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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The U.S. Federal Reserve delivered an emergency half-percentage point interest rate cut Tuesday in a bid to protect the longest-ever economic expansion from the spreading coronavirus. œThe coronavirus poses evolving risks to economic activity, the Fed said in a statement. œIn light of these risks and in support of achieving its maximum employment and price stability goals, the Federal...

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 0.50%, as they weighed in the coronavirus outbreak risks. According to the latest Reuters poll, a majority of the 35 economists polled expected the central bank to maintain the status quo. RBA Interest Rate Decision is announced by the Reserve Bank...

Federal Reserve officials and the central banks staff said the U.S. economy seemed stronger in late January than they had expected, according to minutes of their late-January meeting released Wednesday. The risks to the outlook were more favorable than had appeared at their meeting in mid-December. There were concerns expressed during their discussions about the threat of the coronavirus...

Australias central bank reviewed the case for a further interest-rate cut, but decided against it in order to avoid encouraging additional borrowing as house prices climb, minutes of its Feb. 4 meeting in Sydney showed. The Reserve Bank also expects the coronavirus outbreak to œsubtract from growth in exports over the first half of 2020, the minutes released Tuesday showed. It...

Jerome Powell, Chairman of the Federal Reserve, has said that the bank is ready to use Quantitative Easing (QE) and also forward guidance "aggressively" in a downturn. Powell is testifying before the Senate's Banking Committee in Washington. The US dollar has been edging higher alonside higher bond yields. He added that the US spending on healthcare is excessive and that he would be concerned...

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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