The European Central Bank, as expected, boosted the size of its Pandemic Emergency Purchase Program on Thursday. The ECB said the envelope for asset purchases was increased by 600 billion euros ($674.5 billion), to 1.35 billion euros. The program is now set to run through at least the end of June 2021, versus the end of 2020, while maturing principal payments from assets purchased under the plan will be reinvested until at least the end of 2022, the ECB said. The ECB left interest rates unchanged, with the deposit rate at -0.5% and the main refinancing rate at 0%. ECB President Christine...

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European Central Bank President Christine Lagarde on Thursday said the eurozone economy could contract between 5% and 12% in 2020, depending on the length and success of lockdowns aimed at containing the COVID-19 pandemic. Speaking in an online news conference following the ECB's policy meeting, Lagarde said the ECB's efforts had provided support to the economy, but called for coordinated...

The European Central Bank on Thursday, as expected, left interest rates unchanged, while further easing conditions for its existing targeted long-term refinancing operations, or TLTROs, and introducing a new program of non-targeted pandemic emergency longer-term refinancing operations, or PELTROs. The PELTROs consist of seven additional refinancing operations commencing in May 2020 and maturing...

The Federal Reserve painted a dour picture of current conditions and pledged Wednesday to continue its historically aggressive policy stance until it is comfortable that the U.S. economy is back on its feet. Following this weeks Federal Open Market Committee meeting, the central bank said it would maintain its current interest rate target between 0% and 0.25%. œThe ongoing public health...

The worst-case scenario of the staff of the Federal Reserve for the economy is no recovery until next year, according to minutes of the central bank's March 15 policy meeting released Wednesday. The staff told officials that there were two plausible scenarios for the U.S. economy grappling with the coronavirus. In one scenario, the U.S. economy would start to recover in the second half of the...

At its scheduled April monetary policy meeting held Tuesday, the Reserve Bank of Australia (RBA) maintains its official cash rate (OCR) at a record low of 0.25%, as widely expected. The RBA, at its emergency meeting on March 19 slashed the key rate by 25bps from 0.50% to 0.25% and announced a quantitative easing (QE) program to help the economy cushion the blow from the coronavirus...

FISCAL
Fed's Powell: 'Medical Metrics' Most Important Data for U.S. Economy Now: CBS
Monday, 18 May 2020 08:06 WIB The most important data for the U.S. economy right now are the "medical metrics around the coronavirus pandemic, Federal Reserve Chairman Jerome...
MONETARY
RBA cuts Official Cash Rate by 25 bps to 0.50%, AUD/USD jumps
Tuesday, 3 March 2020 10:38 WIB At its March monetary policy meeting on Tuesday, the Reserve Bank of Australia (RBA) cut its official cash rate (OCR) by 25bps to a record low of...

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