Central banks news

(BOC) Bank of Canada Increases Overnight Rate Target to 1 1/4 Per cent

The Bank of Canada today increased its target for the overnight rate to 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent. Recent data have been strong, inflation ...
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Hawkish ECB Signals To Revisit Forward Guidance As Recovery Pace Accelerates

The December minutes turned out more hawkish than expected. While the policymakers generally judged that the existing monetary policy remained ‘appropriate’. They also agreed that the forward guidance might warrant some adjustments as the pace economic recovery accelerated. The minutes ...
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BOJ Trimmed JGBs Purchase, Aiming At Yield Curve Steepening Instead Of Policy Normalization

BOJ offered to buy 190B yen of JGBs with maturity of 10- 25 years, down 10B yen from the purchase made on December 28. It also reduced the purchase of JGBs with maturity of 25- 40 by the same amount ...
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(FED) Minutes of the Federal Open Market Committee December 12-13, 2017

A joint meeting of the Federal Open Market Committee and the Board of Governors was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, December 12, 2017, at 1:00 p.m ...
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(BOE) Bank Rate Maintained at 0.50%

Our Monetary Policy Committee has voted unanimously to maintain Bank Rate at 0.50%. The committee also voted unanimously to maintain the stock of corporate bond purchases and UK government bond purchases. The Bank of England's Monetary Policy Committee (MPC) sets ...
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(SNB) Swiss National Bank Leaves Expansionary Monetary Policy Unchanged

The Swiss National Bank (SNB) is maintaining its expansionary monetary policy, with the aim of stabilising price developments and supporting economic activity. Interest on sight deposits at the SNB is to remain at –0.75% and the target range for the ...
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(FED) FOMC Statement December 13, 2017

Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Averaging through hurricane-related fluctuations, job gains have been solid, ...
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(BOC) Bank of Canada Maintains Overnight Rate Target at 1 Per cent

The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economy is evolving largely as ...
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(RBA) Statement by Philip Lowe, Governor: Monetary Policy Decision

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 2017. Labour markets have tightened and further above-trend growth is expected in a number of ...
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(FED) Minutes of the Federal Open Market Committee October 31-November 1, 2017

A joint meeting of the Federal Open Market Committee and the Board of Governors was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on Tuesday, October 31, 2017, at 1:30 p.m ...
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(RBNZ) Official Cash Rate Unchanged at 1.75 percent

Statement by Reserve Bank Governor Grant Spencer: The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. Global economic growth continues to improve, although inflation and wage outcomes remain subdued. Commodity prices are relatively stable. Bond ...
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(BOE) Bank Rate Increased to 0.50%

The Bank of England's Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 1 November 2017, the MPC voted by ...
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