“We believe it will likely be difficult to maintain positive growth in the fourth quarter“Yves Mersch, European Central Bank (ECB) policy officer, said in an interview with the Financial Times (FT) on Wednesday. “Although if we look at the German figures, Germany could do it“, has added. Additional comments: “Given the the consequences of this […]
Tag: central banks
Fed: accommodative monetary policy helps economy weather the storm
The Federal Reserve has taken an approach that will naturally adjust if the economy does better than expected, the president of the Federal Reserve said on Tuesday. New York Federal Reserve John Williams to the Wall Street Journal, according to Reuters. Additional conclusions “Accommodative monetary policy is helping the economy weather the storm.” “The policy […]
The ECB should be open to a really symmetric inflation target
The Central Bank Europeor should it be open to targeting its own inflation “below but close to 2%” genuinely symmetrical, the ECB’s policymaker said on Tuesday. Olli Rehn, Reuters reported. Additional conclusions “The ECB already has a dual mandate, it must also aim at full employment, balanced growth and sustainable development.” “The next generation of […]
The central bank should be open to a genuine symmetric inflation target – Rehn
The European Central Bank (ECB) should be open to targeting its own inflation “below but close to 2%” genuinely symmetrical, ECB officials Olli Rehn said on Tuesday, Reuters reported. “The ECB already has a dual mandate, it must also aim at full employment, balanced growth and sustainable development“Rehn added. He stated that the next generation […]
Uncertainty remains at considerable levels – Kuroda
“The rapid and abundant provision of liquidity from central banks and international institutions avoided the negative feedback loop between economic and financial activities,” it said on Tuesday. the Governor of the Bank of Japan (BOJ), Haruhiko Kuroda, according to Reuters. Despite the description, he acknowledged that “considerable uncertainty continues.” According to Kuroda, coordination of fiscal […]
Debelle says she doesn’t expect a rate hike for three years
The Deputy Governor of the Reserve Bank of Australia (RBA), Guy Debelle has said he does not expect a rate hike for three years, in a scheduled speech on “Monetary Policy 2020” at the Australian Business Economists webinar. Additional comments: Political action has reduced borrowing costs. The bond purchase program means that the australian dollar […]
I’m not convinced negative rates will work – Guy Debelle
The Deputy Governor of the Reserve Bank of Australia (RBA, for its acronym in English), Guy Debelle, made a statement on Tuesday, affirming the lack of conviction in negative interest rate policy as a tool to boost inflation and employment. The central bank recently cut rates to a record low of 0.10% and has been […]
They must maintain current financing conditions for as long as necessary – Olli Rehn
The member of the Governing Council of the European Central Bank (ECB), Olli Rehnsaid Tuesday that eThe central bank should stick to its current financial conditions for as long as necessary. Featured statements: “The ECB may need to consider the recalibration of TLTRO“. “The PEPP and bank loans are the main stimulus tools.” “It is […]
BoE: There is a risk of detrimental effects on demand due to increased risk aversion
“There is a risk of detrimental effects on demand due to increased risk aversion,” the policymaker of the Bank of England (BoE) Michael Saunders to the Treasury Select Committee, As reported Reuters. Additional conclusions “I am concerned about what the pandemic will leave even after the launch of the vaccine.” “There has been a large […]
Andrew Bailey notes that a rise for the pound is expected if the UK reaches a trade deal with the EU
While testifying before the Treasury Select Committee on Monday, the Governor of the Bank of England (BoE), Andrew Bailey, said expect a rise for the British pound if the UK reaches a trade deal with the EU. Featured statements: “We have some evidence that vaccine news has boosted financial market confidence and business expectations. “ […]