The voting members of the Federal Open Market Committee seemed comfortable with their patient stance on interest rate, agreeing it could last for "some time," according to minutes of their April 30- May 1 meeting released Wednesday. Even if global economic and financial conditions improve, a wait-and-see approach was warranted, the officials said. Officials were split on the outlook for interest rates. A few officials said there might be a need for higher rates if the economy evolves as they thought. But others thought higher productivity might mean there was more economic slack than the...

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Bank of England Gov. Mark Carney signaled Tuesday that he is willing to stay on as head of the U.K. central bank after his term ends next year. In testimony to U.K. lawmakers, Carney said he discussed the possibility of extending his tenure with Treasury chief Philip Hammond, adding that he expects an announcement on the subject to be made soon. œI am willing to do whatever else I can in...

Australia kept interest rates at a record low Tuesday, as it has for the past two years, while a currency sliding toward 70 U.S. cents offers the prospect of additional stimulus for the economy. As expected, Reserve Bank Governor Philip Lowe left the cash rate at 1.5 percent, a stance he expects will eventually tighten the labor market and spur enough wage growth to speed up...

Federal Reserve Chairman Jerome Powell endorses further, gradual increases in interest rates, saying that strategy is the best way to steer between the risks of doing too much and harming the economy or doing too little and letting it overheat. œI see the current path of gradually raising interest rates as the FOMCs approach to taking seriously both of these risks, he says in text of...

Minutes of the Federal Reserve's last meeting released Wednesday signaled broad support for another interest-rate hike in September with the economy growing strongly, but also deep concern that a major escalation in ongoing trade disputes could derail the economy. Many Fed officials said that if data continue to support their outlook, œit would likely soon be appropriate to take another step...

Australia's central bank sketched out a scenario where faster global growth and U.S. stimulus withdrawal push the Aussie dollar lower and underpin a stronger outlook Down Under. In minutes of their Aug. 7 meeting released in Sydney Tuesday, policy makers also noted that while the direct impact of trade protectionism was likely to be small, the risk to investment and...

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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