- Wednesday, 02 November 2016
- News
Fed ready for a December rate hike
Federal Reserve policy makers left interest rates unchanged while saying the argument for higher borrowing costs strengthened further amid accelerating inflation, reinforcing expectations for a hike next month.“The committee judges that the case for an increase in the federal funds rate has continued to strengthen but decided, for the time being, to wait for some further evidence of continued progress toward its objectives,” the Federal Open Market Committee said in a statement Wednesday following a two-day meeting in Washington. The decision was 8-2.
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- Tuesday, 01 November 2016
- News
RBA kept interest rates unchanged
The Reserve Bank of Australia kept the cash rate at a record low 1.5% as expected on Tuesday with its policy stance unchanged. Taking account of the available information, and having eased monetary policy at its May and August meetings, the Board judged that holding the stance of policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time.
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- Friday, 21 October 2016
- News
ECB leaves open door for more stimulus
The European Central Bank left ultra-loose monetary policy unchanged on Thursday but kept the door open to more stimulus in December, firmly shooting down any talk of tapering its 1.7 trillion euro asset-buying program. Offering few clues to the euro zone central bank's next move, ECB President Mario Draghi left a wide range of options on the table and emphasized that a long-awaited rise in inflation is predicated on "very substantial" monetary accommodation.
Read more...- Tuesday, 04 October 2016
- News
RBA left interest rates unchanged
The Reserve Bank of Australia held the cash rate steady as expected at a record low 1.50%, but cited the strong Australian dollar as a concern, as new Governor Philip Lowe released the first decision of his term. Low interest rates have been supporting domestic demand and the lower exchange rate since 2013 has been helping the traded sector.
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