Australia's central bank said there's potential for an upswing in home prices as dwelling construction weakens, while reiterating it's prepared to lower interest rates further. In minutes of its Sept. 3 policy meeting released in Sydney Tuesday, the Reserve Bank also noted that "the upward trend in wages growth appeared to have stalled" and that forward-looking indicators suggested employment growth would moderate over the next six months. It kept the cash rate unchanged at 1% after back-to-back cuts in June and July. Policy makers reaffirmed that they see an œextended period of low...

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The Reserve Bank of Australia left its key rate unchanged at a record low Tuesday as it gauges the impact of a housing market slowdown on the nation's economy. Governor Philip Lowe and his board left the cash at 1.5 percent, as expected and as they have since August 2016. œGrowth in household income remains low, debt levels are high and some asset prices have declined, he said...

Almost every member of the Federal Open Market Committee was on board with lifting interest rates "fairly soon" so long as job market and inflation data came in line with expectations, minutes of the two-day Fed meeting ending Nov. 8 released Thursday show. That's consistent with market expectations of an interest-rate hike at the Fed's December meeting. There appears to be the beginning of a...

Federal Reserve Chairman Jerome Powell on Wednesday used a softer tone to describe where interest-rate policy presently is, in what could be construed as implying fewer interest rate hikes to come. œInterest rates are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for the economy--that is, neither speeding up nor...

European Central Bank President Mario Draghi on Friday reaffirmed plans to dial back stimulus at the end of the year but also voiced caution about the growth outlook, warning that the pick up in inflation may be slower than earlier expected. 'If firms start to become more uncertain about the growth and inflation outlook, the squeeze on margins could prove more persistent,' Draghi told a banking...

Federal Reserve Chairman Jerome Powell on Wednesday night used a conversation with the president of the Dallas Fed to communicate optimism about the U.S. economy even as he acknowledged potential headwinds, particularly from abroad. Powell was answering questions posed to him by Dallas Fed President Rob Kaplan, as well as from the audience. With near-universal expectations of another...

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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