China's yuan is forecast to weaken just 2 percent this year
as the central bank lowers its midpoint fixings and the dollar rises in anticipation of higher interest rates in the United States.
Not exact matches
European bourses closed mostly
lower on Monday
as investors reacted to fresh economic data and awaited an upcoming monetary policy meeting from the European
Central Bank (ECB).
European markets closed
lower on Thursday
as investors digested comments from President Donald Trump and focused on minutes from key
central banks.
Interest rates are
low throughout the developed world, except in countries experiencing fiscal crises,
as central banks and other policymakers try to cope with continuing financial strains and weak economic conditions.
European markets continued
lower Thursday
as investors reacted to the European
Central Bank keeping interest rates unchanged.
Similarly, the euro, which briefly hit its
lowest since March 15, was on track for its worst week in seven
as investors this week have revised their expectations for when the European
Central Bank will begin to tighten monetary policy.
The euro fell to a two - week
low versus the dollar, for its biggest weekly drop in two months,
as investors trimmed record high bets before a European
Central Bank meeting next week where policymakers are largely expected to signal no change in policy.
«That alone will result in
lower interest costs, an expense that will climb
as central banks will be obligated to increase rates to combat inflation.»
This morning, the European
Central Bank kept interest rates unchanged at record
lows,
as expected, but European markets could take another turn depending on what happens when European
Central Bank president Mario Draghi takes questions later this morning.
FRANKFURT, Oct 4 - Key Euribor
bank - to - bank lending rates hit fresh record lows on Thursday, as the markets were expecting the European Central Bank to provide hints whether it planned to cut interest rates furt
bank - to -
bank lending rates hit fresh record lows on Thursday, as the markets were expecting the European Central Bank to provide hints whether it planned to cut interest rates furt
bank lending rates hit fresh record
lows on Thursday,
as the markets were expecting the European
Central Bank to provide hints whether it planned to cut interest rates furt
Bank to provide hints whether it planned to cut interest rates further.
LONDON, Oct 3 - Key Euribor and Libor
bank - to - bank rates hit fresh record lows on Wednesday, as the huge volume of cash pumped into the banking system by the European Central Bank and the prospect of further cuts in its interest rates extended a year - long sl
bank - to -
bank rates hit fresh record lows on Wednesday, as the huge volume of cash pumped into the banking system by the European Central Bank and the prospect of further cuts in its interest rates extended a year - long sl
bank rates hit fresh record
lows on Wednesday,
as the huge volume of cash pumped into the
banking system by the European
Central Bank and the prospect of further cuts in its interest rates extended a year - long sl
Bank and the prospect of further cuts in its interest rates extended a year - long slide.
LONDON, Oct 3 (Reuters)- Key Euribor and Libor
bank - to - bank rates hit fresh record lows on Wednesday, as the huge volume of cash pumped into the banking system by the European Central Bank and the prospect of further cuts in its interest rates extended a year - long sl
bank - to -
bank rates hit fresh record lows on Wednesday, as the huge volume of cash pumped into the banking system by the European Central Bank and the prospect of further cuts in its interest rates extended a year - long sl
bank rates hit fresh record
lows on Wednesday,
as the huge volume of cash pumped into the
banking system by the European
Central Bank and the prospect of further cuts in its interest rates extended a year - long sl
Bank and the prospect of further cuts in its interest rates extended a year - long slide.
LONDON, Oct 3 - Key Euribor
bank - to - bank lending rates hit fresh record lows on Wednesday, as the huge volume of cash pumped into the banking system by the European Central Bank and the prospect of further cuts in its interest rates extended a year - long sl
bank - to -
bank lending rates hit fresh record lows on Wednesday, as the huge volume of cash pumped into the banking system by the European Central Bank and the prospect of further cuts in its interest rates extended a year - long sl
bank lending rates hit fresh record
lows on Wednesday,
as the huge volume of cash pumped into the
banking system by the European
Central Bank and the prospect of further cuts in its interest rates extended a year - long sl
Bank and the prospect of further cuts in its interest rates extended a year - long slide.
LONDON, March 19 - Gold touched its
lowest in more than two weeks on Monday
as markets remained nervous ahead of a U.S.
central bank meeting that could raise interest rates and signal three more increases this year.
While New Zealand's official cash rate is already at a record -
low 2 % after the latest cut in August, it is still the highest in the developed world — a major draw for yield - hungry investors and a complication for the
central bank as a higher kiwi further dampens imported - led inflation.
