He Bank of Japan (BoJ) has left its monetary policy configuration unchanged after wrapping up their two-day meeting on Friday. Central bank has left the key rate unchanged at -10bp, maintaining a 10-year JGB yield target of 0.00%. The members of the board of the BoJ decided to extend the March 2021 deadline for the […]
Tag: Interest Rates
SNB leaves interest rates unchanged at -0.75%, USD / CHF moves away from six-year lows
The SNB takes monetary policy on a stable course in December. USD / CHF remains in recovery mode intact from six-year lows. The members of the board of the Swiss National Bank (SNB) did not announce any change in their monetary policy configuration after the conclusion of the monetary policy assessment for the December quarter […]
RBA will keep the size of the bond purchase program under review
Below are the Key comments from the RBA’s monetary policy statement December, according to Reuters reports, presented by Governor Phillip Lowe: Board do not expect to increase the cash rate for at least 3 years. Board is ready to do more if required. Board keep the size of the bond purchase program under review. Worldwide, […]
RBA leaves its monetary policy setup unchanged, as expected
At their December monetary policy meeting on Tuesday, the members of the Reserve Bank of Australia (RBA) board have decided keep the official cash rate (OCR) at the historical low of 0.10%, as expected. The RBA has left unchanged your target three-year bond yield at 0.10%. “The board has decided to maintain the current monetary […]
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 […]
Lowe says negative rates remain extraordinarily unlikely in Australia
Commenting on the outlook for negative interest rates as a monetary policy option, RBA Governor Phillip Lowe has said that negative rates remain extraordinarily unlikely in Australia. Additional comments: “Negative rates would put downward pressure on the Australian dollar“. “I would only consider negative rates if all the major banks in the world had negative […]
Lowe says now is not the time for higher rates
“Now is not the time for higher interest rates“said the Governor of the Reserve Bank of Australia (RBA), Phillip Lowe, while delivering a speech titled” Covid, our changing economy and our monetary policy “in a webinar organized by the Economic Development Committee of Australia. Additional comments: Falling world interest rates had a ‘gravitational pull’ on […]
Schnabel says the central bank will be there for as long as it takes
“The European Central Bank will be there for as long as necessary“said on Friday the member of the board of the ECB Isabel Schnabel. Key Comments: We’ll see all instruments. There are reasons we have not cut rates in the past. We have to check those reasons again now. The ECB faces a situation different […]
The second wave of coronavirus is probably stronger than expected – Madis Muller
The member of the Governing Council of the European Central Bank (ECB), Madis Mullersaid Friday that the second wave of the coronavirus pandemic is probably stronger than expected. The ECB would favor tools that directly reach the economy, like the TLTRO, he added. Commenting on the virus, the President of the ECB Christine Lagarde said […]
Banxico leaves the policy rate unchanged at 4.25%
The central bank of Mexico (Banxico) announced Thursday that it left its benchmark interest rate unchanged at 4.25%. In its statement, Banxico said that a board member voted in favor of a 25 basis point rate cut. Market reaction With the initial market reaction, the USD / MXN pair erased a large chunk of daily […]
