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Showing 621 - 630 of 2498 results for "Central Bank"

Chief economist update: The (trade) war is back on

BENJAMIN ONG  |  MONDAY, 13 MAY 2019
... to news and intelligence provider MNI, Sun Guofeng - head of the PBOC monetary policy department - declared: "The central bank will make good use of structural tools, including targeted medium-term lending facility and rediscounting, to guide financial ...

Chief economist update: Same challenges, differing reactions

BENJAMIN ONG  |  THURSDAY, 9 MAY 2019
... mid-point; and support maximum sustainable employment." This is more or less the mandate targeted by every other major central bank around the world, including New Zealand's next door neighbour, Australia. But while the Reserve Bank of Australia ...

Chief economist update: RBA refused to blink in May

BENJAMIN ONG  |  WEDNESDAY, 8 MAY 2019
... data. GDP rose by just 0.2 per cent in the December quarter to be 2.3 per cent higher over 2018", the Australian central bank is more optimistic this time, stressing: "The central scenario is for the Australian economy to grow by around 23-24% in 2019 ...

Chief economist update: Not spring yet in the Eurozone

BENJAMIN ONG  |  MONDAY, 6 MAY 2019
... rate in six months. One swallow does not a spring make but two swallows? These would certainly give the European Central Bank (ECB) some sort of reprieve - a temporary reprieve. For while these topline indicators - GDP and inflation - have improved ...

Chief economist update: Policy of patience

BENJAMIN ONG  |  THURSDAY, 2 MAY 2019
The US Federal Reserve just concluded its April 30 - May 1 FOMC meeting and decided it best to do nothing but reaffirm its policy of patience, as you, I and Irene expected. "Consistent with its statutory mandate, the Committee seeks to foster maximum ...

Chief economist update: Inflation is dead

BENJAMIN ONG  |  MONDAY, 29 APR 2019
... money splashed by central banks is able to stir above-target increases in consumer prices (most western, capitalist central bank targets 2.0% inflation). Latest inflation data shows inflation in the US at 1.9%; the Eurozone at 1.4%; Japan at 0.5%; the ...

Chief economist update: Lock in two RBA rate cuts

BENJAMIN ONG  |  FRIDAY, 26 APR 2019
... economics vernacular, this is known as the 'Taylor Rule' - 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." (Wikipedia). ...

Chief economist update: The bad oil

BENJAMIN ONG  |  FRIDAY, 12 APR 2019
The International Monetary Fund (IMF) recently released its World Economic Outlook April report where it slashed its global growth projections to 3.3% this year, down from 3.5% forecast in January and from 3.7% predicted in its October 2018 outlook ...

Chief economist update: Japan yearns for a weaker yen

BENJAMIN ONG  |  THURSDAY, 11 APR 2019
The last time we heard some sort of policy guidance from the Bank of Japan (BOJ) was in early February this year when governor Haruhiko Kuroda was quoted as saying that: "If (currency moves) are having an impact on the economy and prices, and if we ...

Chief economist update: ECB digs deeper

BENJAMIN ONG  |  FRIDAY, 5 APR 2019
Super Mario's back to doing whatever it takes. When European Central Bank (ECB) president Mario Draghi spoke at 'The ECB and Its Watchers XX' conference in Frankfurt on March 27, he concluded his speech emphasising that, "... the ECB will ...