First, financial market conditions matter in determining
the appropriate stance of monetary policy.
A sensible assessment of
the appropriate stance of monetary policy must take these trade - offs into account.
Not exact matches
Specifically, we expect that a highly accommodative
stance of monetary policy will remain
appropriate for a considerable time after the economy strengthens.
Taking all
of these developments into consideration, the Bank judges that the risks to the outlook for inflation remain within the zone for which the current
stance of monetary policy is
appropriate.
Given all
of this, we judged that the current
stance of monetary policy is still
appropriate and maintained the target for the overnight rate at 1/2 per cent.
Overall, the Bank's Governing Council judges that the current
stance of monetary policy remains
appropriate.
The Bank's Governing Council judges that the overall balance
of risks remains within the zone for which the current
stance of monetary policy is
appropriate, and the target for the overnight rate remains at 1/2 per cent.
Thus, this needs to be taken into consideration in terms
of the
appropriate stance for U.S.
monetary policy.
The post-Board statements I issued each month at successive meetings said that the Board viewed the
stance of monetary policy as remaining
appropriate for the outlook.
Therefore, the Bank's Governing Council judges that the current
stance of monetary policy is still
appropriate, and the target for the overnight rate remains at 1/2 per cent.
I merely wish to record that from about the middle
of 1999, markets around the world began to recognise that the accommodative
stance of monetary policy by major central banks that had been so
appropriate for 1998 and early 1999 was starting to look less
appropriate as 1999 progressed and strengthened.
Given all
of this, we judged that the current
stance of monetary policy remains
appropriate and maintained the target for the overnight rate at one half per cent.
Only as we became confident that the recovery was securely established, would I expect our
monetary policy stance to evolve to ensure that it remained
appropriate to achievement
of our objective: maximum sustainable employment in the context
of price stability.
The September FOMC statement noted: the Committee expects «that a highly accommodative
stance of monetary policy will remain
appropriate for a considerable time after the recovery strengthens.»
Taking all
of these developments into consideration, the Bank judges that the current
stance of monetary policy remains
appropriate.
In this context, as complex and uncertain as our situation is, Governing Council decided that the current
stance of monetary policy remains
appropriate.
To conclude, in the context
of a projection that is largely unchanged, the Bank's Governing Council judges that the current
stance of monetary policy is still
appropriate and maintains the target for the overnight rate at 1/2 per cent.
In our March statement we indicated that our current
monetary policy stance remained
appropriate to achieve our 2 per cent inflation target on a sustainable basis by around the middle
of 2018, whereas US authorities have now begun to tighten.
Based on the outlook for inflation and the evolution
of the risks and uncertainties identified in October's MPR, Governing Council judges that the current
stance of monetary policy remains
appropriate.
In the context
of a projection that is largely unchanged, the Bank's Governing Council judges that the current
stance of monetary policy is still
appropriate and maintains the target for the overnight rate at 1/2 per cent.
Building on continued progress in improving the effectiveness
of its inflation targeting framework, BOG remains committed to maintaining an
appropriate monetary policy stance to bring inflation down toward its medium - term objective.
To support continued progress toward maximum employment and price stability, the Committee expects that a highly accommodative
stance of monetary policy will remain
appropriate for a considerable time after the economic recovery strengthens.
The Bank
of Canada held its benchmark overnight rate at 1 percent on October 25th, 2017, after a surprise hike at the previous meeting, saying that the current
stance of monetary policy is
appropriate.
To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that a highly accommodative
stance of monetary policy will remain
appropriate for a considerable time after the asset purchase program ends and the economic recovery strengthens.
To support continued progress toward maximum employment and price stability, the Committee expects that a highly accommodative
stance of monetary policy will remain
appropriate for a considerable time after the asset purchase program ends and the economic recovery strengthens.
To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that a highly accommodative
stance of monetary policy remains
appropriate.