labor market to overshoot full employment, leading to a higher wages and a...

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Minutes of the monetary policy meeting of the Reserve Bank of Australia board were released, and as widely expected, this was a non-market event considering how much has already been said from various officials over the last couple of week's and since the previous RBA meeting. Key statements as follows: Low rates helping reduce unemployment, lift inflation. Further progress on inflation...

At its first meeting of 2018, the Bank of England (BoE) Monetary Policy Committee (MPC) decided to keep the benchmark interest rate at 0.5% in a unanimous 9-0 vote. The Committee also decided unanimously to maintain its asset purchase facility at £435 billion and corporate bond target at £10 billion. Source : FX Street

Australia's central bank left interest rates unchanged for a record 16th meeting as a resurgent currency threatens to hurt exporters and further compress inflation. Reserve Bank of Australia chief Philip Lowe kept the cash rate unchanged at 1.5 percent Tuesday -- in line with market pricing and economists forecasts. The governor is cutting an increasingly isolated figure...

Federal Reserve officials, meeting for the last time under Chair Janet Yellen, left borrowing costs unchanged while adding emphasis to their plan for more hikes, setting the stage for an increase in March under her successor Jerome Powell. œThe committee expects that economic conditions will evolve in a manner that will warrant further gradual increases in the federal funds rate, the...

Mario Draghi expressed renewed conviction that the euro areas recovery will revive inflation, pushing the euro to the highest in more than three years despite his concurrent warning against sharp moves in the exchange rate. Improving economic momentum has œstrengthened further our confidence that inflation will converge to close to but below 2 percent, the European Central...

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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