The European Central Bank cut interest rates further below zero and said it™ll resume bond purchases as President Mario Draghi overcame critics of his stimulus policies to make a final run at reflating the euro-area economy. The Governing Council reduced the deposit rate to minus 0.5% from minus 0.4%, and will buy debt at 20 billion euros ($22 billion) a month starting Nov. 1. Banks will get exemptions from the negative rate for some of their deposits after an outcry from lenders about the squeeze on profitability. Draghi will hold a press conference at 2:30 p.m. in...

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Federal Reserve Chairman Jerome Powell said Friday afternoon that the most recent monthly gauge of the U.S. labor market fit into an overall picture of a healthy jobs market and economy. In a question-and-answer session in Zurich, Powell said the outlook for the economy remains favorable, describing the future as one likely to reflect continued moderate economic expansion. Powell said the...

While testifying before the Treasury Committee as part of the Bank of England (BOE) inflation report hearings, Governor Mark Carney said that their worst-case Brexit scenario was less severe than last year's forecast and added that the worst-case Brexit outcome was now expected to cause a 5.5% drop in the real gross domestic product (GDP) compared to 8% previously estimated. The GBP/USD pair...

David Plank, head of Australian economics at ANZ, explains that as expected by almost all commentators the RBA Board left the cash rate at 1% following its September meeting. Key Quotes œWe think the RBA will ease again before the end of the year, but the data since the last meeting clearly did not reach the threshold of an œaccumulation of additional evidence that the Bank has set as...

A collapse of Brexit talks resulting in the U.K. leaving the European Union without a transition agreement would likely prompt the Bank of England to loosen monetary policy, Governor Mark Carney said. While the Monetary Policy Committees reaction would depend on how demand, supply and the exchange rate are hit, œthe appropriate policy path would be more likely to ease than...

The U.S. economy is in a "favorable place" and the Federal Reserve will "act as appropriate" to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not. The chair, under pressure from President Donald Trump to cut rates soon and deeply, listed a series of...

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
BOJ Maintains Key Interest Rates and Forward Guidance
Tuesday, 30 July 2019 10:06 WIB Bank of Japan maintains 10-year JGB yield target at about zero percent after ending a two-day meeting on Tuesday. Keeps policy balance rate at...

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