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Showing 81 - 90 of 372 results for "Taper"

Chief economist update: A prelude to taper?

BENJAMIN ONG  |  WEDNESDAY, 10 JAN 2018
... 25-year and 25 to 40-year JGBs sent the Japanese yen 0.5% higher against the US dollar to ¥112.43 after it sparked renewed taper speculations. While Bloomberg points out that this was merely a "minor tweak" and that "the actual increase was only around ...

ECB schedules taper

BENJAMIN ONG  |  FRIDAY, 27 OCT 2017
The European Central Bank's (ECB) October monetary policy meeting ended financial market speculations over its QE exit strategy. ECB president Mario Draghi did what he telegraphed he would -- discuss QE unwind strategy in October - and offered something ...

Transparency to the max

BENJAMIN ONG  |  MONDAY, 25 SEP 2017
... what it's going to announce - steady interest rates this month; a hike by December and even the amount of how much it will taper next month. Why? Pourquoi? Warum? It's because the Fed has telegraphed this months before. The same with the BOJ which had ...

On the road to normal

BENJAMIN ONG  |  TUESDAY, 19 SEP 2017
... remains are the questions on a December interest rate hike (will they, won't they?) and the announcement of the start of QE taper (will they, won't they?). The likelihood of these happening is two for two because US economic data and surveys since the ...

Euro strength is a source of weakness

BENJAMIN ONG  |  FRIDAY, 8 SEP 2017
It didn't happen overnight, but it did happen. European Central Bank president Mario Draghi's concern over the impact of the euro currency's appreciation, that is. Recall that the ECB had been conspicuous in its silence about the euro since its 20 July ...

Is the Fed the victim of its own success?

BENJAMIN ONG  |  MONDAY, 17 JUL 2017
"It is worth remembering that it can take 18 to 24 months for a monetary policy action to have its full effect on inflation. This means that central banks must target future inflation by anticipating future deviations from target." These were the words ...

Eurozone gaining momentum

BENJAMIN ONG  |  THURSDAY, 22 JUN 2017
The US Federal Reserve took another step towards policy normalisation at its June FOMC meeting - announcing another 25 basis point lift in the fed funds rate from one to 1.25% (the second this year) while at the same time giving notice that it would ...

Eurozone ascending

BENJAMIN ONG  |  WEDNESDAY, 24 MAY 2017
... forecast of 0.4% second quarter growth could well prove overly pessimistic if the PMI holds its elevated level in June". Taper time? Well, not quite. The survey showed that while average selling prices increased at their fastest rate in 6 years, input ...

O Canada

BENJAMIN ONG  |  WEDNESDAY, 26 APR 2017
With friends like these, who needs Kim Jong-un! Just when the drumbeats of war - the nuclear kind - have recently been withdrawing from the headlines, US president Donald Trump could be starting another, a trade war. Sure, Trump's protectionist' policy ...

The prescience of Super Mario

BENJAMIN ONG  |  THURSDAY, 20 APR 2017
... Rising momentum in the Eurozone economy have triggered speculations that the European Central Bank (ECB) would not only taper its QE programme soon but also lift interest rates by the first quarter of 2018. The problem with this is that stronger economic ...