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Showing 11 - 20 of 22 results for %22Monetary Policy Summary%22

Chief economist update: Japan should raise taxes another day

BENJAMIN ONG  |  WEDNESDAY, 27 MAR 2019
The just-released "Summary of Opinions at the Monetary Policy Meeting on March 14 and 15, 2019" contained the same optimism that the Bank of Japan (BOJ) had been telling us and itself for as long as I can remember. The same rose-tinted outlook on growth. ...

Chief economist update: Three ayes for a rate hike

BENJAMIN ONG  |  FRIDAY, 22 JUN 2018
... nil in March. The three who voted 'ayes' have good reason for doing so because as stated in the Monetary Policy Summary: "In the MPC's most recent projections, set out in the May Inflation Report... a small margin of excess demand was projected ...

Three is the magic number

BENJAMIN ONG  |  THURSDAY, 14 DEC 2017
... would provide an upside risk to economic growth (and possibly, inflation) that could persuade the Fed to tighten monetary policy by much more than it intends to at this time. But to paraphrase Madam Yellen, we'll cross the bridge when we get there.

OECD tells RBA to take a hike

BENJAMIN ONG  |  WEDNESDAY, 29 NOV 2017
... 5.4% in 2018 and 5.3% in 2019. This compares with the RBA's forecasts written in its November 2017 'Statement on Monetary Policy'. It's better on GDP growth - 2.5% in 2017, 3.25% in 2018 and 3.25% in 2019. Not so in terms of inflation moving up to target ...

BOE does what it said it would do

BENJAMIN ONG  |  FRIDAY, 3 NOV 2017
... 2016 to head off any nasty repercussions of the Brexit vote on the 23rd of June of the same year. The 'Monetary policy summary' explains the rationale behind the decision: "The steady erosion of slack has reduced the degree to which it is appropriate ...

Beige Book report delivers known knowns

BENJAMIN ONG  |  THURSDAY, 19 OCT 2017
... Federal Reserve districts. And if I may add, it's released approximately two weeks before the Fed deliberates on monetary policy at its FOMC meetings, giving its findings more weight and relevance to the Fed's discussions. But it hasn't received much ...

Inflated attention on September US CPI inflation

BENJAMIN ONG  |  MONDAY, 16 OCT 2017
... US consumer price inflation. Financial market participants keenly awaited its release for clues on future Fed monetary policy direction...or so the headlines say. I say what the? Because of several reasons: 1. The September CPI inflation numbers are ...

No follow through

BENJAMIN ONG  |  TUESDAY, 8 AUG 2017
... August meeting -- - the first since Carney made the statement in late June. The British central bank's monetary policy summary statement revealed its continued worry over above target inflation - headline at 2.6% in June; core at 2.4% -- brought about ...

No spend, no inflation

BENJAMIN ONG  |  TUESDAY, 30 MAY 2017
In its 'Summary of Opinions at the Monetary Policy Meeting on April 26 and 27, 2017', released on the 10th of May, the BOJ no longer spoke of an economic "recovery", instead it talked about an economic "expansion" - the most optimistic the BOJ had been ...

Japan rides the virtuous cycle

BENJAMIN ONG  |  THURSDAY, 11 MAY 2017
... Bank of Japan's (BOJ) growing optimism over the country's economic outlook. In its 'Summary of Opinions at the Monetary Policy Meeting on April 26 and 27, 2017', released on the 10th of May, the BOJ no longer spoke of an economic "recovery", instead ...