Australia's central bank slashed its near-term growth outlook and is relying on persistent jobs market strength to cushion a property-driven downturn in household spending. The economy is expected to expand 1.75% in the year through June versus 2.5% seen three months earlier, and is then forecast to lift to 2.75% for the rest of the forecast period, the Reserve Bank said in Sydney Friday. It made substantial cuts to the outlook for consumption and dwelling investment despite all forecasts being premised on two cuts in the cash rate. œGrowth in the Australian economy has slowed and...

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The Bank of England warned that damage to the economy from Brexit has increased as it cut its growth forecast and predicted a dramatic slump in investment. As the U.K. approaches the March 29 deadline to leave the European Union without yet having a deal for a new relationship settled, businesses are slashing spending and consumers are growing more worried. The BOE said that...

The Federal Reserve on Wednesday left a key U.S. interest rate unchanged and dropped longstanding language that suggested more rate hikes are on the way, stressing it will be 'patient' before determining its next steps. The central bank also said it's prepared to "adjust any of of the details" of its balance-sheet runoff if necessary. The vote was 10-0. The Fed adopted its new stance in...

The euro zone economy has performed worse than expected in recent months and global uncertainty is weighing on economic sentiment, European Central Bank President Mario Draghi said on Monday, repeating the bank's recent warnings about growth. The ECB left policy on hold last week but warned that the bloc's growth dip may be bigger and longer than earlier feared, pointing to even more protracted...

European Central Bank President Mario Draghi on Thursday said the balance of risks surrounding the eurozone economic outlook have shifted to the downside. He blamed persistent uncertainties tied to "geopolitical factors" and the threat of protectionism as well as vulnerabilities in emerging markets and financial market volatility. Draghi in December had described risks as broadly balanced. The...

The European Central Bank on Thursday left interest rates unchanged, as expected, repeating that they will remain at current levels at least through summer. The ECB also said it would continue to reinvest principal payments from maturing debt held on its balance sheet for an extended period past the date when it does begin to raise interest rates. The spotlight will be on ECB President Mario...

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 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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