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

The Federal Reserve on Wednesday left unchanged a key U.S. interest rate that influences the cost of borrowing for mortgages and all sorts of consumer and business loans, noting a recent decline in inflation even as the economy continues to grow "at a solid rate." In a unanimous vote, the Fed kept its benchmark interest rate in a range of 2.25% to 2.5%. Senior officials sounded more upbeat...

On Thursday, the Bank of Japan (BOJ) concluded its 2-day April monetary policy review meeting and made no changes to its monetary policy settings, holding rates at -10bps while maintaining 10yr JGB yield target at 0.00%. The BOJ vote was 8 to 1, leaving its pledge to buy JGBs unchanged so that its holdings increase at an annual pace of around 80 trln yen. The decision on maintaining its...

The Federal Reserves decision in March to cease raising interest rates this year was driven by unease over the U.S. and global economies and surprisingly subdued inflation, according to minutes of the pivotal central bank meeting. Last month the Fed junked previous plans to raise a key short-term U.S. interest twice more this year. Instead, Chairman Jerome Powell reiterated the Fed would...

European Central Bank President Mario Draghi warned that the euro-area economy faces agglomerating risks including Brexit and the danger that trade protectionism could hurt confidence. Draghi said recent figures confirm a œslowing growth momentum as global issues dent sentiment. He added that the ECB will consider whether it needs to mitigate any of the side-effects from its...

ECB Keeps Policy, Rate Guidance Unchanged

Wednesday, 10 April 2019 19:01 WIB

The European Central Bank kept its policy unchanged as expected on Wednesday, maintaining interest rates at record lows and keeping its guidance for steady interest rates this year despite a sharp slowdown in economic growth. With the economy and inflation both slowing, the ECB has already backtracked on its plans to tighten policy this year, unveiling instead even more stimulus to prop up an...

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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