Continuing his speech at the Financial Times Global Digital Conference, Bank of England Governor Andrew Bailey has said that They have talked about yield curve control but they don’t see a great need at the moment. Bailey has added that they do not have a date in mind for the outcome of the negative rate […]
Tag: Interest Rates
The RBNZ has not changed its guidance on keeping OCR at 0.25% until March 2021 – Christian Hawkesby
The Reserve Bank of New Zealand (RBNZ) has not changed its guidance on keeping the Official Cash Rate (OCR) at 0.25% through March 2021said the Lieutenant Governor Christian Hawkesby while delivering a speech this Thursday. Featured Comments: The economy performed stronger than expected in August this year. The economy still requires a substantial amount of […]
Tenreyro says it is important to address the negative rate review
“We will be in a world of low interest rates for a long time, so it is important to address the negative rate review“Bank of England monetary policymaker Silvana Tenreyro said in an interview with the Yorkshire Post on Wednesday. Additional comments: “The positive evidence related to the negative interest rate policy comes from Europe, […]
Orr says economic activity since August is more resilient than previously assumed
“National and international economic activity since August has been more resilient than previously assumed“said the Governor of the Reserve Bank of New Zealand (RBNZ) Adrian Orr while speaking in the press conference after the monetary policy decision on Wednesday. Additional comments: “Inflation and employment have been below target for a long time.” “We hope banks […]
RBNZ remains unchanged and adheres to March 16 guidance
The Reserve Bank of New Zealand keeps the official cash rate stable at 0.25% and introduces a Loan Financing Program. The RBNZ sees an average OCR of 0.25% in the first quarter of 2021. The Reserve Bank of New Zealand today released its monetary policy statement, where it was expected to unveil a Loan Financing […]
The Fed keeps its interest rates unchanged at 0.25%
The Monetary Policy Committee of the Federal Reserve has decided to keep interest rates unchanged in the range of 0 to 0.25% at their November meeting, as expected. The Fed has not changed its rates since it cut them by one point last March. . Credits: Forex Street Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, […]
Recovery will take time, risks to GDP projection drift downward
Following the BoE’s monetary policy announcement, the central bank has published the minutes of the meeting, with the highlights shown below (via Reuters): Market participants grant some weight to the possibility of a negative bank rate. The market path to interest rates is that they average zero over the forecast period. The implicit market path […]
Lowe notes that a negative interest rate in Australia is highly unlikely
A negative interest rate in Australia is “extraordinarily unlikely”, the Governor of the Reserve Bank of Australia (RBA) said on Tuesday, Phillip Lowe, at the press conference after the monetary policy meeting. Lowe, however, added that the RBA “is not out of firepower” after the latest easing policy. Featured statements: If we need to do […]
Final decision will be based on December data – Robert Holzmann
Commenting on the European Central Bank (ECB) signal of additional stimulus in December, the legislator and governor of the Austrian National Bank, Robert Holzmann, said the final decision will be based on December data. Additional comments: “It is correct to assume that Lagarde signaled that more stimulus would come.” “We see little effectiveness in any […]
EUR / USD clings to 1.1700 after ECB, attention is now on Lagarde
The ECB left its key rates unchanged, matching expectations. The pair remains in negative territory at the 1.1700 region. The markets’ attention is now focused on Lagarde’s press conference. The common currency has remained apathetic after the ECB’s decision on Thursday, motivating the pair EUR / USD to keep hovering around the 1.1700 zone. EUR […]
