- Tuesday, 16 February 2016
- News
RBA says low inflation may provide scope for easier monetary policy
Australia’s central bank said record-low interest rates are underpinning consumer spending and house building while a lower currency is improving firms’ competitiveness. “Members noted that recent domestic data had, on balance, been positive and judged that there were reasonable prospects for growth to increase gradually over the forecast period,” the Reserve Bank of Australia said Tuesday in minutes of its Feb. 2 policy meeting when rates were left unchanged at 2 percent.
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- Thursday, 04 February 2016
- News
BoE left interest rates unchanged, cuts growth and inflation forecasts
Bank of England policy maker Ian McCafferty dropped his call for an interest-rate increase as officials cut their growth and inflation forecasts and signaled borrowing costs will stay low. The Monetary Policy Committee led by Governor Mark Carney left the benchmark at a record-low 0.5 percent, as the nine-member panel voted unanimously for the first time since July last year. While the rate outcome was forecast by all economists in a Bloomberg survey, just three out of 25 predicted the vote switch.
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- Tuesday, 02 February 2016
- News
RBA left interest rates unchanged
The Reserve Bank of Australia held its cash rate at a record low 2% Tuesday as expected on Tuesday, signalling scope for easier policy if future economic data warrants such a move. In a statement, the RBA said the Australian economy was getting better. “The expansion in the non-mining parts of the economy strengthened during 2015… Surveys of business conditions moved to above average levels, employment growth picked up and the unemployment rate declined in the second half of the year, even though measured GDP growth was below average.”
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- Wednesday, 27 January 2016
- News
Fed leaves interest rates unchanged
Federal Reserve officials left interest rates unchanged and said they still expect to raise borrowing costs at a “gradual” pace while watching to see how the global economy and markets impact the U.S. outlook. The Federal Open Market Committee is “closely monitoring global economic and financial developments and is assessing their implications for the labor market and inflation, and for the balance of risks to the outlook,” the central bank said in a statement Wednesday following a two-day meeting in Washington. The Fed omitted a line from the previous statement in December saying the risks to the outlook were “balanced.”
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