The recommendations were similar for
central banks everywhere from the U.S. and the U.K. (which the OECD flagged
as having perilously
low rates) to developing economies like China, India and Brazil.
Another
central bank struggling with too - low inflation is the Reserve Bank of New Zealand, which held rates steady on Thursday but renewed a pledge to cut again even as much of the domestic economy grows bris
bank struggling with too -
low inflation is the Reserve
Bank of New Zealand, which held rates steady on Thursday but renewed a pledge to cut again even as much of the domestic economy grows bris
Bank of New Zealand, which held rates steady on Thursday but renewed a pledge to cut again even
as much of the domestic economy grows briskly.
Gold fell on Thursday
as the European
Central Bank's reaffirmation of its ultra-easy policy stance pushed the euro
lower against the dollar, although moves were muted before a news conference by ECB chief Mario Draghi.
Yet while the Fed has eased policy to
lower joblessness and raise inflation in the wake of the 2007 - 2009 recession,
central banks such
as the BoE have also launched accommodative bond - buying programs despite higher - than - desired inflation rates.
As I said, the greenback's been on the decline for most of the year so far, but it slumped to a 13 - month
low against the euro last week following European
Central Bank (ECB) president Mario Draghi's remark that «monetary accommodation» would continue in the European Union (EU) until at least the end of the year.
Not only did the Zero
Lower Bound turn out to be not so debilitating as all that — rather than work their will via interest rates, central banks took to injecting money directly into the economy via large - scale asset purchases — but it does not even seem to be the lower bound: central banks, notably in Europe, have successfully experimented with negative interest r
Lower Bound turn out to be not so debilitating
as all that — rather than work their will via interest rates,
central banks took to injecting money directly into the economy via large - scale asset purchases — but it does not even seem to be the
lower bound: central banks, notably in Europe, have successfully experimented with negative interest r
lower bound:
central banks, notably in Europe, have successfully experimented with negative interest rates.
If
lower oil prices are
as bad for Canada's economy
as rate - cutting
Bank of Canada Governor Stephen Poloz insists, the central bank might consider assessing the risks to the economy in a world where constraining carbon emissions becomes less of an abstract notion and more of a daily real
Bank of Canada Governor Stephen Poloz insists, the
central bank might consider assessing the risks to the economy in a world where constraining carbon emissions becomes less of an abstract notion and more of a daily real
bank might consider assessing the risks to the economy in a world where constraining carbon emissions becomes less of an abstract notion and more of a daily reality.
Quick answer: no,
as the European
Central Bank, which has an inate fear of inflation, felt compelled on Thursday by the economic crisis in Europe to cut its benchmark interest rates by 0.25 percentage points, bringing the refinancing rate to a record
low of 0.75 % and the overnight deposit rate to zero.
Gross writes that, «Soaring debt / GDP ratios in previously sacrosanct AAA countries have made
low - cost funding increasingly a function of
central banks as opposed to private market investors.»
World growth will remain
low on average but negative in the UK and Europe; price inflation will remain sufficiently subdued for a while longer so
as to impose no constraint on monetary expansion;
central banks will sustain a regime of negative real interest rates and rapid monetary expansion; the risk of a eurozone collapse is off the table for now; finally, stock markets should continue to perform better than expected, even though the four - year old cyclical bull market is long by historical standards.
As expected, the European
Central Bank made no changes to its monetary policy on Thursday, keeping rates at record
lows.
While the
central bank's base case estimate is somewhere between 2.5 per cent and 3.5 per cent, it's possible it could be
as low as the current policy rate of 1.25 per cent.
The forint fell to a record
low against the euro last week after the International Monetary Fund and the European Union broke off talks on Hungary's bid for a bailout
as Orban refused to withdraw new
central bank regulations the institutions objected to.
By Claire Milhench (Reuters)- Investors raised their equity holdings in April from March's five - year
lows, taking the view that the global stock market rally will continue
as long
as central banks maintain their loose monetary policies, a Reuters poll showed on Friday.
Australia's
central bank signaled today it may resume cutting interest rates
as soon
as next month if weaker - than - forecast growth slows inflation, sending the local currency and bond yields
lower.
The 2008 financial crisis saw interest rates in the UK fall to historical
lows of 0.50 percent in March 2009,
as the
central bank went all out to help the UK economy recover from the global liquidity crunch.
