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Showing 11 - 20 of 28 results for "March meeting"

Chief economist update: The greatest challenge of our time

BENJAMIN ONG  |  THURSDAY, 30 MAY 2019
... decade ago. So what gives? US Federal Reserve Chairman Jerome Powell at his press conference after the FOMC's March meeting. Powell warned below-target inflation is "one of the major challenges of our time", saying: "That's something that central ...

Chief economist update: A good problem to have?

BENJAMIN ONG  |  TUESDAY, 30 APR 2019
... would remain on ice at least not until 2019 becomes 2020. The Fed is aware of this as published in the minutes of a March meeting: "A few participants observed that the appropriate path for policy, insofar as it implied lower interest rates for longer ...

Chief economist update: The Fed pause that refreshes

BENJAMIN ONG  |  WEDNESDAY, 24 APR 2019
... investors pondering the Fed's return to policy normalisation. In case you missed it, the minutes of the Fed's March meeting also contained a caveat: "Several participants noted that their views of the appropriate target range for the federal ...

Chief economist update: Japan yearns for a weaker yen

BENJAMIN ONG  |  THURSDAY, 11 APR 2019
... and prices, and if we consider it necessary to achieve our price target, we'll consider easing policy." At its March meeting, the BOJ maintained current interest rate settings and promised to continue with quantitative and qualitative monetary easing ...

Chief economist update: Japan should raise taxes another day

BENJAMIN ONG  |  WEDNESDAY, 27 MAR 2019
... economies, particularly in the Chinese economy" and from the bank's monetary policy statement released after its March meeting, "...US macroeconomic policies and their impact on global financial markets; the consequences of protectionist moves and ...

Chief economist update: Be fearful when indicators show no fear

BENJAMIN ONG  |  MONDAY, 18 MAR 2019
... waiting (for the final outcome of Brexit); and the Bank of Japan (BOJ) - which kept monetary policy unchanged at its March meeting - is predicted to engage in some form of policy easing in the coming months. As for the People's Bank of China (PBOC) ...

Chief economist update: Fed's on target, BOJ takes out target

BENJAMIN ONG  |  THURSDAY, 3 MAY 2018
... it kept the fed funds rate target at 1.5%-1.75% and more or less cut and pasted the FOMC Statement at its 20-21 March meeting. Well, maybe less, for May's statement was missing the phrase "the Committee is monitoring inflation developments closely" that ...

ECB nips the bud of rate hike speculations

BENJAMIN ONG  |  FRIDAY, 31 MAR 2017
... accommodation measures soon. While the Governing Council voted to keep monetary policy settings unchanged following their 9 March meeting - and its forward guidance nearly a rehash of the message at the 9 January meeting - speculations gathered greater ...

Kristin's correct call

BENJAMIN ONG  |  FRIDAY, 24 MAR 2017
... vindicate MPC-member Kristin Forbes' dissent - she considered it appropriate to raise interest rates by 25 basis at the March meeting. Following earlier reports of stronger than expected inflation - headline CPI inflation up 2.3% in the year to February ...

Price-pressured

BENJAMIN ONG  |  WEDNESDAY, 22 MAR 2017
... member Kristin Forbes' dissent - she "considered it appropriate to increase Bank Rate by 25 basis points" -- at the March meeting. Along with the low unemployment rate -4.7% in the three months to January 2017 - the continued upswing in consumer price ...