Australia™s central bank held rates at all-time lows on Tuesday and sounded less gloomy as the economy gradually re-opens during what is likely to be the worst quarter since the Great Depression. The Reserve Bank of Australia (RBA) left rates at 0.25% at its monthly policy meeting in a widely expected decision, and said the œaccommodative approach will be maintained as long as it is required. In a short post-meeting statement Governor Philip Lowe said the RBA was prepared to scale up government bond purchases if needed to ensure three-year yields held around 25 basis...

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The most important data for the U.S. economy right now are the "medical metrics around the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said Sunday night in broadcast remarks where he outlined the likely need for three to six more months of government financial help for firms and families. In an interview with CBSs "60 Minutes news program, Powell repeatedly returned to...

Federal Reserve Chairman Jerome Powell said Wednesday that policymakers may have to use additional weapons to pull the country out of an economic mire that has cost at least 20 million jobs and caused œa level of pain that is hard to capture in words. While he did not specify what those measures are and where they would come from, Powell said the coronavirus has triggered a situation...

Australia's banks have deferred payments on at least A$200 billion ($130.12 billion) in loans as an economic shutdown to fight the novel coronavirus throws hundreds of thousands out of work and cripples household incomes. The Australian Banking Association on Friday said 100,000 loans had been deferred just in the last week, half of them mortgages, bringing total deferrals to 643,000. Data out...

The Bank of England held off from pumping further stimulus into Britains economy on Thursday but two of its nine policymakers voted for an increase in its bond-buying programme. The BoEs Monetary Policy Committee kept Bank Rate at its all-time low of 0.1% and left its target for bond-buying, most of it British government debt, at 645 billion pounds. Both decisions were in line the...

The U.S. Federal Reserve on Thursday said it was expanding the scope and eligibility of its soon-to-launch "Main Street Lending Program to reach a greater range of small- and medium-sized businesses seeking emergency financing to weather the disruption caused by the coronavirus pandemic. The Fed, which announced it was creating the program three weeks ago, said it was making the changes...

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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