Știrile băncilor centrale

RBNZ transformă pierderile, prelungirea creșterii și prognozele IPC

RBNZ left the OCR unchanged at 1.75% in May. The message delivered by the central bank came in slightly more dovish than expected, sending NZDUSD to a fresh 5-month low. In his first meeting in the capacity of the RBNZ ...

BoE ar putea fi mai dăunător decât "Hawkish Hold"

BOE is almost certain to keep the Bank rate unchanged at 0.5% in the May meeting. Weakness in PMI data released last week aggravated concerns that recent the moderation in economic activities might persist. Doubts have arisen that whether the ...

FOMC Mai mult Hawkish pe Inflație, iunie Rate Hike a făcut un Deal

As widely anticipated FOMC left the Fed funds rate target at 1.5-1.75% in May. The accompanying statement also came in largely in line with our expectations – shrugging off moderation in first quarter growth and getting more confident in the ...

RBA mai apreciat pe creștere, probabil în așteptare pentru 2018

Extending the streak for a 19th month, RBA left the cash rate unchanged at 1.5% in May. Benign inflation and recent slowdown in employment growth are allowing policymakers to keep the monetary policy accommodative. The accompanying statement was largely unchanged ...

Previzualizarea FOMC: se concentrează asupra inflației și se ridică din cauza unei perturbări temporare a creșterii

There have been both positive and negative data released since the March FOMC meeting. We expect policymakers to view slowdown in GDP growth as driven by temporary factors which should not affect the monetary policy outlook. Meanwhile, the central bank ...

BCE sa abținut de la aluzia la perspectivele politicii

In line with our expectations, ECB largely judged the recent slowdown in economic data as driven by temporary factors and moderation after periods of strong growth. The members maintained the view that risks to growth were “broadly balanced” and remained ...

Previzualizarea BCE: Atenția față de recenta încetinire nu va afecta programarea QE

Despite expectations that the ECB would only announce adjustments on QE and interest rate in June the earliest, the upcoming meeting is not a non-event. Since the March meeting, Eurozone’s economic data have surprised to the downside. It would be ...

Raportul BOC revizuit privind creșterea redusă pentru 2018, a trimis un mesaj mixt

BoC has sent a mixed message in yesterday’s statement. Although the next rate adjustment remains a hike, the timing remains data-dependent and hinged on a number of uncertainties, including NAFTA negotiations and geopolitical tensions, something critical to Canada due to ...

FOMC Minute: Stimularea fiscală în timpul angajării complete facilitează inflația pentru a ajunge la + 2%

The FOMC minutes for the March meeting reinforced the members’ confidence over the economic growth outlook and that inflation would return to the +2% target in the medium-term. The confidence was mainly driven by the tax reform plan passed late ...

RBA conștient de creșterea recentelor în randamente

The April RBA meeting contained little surprise. Policymakers left the cash rate unchanged at 1.5% and made few changes in the policy statement. The central bank remained upbeat on growth and employment. Yet, it remained wary of the slow growth ...

BOE a votat 7-2 pentru a lăsa rata băncii neschimbată la 0.50%

BOE voted 7-2 to leave the Bank rate at 0.50%. The members voted unanimously to leave to asset purchase program unchanged at 435B pound. The members were generally positive over the economic outlook, noting that “recent data releases are broadly ...

Marea Britanie și UE au ajuns la o tranzacție de tranziție, ștergând o incertitudine esențială în ceea ce privește ritmul de creștere al ratei de creditare de la BOE

Despite initial rally following the announcement of a Brexit transition deal, British pound has retraced much of its gains. Both UK and EU officials have hailed the agreement. While UK’s Brexit negotiator Davis David noted that the deal contains ‘a ...

Minutele RBA au reiterat impactul creșterii salariilor scăzute asupra inflației

Aussie remains under pressure although the RBA minutes contained little surprise. The minutes signaled that policymakers were encouraged by recent economic growth. However, subdued wage growth and elevated household debt have suggested that policymakers would keep the powder dry. Meanwhile, ...

SNB a avertizat de aprecierea francului împotriva dolarului american, angajamentul ținut să intervină

As widely anticipated, the SNB kept the sight deposit rate unchanged at -0.75%, while the target range for the three-month Libor stayed at between –1.25% and –0.25%. Again, the SNB maintained the commitment to intervene the FX market when needed, ...

BCE a înlăturat, în mod surprinzător, reducerea prejudecăților, Draghi a subestimat implicațiile asupra politicii viitoare

Surprising to most market participants, ECB dropped the easing bias in the forward guidance. While this had initially sent the euro slightly higher, it reversed as President Mario Draghi reinforced that the act was ‘backward looking’ and would not affect ...

Ratele stângi ale BOC sunt în așteptare, mai preocupate de politica comercială din SUA

As widely anticipated, BOC left the policy rate unchanged at 1.25% in March. The accompanying statement was more cautious than the previous one, over the trade outlook. Policymakers suggested that ‘trade policy developments are an important and growing source of ...

RBA Stocul de numerar stânga neschimbat la 1.5% Pe măsură ce piețele imobiliare răcite

As widely anticipated, RBA left the policy rate unchanged at 1.5% in March. A cooling property market signals that further rate hike is less urgent. On top of the central bank’s agenda has returned to boosting inflation and employment. In ...

Hawkish Powell ridică speranțe pentru patru rata de creștere în acest an

While mainly maintaining the FOMC’s stance, the new Fed Chair Jerome Powell’s Congressional testimony before the House Finance Services Committee was interpreted as a hawkish one. Heightened speculations for three, or more, rate hikes this year were reflected in higher ...

(FED) Președinte Jerome H. Powell - Raport semestral de politică monetară la Congres

Chairman Hensarling, Ranking Member Waters, and members of the Committee, I am pleased to present the Federal Reserve's semiannual Monetary Policy Report to the Congress.On the occasion of my first appearance before this Committee as Chairman of the Federal Reserve, ...

BOE a trimis mesajul Hawkish, Rata de plimbare ar putea veni la fel de devreme ca în luna mai

The BOE left the Bank Rate unchanged at 0.5% and the asset purchase program unchanged at 435B pound. The members voted unanimously (9-0) for the decision. What caught the market attention most is the comment that the“monetary policy would need ...