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Showing 71 - 80 of 372 results for "Taper"

Chief economist update: ECB on track for exit

BENJAMIN ONG  |  FRIDAY, 27 JUL 2018
Nobody expected action from the European Central Bank's (ECB) July 26 meeting. The Bank did not disappoint. It kept its benchmark repo rate at 0% - so were the rates on its deposit facility (-0.4%) and marginal lending facility (0.25%) - and repeated ...

Chief economist update: Three ayes for a rate hike

BENJAMIN ONG  |  FRIDAY, 22 JUN 2018
... from the one additional vote for an immediate rate hike, the June meeting also produced a change in the forward guidance on taper: "the MPC now intends not to reduce the stock of purchased assets until Bank Rate reaches around 1.5%, compared to the previous ...

Chief economist update: The key to ECB taper

BENJAMIN ONG  |  TUESDAY, 27 FEB 2018
... Governing Council sees a sustained adjustment in the path of inflation consistent with its inflation aim." (ECB statement). Taper will come eventually but not after inflation is on a sustained uptrend and before a change in ECB communication.

Chief economist update: The yen's on the up and up

BENJAMIN ONG  |  FRIDAY, 16 FEB 2018
... slowest growth rate in two years. Certainly, this should temper lingering speculations that the Bank of Japan (BOJ) would taper its policy stimulus measures - one that has continued to this day despite BOJ governor Haruhiko Kuroda stressing the Japanese ...

Chief economist update: Euro's uptrend is a downtrend risk

BENJAMIN ONG  |  FRIDAY, 2 FEB 2018
While none expected a change in monetary policy, not a few anticipated ECB president Mario Draghi to deliver a less dovish message (at the very least) after the European Central Bank's first governing council meeting for 2018. Perhaps, the underlying ...

Chief economist update: Red light on greenback

BENJAMIN ONG  |  THURSDAY, 25 JAN 2018
... round across the globe. Their low inflation would become lower even more. Instead of speculating over exit strategies and taper, the Bank of Japan and the European Central Bank may find themselves expanding their stimulus measures in order to cheapen ...

Chief economist update: No stealth tapering, no exit strategy...yet

BENJAMIN ONG  |  WEDNESDAY, 24 JAN 2018
"QQE with Yield Control" is here to stay as long as it's necessary to "achieve the price stability target of 2 percent" and "stays above target in a stable manner". The Bank of Japan (BOJ) couldn't be clearer on its forward guidance following the conclusion ...

Chief economist update: ECB sees low rates for longer

BENJAMIN ONG  |  TUESDAY, 16 JAN 2018
Echoing BOJ Governor Haruhiko Kuroda's quick push back on taper speculations, Deutsche Bundesbank president and ECB governing council member Jens Weidmann used his speech at the Ludwig-Erhard Summit in Bavaria to do the same. Like Kuroda, Weidmann's ...

Australia overdue for company tax cut: Spot poll

KARREN VERGARA  |  MONDAY, 15 JAN 2018
More than half of the respondents in Financial Standard's weekly spot poll said Australia should follow the United States' lead and drop the corporate tax rates to as low as 21%. The US reduced its corporate tax rate from 35% to 21% effective 1 January ...

Asset test rules hurting retirement savings: SMSFA

KARREN VERGARA  |  WEDNESDAY, 10 JAN 2018
... "detrimental" behavioural effects one year on. SMSF Association chief executive John Maroney said changes to the means test taper rate and thresholds, which came into effect on 1 January 2017, reduce the entitlement to the Age Pension as a person or ...