Central banks news

ECB to Leave Monetary Policy Unchanged, Focus Turns to Strategic Review

At the upcoming meeting, ECB members would likely acknowledge stabilization in the region’s economy, while reiterating accommodative monetary policy. The focus of the meeting would be the strategic review, the first assessment of the central bank’s monetary policy in two ...
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BOE Left Policy Rate Unchanged. Neutral Tone Maintained

At the last BOE meeting headed by Mark Carney, the members voted 7-2 to leave the Bank rate unchanged at 0.75%. The members voted unanimously to maintain the purchase of government bonds at 435B pound and corporate bonds of 10B ...
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BOE Preview – Members might Set a Dovish Tone while Leaving Rate Unchanged

BOE will likely leave the Bank rate unchanged at 0.75% this week. There will be no press conference or inflation report accompanying the meeting. However, it will be interesting to see if the members adjust its tone after UK elections ...
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RBA Hinted Further Easing in 1Q20

At the RBA minutes for the December meeting, policymakers affirmed that it was appropriate to leave the cash rate unchanged at 0.75%. While acknowledging stabilization in the economy, the members, however, noted that further easing would be possible. They pledged ...
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Lagarde Carries On Draghi’s Legacy at ECB

At the first ECB led by Christine Lagarde, the members decided to leave the deposit rate unchanged at -0.5%. Meanwhile, the main refi rate and marginal lending rate also stay unchanged at 0% and 0.25%, respectively. The pace of the ...
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SNB Maintains World’s Lowest Policy Rate

SNB left the policy rate unchanged at -0.75% in December. Again, the members reiterated the commitments to intervene in the currency in order to curb the appreciation of Swiss franc, which is described as “highly-valued”. They also affirmed to maintain ...
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Fed Set a Neutral Tone and Signaled that Rate will Stay Unchanged Throughout 2020

As widely anticipated, FOMC left the Fed funds rate unchanged at 1.5-1.75% in December. Trying to deliver a neutral tone, there were only few changes in the policy statement and the updated economic projections. The median dot plot shows that ...
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Fed to Leave Policy Rate Unchanged in December, and Likely for 2020

We expect the FOMC will leave the Fed funds rate unchanged at 1.5-1.75% in December. The employment report released last week confirmed a resilient job market. Other indicators showed little deviation from the trend observed in October. Indeed, unless global ...
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BOC Unexpectedly Turned More Upbeat in December

BOC left the policy rate unchanged at 1.75% in December. The accompanying statement turned more hawkish than October. Despite ongoing trade war uncertainty, policymakers remained upbeat about the domestic economic growth. They also acknowledged that the global economy has stabilised ...
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BOC to Stand on the Sideline in December, while Noting Possible Rate Cut

Despite the dovish surprise in October, we expect BOC to leave the policy rate unchanged at 1.75% this week. Economic data released during the inter-meeting period stayed firm, allowing the central bank to take more time to monitor the situation ...
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RBA Left Cash Rate Unchanged but Hinted To Ease Further

As widely anticipated, RBA left the cash rate unchanged at 0.75% in December. The central bank was cautiously optimistic about domestic economic development. While seeing turning points on the economic in general and the housing market in particular, the members ...
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FOMC Minutes Revealed that Most Members Saw Current Rate Level as Appropriate

The FOMC minutes for the October meeting revealed that most members judged that the monetary easing was enough to support growth. However, they continued to see downside to the economic outlook. In October, the members voted to cut the Fed ...
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