- Thursday, 15 September 2016
- News
BoE holds interest rates steady
Bank of England policy makers indicated there’s still a chance of another rate cut this year as they assess the potential longer-term fallout from Britain’s decision to leave the European Union. While the nine-member Monetary Policy Committee noted that recent near-term data had been stronger than anticipated since the Brexit vote, it couldn’t draw inferences for its longer-term forecasts. Even though initial reports had been “slightly to the upside” of projections published in August, officials said their view of the “contours of the economic outlook” hadn’t changed.
Read more...- Monday, 12 September 2016
- News
Haldane indicates no negative rates for the UK
It is a steadier beginning of the week, with no major data releases today. Markets are awaiting for other news from the UK this week, especially BoE interest rate decision. One of the Bank of England’s most dovish policymakers has signalled that negative interest rates are not an effective tool to fight a UK economic downturn. Andy Haldane, the Bank’s chief economist, said the current environment of low interest rates had forced central bankers around the world to find different ways to cushion economic shocks.
Read more...- Thursday, 08 September 2016
- News
ECB left monetary policy unchanged
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 continues to expect the key ECB interest rates to remain at present or lower levels for an extended period of time, and well past the horizon of the net asset purchases.
Read more...- Tuesday, 06 September 2016
- News
RBA left interest rates unchanged
At its meeting today, RBA decided to leave the cash rate unchanged at 1.50 per cent. In Australia, recent data suggest that overall growth is continuing, despite a very large decline in business investment, helped by growth in other areas of domestic demand and exports. Labour market indicators continue to be somewhat mixed, but suggest continued expansion in employment in the near term.
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