Federal Reserve Chairman Jerome Powell repeated the case he's laid out for raising interest rates to keep the world's largest economy on a sustainable path, citing broad support among his colleagues at the U.S. central bank. 'With unemployment low and expected to decline further, inflation close to our objective, and the risks to the outlook roughly balanced, the case for continued gradual increases in the federal funds rate is strong,' he said in opening remarks Wednesday at a European Central Bank forum in Sintra, Portugal. His comments come a week after the Fed raised rates...

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ECB's 'enhanced forward guidance clearly signals that we will remain patient in determining the timing of the first rate rise and will take a gradual approach to adjusting policy thereafter,' ECB President Mario Draghi says in speech at ECB Forum in Sintra, Portugal. œAfter the end of net asset purchases, the main tool for shaping our policy stance will become the path of our key policy rates...

The Bank of Japan left monetary policy unchanged even as it downgraded its assessment of inflation, falling further behind its global peers at the end of a busy week for central banks. The BOJ maintained the settings on its yield-curve control program and asset purchases, it said in a statement Friday, a result forecast by all 45 economistssurveyed by Bloomberg. The central bank...

The European Central Bank on Thursday said it would look to wind down its bond-buying program by the end of the year. The ECB, in a statement following a meeting of the Governing Council, said it would continue its program of buying 30 billion euros a month of bonds through September, as planned. Beginning in October, the ECB plans to reduce its purchases to 15 billion euros a month through the...

The Federal Reserve on Wednesday voted to raise its benchmark federal-funds rate by a quarter-percentage point to a range of 1.75% and 2% and said it expected to raise rates four times this year, up from a forecast of three in March. The move did not reflect a major shift in the Feds thinking. The œdot-plot shows only one official switched to a slightly higher interest-rate path. And...

Federal Reserve Chairman Jerome Powell said central banks shouldn't take their independence for granted at a time when trust in public institutions is at "historic lows," requiring extra effort to explain both their monetary and regulatory policies. "This is a challenging moment for central banking," Powell said in the text of a speech prepared for delivery Friday in Stockholm. It is...

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
BOJ Keeps Policy Unchanged, Downgrades Assessment of Inflation
Friday, 15 June 2018 10:01 WIB The Bank of Japan left monetary policy unchanged even as it downgraded its assessment of inflation, falling further behind its global...

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