At today’s meeting the Governing Council of the ECB took the following monetary policy decisions:
(1) The interest rate on the deposit facility will be decreased by 10 basis points to -0.50%. The interest rate on the main refinancing operations and the rate on the marginal lending facility will remain unchanged at their current levels of 0.00% and 0.25% respectively. Continue reading
In his speech at the Central Banks economic symposium these days in Jackson Hole, the Governor of the Bank of England made some extremely curious statements.
Mark Carney said that dollar dominance in the global financial system increases the risks of the global liquidity trap, and that currencies like Libra will end dollar dominance. So what is the currency of the future Libra? And what is its threat to the modern financial system? Continue reading
For the first time in the last 10 years, the Federal Open Market Committee (FOMC) has decided to cut the interest rate by 0.25% to 2.25%.
Below is the full text of this historic decision. Continue reading
Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been rising at a strong rate.
Job gains have been strong, on average, in recent months, and the unemployment rate has remained low. Household spending has continued to grow strongly, while growth of business fixed investment has moderated from its rapid pace earlier in the year. Continue reading
At today’s meeting the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.
The Governing Council expects the key ECB interest rates to remain at their present levels at least through the summer of 2019, and in any case for as long as necessary to ensure the continued sustained convergence of inflation to levels that are below, but close to, 2% over the medium term. Continue reading
Information received since the Federal Open Market Committee met in May indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate.
Job gains have been strong, on average, in recent months, and the unemployment rate has declined. Continue reading
At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent.
The global economy has strengthened over the past year. Continue reading
The Bank of Canada today maintained its target for the overnight rate at 1 ¼ per cent.
The Bank Rate is correspondingly 1 ½ per cent and the deposit rate is 1 per cent. Continue reading
Experts from finanz.ru resource calculated that the transaction of the Central Bank of Russia in the international currency market in 2017 turned into a blow to the gold and currency reserves of Russia.
The Central Bank of the Russian Federation “did not guess” the dynamics of the euro to the dollar and suffered billions of losses on exchange rate differences, it follows from the data of the central bank and finanz calculations. Continue reading
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment.
At its meeting ending on 9 May 2018, the MPC voted by a majority of 7-2 to maintain Bank Rate at 0.5%. Continue reading
Statement by Reserve Bank Governor Adrian Orr:
The Official Cash Rate (OCR) will remain at 1.75 percent for some time to come.
The direction of our next move is equally balanced, up or down. Only time and events will tell. Continue reading
Information received since the Federal Open Market Committee met in March indicates that the labor market has continued to strengthen and that economic activity has been rising at a moderate rate.
Job gains have been strong, on average, in recent months, and the unemployment rate has stayed low. Continue reading
At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent.
The global economy has strengthened over the past year. Continue reading
On 27 April 2018, the Bank of Russia Board of Directors decided to keep the key rate at 7.25% per annum.
Annual inflation remains low. The April weakening in the ruble against the backdrop of geopolitical tension will be a factor for consumer price growth paces to quicken as they move closer to 4%. Continue reading
The Bank of Japan will apply a negative interest rate of minus 0.1 percent to the Policy-Rate.
Statement on Monetary Policy: Continue reading
At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.
The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases. Continue reading
The Bank of Canada today maintained its target for the overnight rate at 1 ¼ per cent.
The Bank Rate is correspondingly 1 ½ per cent and the deposit rate is 1 per cent. Continue reading
Since the Governing Council’s monetary policy meeting on 24-25 January 2018, despite a short-lived and concentrated spike in market volatility, valuations across broad asset classes had remained consistent with continued optimism about the outlook for global growth. Continue reading
At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent.
The global economy has strengthened over the past year. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. Continue reading
On 23 March 2018, the Bank of Russia Board of Directors decided to cut the key rate by 25 bp to 7.25% per annum.
Annual inflation remains sustainably low. Inflation expectations are diminishing progressively. The Bank of Russia forecasts annual inflation to be 3-4% in late 2018 and remain close to 4% in 2019. Continue reading