The yuan lost against the greenback in the previous day to
as low as 6,5430 after the
central bank changes two regulations on foreign exchange, seeming to indicate to let the yuan move more freely.
The euro continued to weaken amid growing expectations that
low inflation will push the European
Central Bank to cut interest rates, possibly
as early
as next week.
From May to August, forex volatility was at a 20 - year sustained
low,
as low interest rates from
central banks crushed currency movement.
Implied volatilities gradually declined around the world in the second half of 2003,
as it became clearer that the easing cycle was drawing to a close, with some
central banks beginning to tighten monetary policy after a prolonged period of relatively
low and stable interest rates.
The effect in either case would be to tax a few generations heavily, to buy securities that later will be sold in such large quantities
as to
lower their price, creating a chronic stock market depression (or bond - market slump) that raises interest rates — unless the
central bank monetizes the sale.
As has been the case in many Western countries,
central banks have expressed frustration at the stubbornly
low levels of inflation.
Meanwhile, much of the impact of the European
Central Bank's (ECB) highly anticipated quantitative easing (QE) program appears to have been realized,
as interest rates in periphery bonds reached their
lows in March around the time of program implementation and more recently core rates (French and German) appear to have bounced significantly off of their
lows.
-LRB-...) China's
central bank determines a daily reference point for the yuan, also known
as renminbi, then lets it trade 1 % higher or
lower.
Likewise, many emerging - market
central banks reacted to slower growth and
lower inflation by cutting policy rates
as well.
European
central banks party to the Central Bank Gold Agreement have renewed their five - year gold agreement, which will lower the annual sales limit to 400 metric tons of gold and allow for the International Monetary Fund to join as a new signatory if it wis
central banks party to the
Central Bank Gold Agreement have renewed their five - year gold agreement, which will lower the annual sales limit to 400 metric tons of gold and allow for the International Monetary Fund to join as a new signatory if it wis
Central Bank Gold Agreement have renewed their five - year gold agreement, which will
lower the annual sales limit to 400 metric tons of gold and allow for the International Monetary Fund to join
as a new signatory if it wishes to.
We see
central banks nearing the limits of extraordinary monetary easing,
low returns across most asset classes
as well
as higher equity and bond volatility amid looming political risks and Federal Reserve (Fed) tightening.
ECB signals a
lower sense of urgency European
Central Bank president Mario Draghi said this week that deflation risks in the eurozone have «largely disappeared,»
as ECB inflation forecasts were raised to 1.7 % from 1.3 % for 2017 and 1.6 % from 1.5 % in 2018.
Though the US yield curve remained some way from inversion — which historically is often cited
as signaling an impending recession — investors were relatively sanguine about the significance of its flattening, with many arguing that
low long - term yields were more reflective of
central -
bank policies and the weak inflationary environment than dimmer economic prospects.
The
central bank also highlighted a stronger dollar
as a barrier to U.S. inflation climbing toward the Fed's 2 % target, stoking hopes for a sustained period of
low interest rates.
Among the explanations that have been put forward are the increased credibility of
central banks in controlling inflation (inflation rates remain below 3 per cent across the developed world), the
low level of official interest rates in the major economies reflecting
low inflation and the continuing weakness in some economies, a glut of savings on world markets particularly sourced from the Asian region, and changes to pension fund rules in some countries which are seen
as biasing investments away from equities towards bonds.
Often referred to
as «easy monetary policy,» this description applies to many
central banks since the 2008 financial crisis,
as interest rates have been
low and in many cases near zero.
And
central banks in Sweden and Hungary cut interest rates, the latest efforts elsewhere in Europe to boost struggling economies
as inflation remains
low.
Low Inflation Tests World's
Central Banks Inflation is slowing across the developed world despite ultralow interest rates and unprecedented money - printing campaigns, posing a dilemma for the Fed and other major central banks as they plot their next policy
Central Banks Inflation is slowing across the developed world despite ultralow interest rates and unprecedented money - printing campaigns, posing a dilemma for the Fed and other major central banks as they plot their next policy m
Banks Inflation is slowing across the developed world despite ultralow interest rates and unprecedented money - printing campaigns, posing a dilemma for the Fed and other major
central banks as they plot their next policy
central banks as they plot their next policy m
banks as they plot their next policy moves.
Even traditionally
low - risk assets such
as U.S. Treasuries and German bunds have arguably entered bubble territory, spurred by those measly or negative interest rates and
central bank buying.