In remarks prepared for delivery to the Joint Economic Committee of Congress on Wednesday, Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, will reiterate that the baseline outlook for the US economy remains favourable and say that the monetary policy is likely to remain appropriate as long as incoming data broadly remains consistent with the Fed's economic outlook. These remarks don't seem to be having a noticeable impact on the greenback's valuation with the US Dollar Index clinging to modest daily gains above the 98.30 mark. Below are some additional...

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Following its 2-day meeting, the Federal Open Market Committee announced that it lowered the benchmark interest rate by 25 basis points to the target range of 2% - 2.25% in a widely expected decision. Jerome Powell, Chair of the Board of Governors of the Federal Reserve System, is scheduled to deliver his comments on the monetary policy in a press conference at 18:30 GMT. With the initial...

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 -0.1%. Central bank leaves forward guidance and asset purchases unchanged. About 81% of 47 economists surveyed by Bloomberg saw the BOJ sticking with its current policy settings at this meeting, while 19% had predicted additional...

The European Central Bank on Thursday made clear it stands ready to cut rates and deliver "highly accommodative" monetary policy, including additional asset purchases, in its effort to push stubbornly low inflation back toward its target amid signs of deteriorating economic conditions in the eurozone. However, investors appeared to take the statement and subsequent remarks by European Central...

At its monetary policy meeting held today, the Governing Council of the European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.40%, respectively. Attention now turns to ECB President Mario Draghi's press conference at 12:30 GMT. With the...

Australias central bank chief Philip Lowe said hes ready to ease policy further if his recent back-to-back cuts fail to revive economic growth and flagged œan extended period of low interest rates. Lowe said in the text of a speech in Sydney Thursday that it could turn out that a combination of the consecutive rate reductions, tax cuts, higher commodity prices, a...

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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