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After raising the interest rates on March 15 to range of 0.75-1.0%, FED stays on hold today with no changes in policy. The FOMC statement for the May 2017 meeting Federal Reserve issues FOMC statement Information received since the Federal Open Market Committee met in March indicates that the labor market has continued to strengthen even as growth in economic activity
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As expected, the Reserve Bank of Australia decided to stay with cash rate at 1.5%. Here is the full statement of Governor Philip Lowe and Monetary policy decision: At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. There has been a broad-based pick-up in the global economy since last year. Labour markets
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On 28 April 2017, the Bank of Russia Board of Directors decided to reducethe key rate to 9.25% per annum (9.75% previous). The Board notes that inflation is moving towards the target, inflation expectations are still declining and economic activity is recovering. At the same time, inflation risks remain in place. Given the moderately tight monetary policy, the 4% inflation target will be achieved before the end of 2017 and will be maintained
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ECB decided to to stay on hold with all key interest rates. Main refinancing rate 0.0% Deposit rate -0.4% Marginal lending rate 0.25% QE €60bn per month vs €80bn prior PRESS RELEASE 27 April 2017 At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal
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Bank of Japan maintains short-term interest rate target at -0.1% and 10-year JGB yield target around 0.0%. Leaves unchanged pledge to buy JGBs more or less at current pace so its holdings increase at annual pace of around 80 Trl ¥. Current economic outlook Japan real GDP expected +1.6% in fiscal year 2017/18 vs +1.5% projected in January real GDP expected
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The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Global economic growth is strengthening and becoming more broadly-based than the Bank had expected in its JanuaryMonetary Policy Report (MPR), although there is still
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As expected, the RBA hold key interest rates at 1.5%. Here is the RBA Governor Lowe’s statement, full text: At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Conditions in the global economy have improved over recent months. Both global trade and industrial production have picked up. Labour markets have tightened in many countries. Above-trend
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The Reserve Bank of New Zealand left the Official Cash Rate (OCR) unchanged at 1.75%. Statement by Reserve Bank Governor Wheeler: Macroeconomic indicators in advanced economies have been positive over the past two months. However, major challenges remain with on-going surplus capacity in the global economy and extensive geo-political uncertainty. Global headline inflation has increased, partly due to a rise
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Prior was 0.50%-0.75% Policy to support sustained return to 2% inflation Repeats labor market strengthening, job gains solid Business investment appears to have firmed somewhat Rate hikes to be ‘gradual’, that’s a small change from ‘only gradual’ previously Repeats that near-term risks to outlook ‘roughly balanced’ Excluding food and energy, inflation is still below 2% FOMC Statement from the Federal Reserve
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ECB decided to to stay on hold with all key ineterest rates. main refinance rate 0.0% as prev marginal lending facility 0.25% as prev deposit facility rate -0.4% as prev QE asset purchase target EUR 80bln asset purchases will be 60bln from Apr- Dec ECB’s Draghi statement QE will run until the ECB see a sustained pickup in inflation numbers. QE to
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The Federal Reserve increased its key interest rate by 0.25% on Wednesday. It signified the Fed’s confidence in the improving U.S. economy. Rising rates will affect millions of Americans, including home buyers, savers and investors. Fed officials raised its target for short-term interest rates by 0.25 percentage points to a range of 0.50% and 0.75%. It was just the second
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The European central bank is expected to keep both interest and deposit rates unchanged at 0.0% and -0.4% respectively, while it is also expected to review its bond buying program. The current QE program is due to end by March 2017 and the market is widely expected ECB to extend it, but investors are divided whether should expect ECB to decrease
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The picture speaks a thousand words, right!? Well, this is the best way from me to describe what happend in the market on November 08./09. and how the market reacted on US presidential election results. At first, everybody tought, yes I was right about development if Trump wins, buy gold and Yen, sell stocks, but only a few hours latter,
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