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Showing 351 - 360 of 1453 results for "Monetary Policy"

Chief economist update: RBA cuts official cash rate to 0.75%

BENJAMIN ONG  |  WEDNESDAY, 25 SEP 2019
... unemployment and achieving more assured progress towards the inflation target," he said. "The board is prepared to ease monetary policy further if needed to support sustainable growth in the economy, make further progress towards full employment, and ...

Chief economist update: Time for a Keynes comeback

BENJAMIN ONG  |  TUESDAY, 24 SEP 2019
... banks have already cut interest rates (more than once) and/or restarted QE, or promised to maintain ultra-loose monetary policy with a view to implementing even greater accommodation (if needed). The Organisation for Economic Cooperation and Development's ...

Chief economist update: The BOJ needs to run faster to stay in the running

BENJAMIN ONG  |  MONDAY, 23 SEP 2019
... giving this advice to Bank of Japan (BOJ) governor Haruhiko Kuroda san, instead of Alice. But nah. The BOJ kept monetary policy settings as they were - the policy rate at -0.1%; the target for 10-year JGBs at around zero percent; and, purchase "exchange-traded ...

Chief economist update: Future path of fed funds rate

BENJAMIN ONG  |  THURSDAY, 19 SEP 2019
... through to the end of 2020 (whatever "there" would be). This divide in participants' assessments of appropriate monetary policy comes amid very little change in the Fed's economic projections. While 2019 GDP growth was revised a tad higher to ...

Chief economist update: Whatever it takes, however long it takes

BENJAMIN ONG  |  FRIDAY, 13 SEP 2019
... refinancing operations (TLTRO III) to preserve favourable bank lending conditions, ensure the smooth transmission of monetary policy and further support the accommodative stance of monetary policy." "The interest rate in each operation will now be set ...

Chief economist update: Germany in the budget's shadow

BENJAMIN ONG  |  TUESDAY, 10 SEP 2019
The Global Financial Crisis of 2008 gave birth to "non-conventional monetary policy" - where many developed country central banks lowered interest rates to zero/negative and/or engaged in quantitative easing. While these prevented the "Great Recession" ...

Chief economist update: RBA not risking market disappointment

BENJAMIN ONG  |  WEDNESDAY, 4 SEP 2019
... the inflation target. The Board will continue to monitor developments, including in the labour market, and ease monetary policy further if needed to support sustainable growth in the economy and the achievement of the inflation target over time." But ...

Chief economist update: Super Mario's last hurrah

BENJAMIN ONG  |  TUESDAY, 3 SEP 2019
... president Mario Draghi told his audience (and the world) at his press conference straight after the ECB's last monetary policy meeting held on the July 25. Because, as he put it: "The risks surrounding the euro area growth outlook remain tilted to ...

Chief economist update: Trump should read Frank

BENJAMIN ONG  |  MONDAY, 26 AUG 2019
... "There are, however, no recent precedents to guide any policy response to the current situation. Moreover, while monetary policy is a powerful tool that works to support consumer spending, business investment, and public confidence, it cannot provide ...

Chief economist update: Wheels of US recession in motion

BENJAMIN ONG  |  THURSDAY, 22 AUG 2019
... infrastructure spending. So much so, that financial markets and central banks were counting the days when (not if) monetary policy will be returned to normal. Then Trump had to say something stupid like "tariffs" in the name of "national security" and ...