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 Committee™s reaction would depend on how demand, supply and the exchange rate are hit, œthe appropriate policy path would be more likely to ease than not, Carney said in a speech at the Federal Reserve Symposium in Jackson Hole on Friday. Prime Minister Boris Johnson has vowed to take Britain out of the bloc on Oct. 31 with or without a...

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RECENT NEWS

Australia left its key interest rate unchanged at a record low Tuesday as the currencys recent decline aids the economy by offering exporters some insulation against global trade ructions. Reserve Bank Governor Philip Lowe kept the cash rate at 1.5 percent, as expected by all economists and where its stood since August 2016. The Australian dollar this week dropped to...

The European Central Bank said the risks to the world's economy from a widespread rise in protectionism could be 'significant.' The Frankfurt-based institution warned in its Economic Bulletin on Thursday that global growth -- already forecast to slow as many advanced economies approach capacity constraints -- might take an additional hit from recent threats to trade. œThe balance...

Bank of England Chief Economist Andy Haldane unexpectedly threw his support behind an immediate interest-rate increase, defying the majority of policy makers who voted to keep the rate unchanged. The Monetary Policy Committee held bank rate at 0.5 percent, as predicted by all 61 economists in a Bloomberg survey. But in a surprise a 6-3 vote, Haldane joined Ian...

SNB Keeps Sight Deposit Rate at -0.75%

Thursday, 21 June 2018 14:40 WIB

Swiss National Bank left the key interest rate unchanged at -0.75% Decision on sight deposit rate was expected; Bloomberg survey median: -0.75% All 20 economists forecast the key interest rate at -0.75% Since Bloomberg started surveys for the rate decision in September 2004 there have been a total of 56 rate decisions by the bank for which surveys were conducted. In all cases the survey has...

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...

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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