In recognizing the catalysts behind the public's persistence to save and reluctance to spend, additional analysis by policymakers should focus on the efficacy of further rate cuts on spending and investment, as well as potential «roundabout» benefits of a more normal rates regime to affirm support toward the public's saving objectives, with the end goal of boosting public's risk sentiment and perceptions of future economic stability. (kekselias.com)
Mario Draghi dashed hopes of further rate cuts in the near future as he hinted that there was no discussion of monetary relaxation at yesterday's meeting. (perspectives.pictet.com)
New Zealand's central bank on Tuesday signaled further rate cuts to stoke anemic inflation but said that moving too fast risks inflaming a hot housing market, triggering a jump in the kiwi dollar. (fortune.com)