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Showing 601 - 610 of 2498 results for "Central Bank"

Chief economist update: Australia needs a cheaper A$

BENJAMIN ONG  |  TUESDAY, 9 JUL 2019
... for a 50 bps cut in July) that sent the A$ back down to US$0.6971. This has also reduced pressure on the Australian central bank to cut the official cash rate down to zero - as some "extremists" foresee. A floating currency is, after all, designed to ...

Chief economist update: BOE flips tightening bias to easing

BENJAMIN ONG  |  MONDAY, 8 JUL 2019
... remove or even reduce the odds for a Fed rate cut this month. The CME FedWatch Tool puts the probability that the US central bank will cut interest rates by 25 bps to 2%-2.25% at the conclusion of its July FOMC meeting at 95.1%. This is backed-up by ...

Chief economist update: Currency manipulators beware

BENJAMIN ONG  |  THURSDAY, 4 JUL 2019
"China and Europe playing big currency manipulation game and pumping money into their system in order to compete with USA. We should MATCH, or continue being the dummies who sit back and politely watch as other countries continue to play their games ...

Chief economist update: The back-to-back rate cuts Australia has to have

BENJAMIN ONG  |  WEDNESDAY, 3 JUL 2019
... I guess governor Lowe didn't receive the memo from Bank of International Settlements (BIS) - the world's central bank of central banks - chief Agustin Carstens that delivered a day before that: "Monetary policy should be considered more as a ...

Chief economist update: Expect an RBNZ rate cut

BENJAMIN ONG  |  THURSDAY, 27 JUN 2019
The Reserve Bank of New Zealand (RBNZ) did as it was expected - it kept the official cash rate unchanged at a record low 1.5% at the conclusion of its June 26 meeting. Understandably, another interest rate reduction only a month after it handed out ...

Chief economist update: ECB to leave no policy tool unturned

BENJAMIN ONG  |  WEDNESDAY, 26 JUN 2019
When the European Central Bank (ECB) concluded its Governing Council meeting on the June 6, not only had it announced to keep monetary policy settings unchanged - repo at 0.00%; marginal lending facility at 0.25%; deposit facility at -0.4% - but it ...

Chief economist update: BOE lets peers do the heavy lifting

BENJAMIN ONG  |  FRIDAY, 21 JUN 2019
... and the Bank of Japan, it offered an opposing forward guidance to the future path of UK interest rates. The British central bank admitted in its June statement that: "Trade concerns have contributed to volatility in global equity prices and corporate ...

Chief economist update: Fed plans for Trump contingency

BENJAMIN ONG  |  THURSDAY, 20 JUN 2019
... definition (yes, yes I know): "In economics, a Taylor rule is a monetary-policy rule that stipulates how much the central bank should change the nominal interest rate in response to changes in inflation, output, or other economic conditions." Based on ...

Chief economist update: Cash is King

BENJAMIN ONG  |  WEDNESDAY, 19 JUN 2019
... interest rates unchanged at current levels after its June meeting at 77.5%. This intuitively makes sense. The US central bank couldn't just adjust policy settings from a "patient pause" approach to an outright rate reduction without ringing alarm ...

Chief economist update: Expect more of the same from the BOJ

BENJAMIN ONG  |  TUESDAY, 18 JUN 2019
... 0.1% and its "yield curve control" measure keeping the yield on 10-year JGBs at "around zero percent", the Japanese central bank cannot lower rates some more - take them deeper into the negative - without causing negative consequences to the financial ...