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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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...

In a widely expected decision, the Bank of England's Monetary Policy Committee held the policy rate unchanged at 0.75% with a unanimous vote. The asset purchase facility remained steady at €435 billion as well. Below are some key takeaways from the monetary policy statement. Since the Committees previous meeting, the news in economic data has been mixed, but the MPC's February Inflation...

Federal Reserve officials, seeing slower growth and softer inflation ahead, said Wednesday they dont expect to hike interest rates much at all over the next three years. The new median forecast of Fed officials in the œdot-plot graph was for no more interest-rate hike this year. The central bankers see one move in 2020. The prior Fed forecast was for two rate hikes this year and then...

Reuters reported that the Federal Reserve Chair Jerome Powell said the Fed doesnt see problems in the U.S. economy that warrant an immediate change in its policy and it will be careful not to shock financial markets as it stabilizes its bond portfolio. As per the news report, the Fed Chair appeared for a speech at the Stanford University during late-Friday and said, œWith nothing in the...

The European Central Bank changed tack on its tightening plan on Thursday, pushing out the timing of its first post-crisis rate hike until 2020 at the earliest and offering banks a new round of cheap loans to help revive the euro zone economy. The bolder-than-expected move came as the U.S. Federal Reserve and other central banks around the world are also holding back on rate hikes. It...

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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