Sentences with phrase «by central bank policy»

It connotes that whatever the central bank policy might be, it will drive a market outcome; whatever the market outcome, it was driven by a central bank policy.
Driven by a debt binge by the E&P space, which was enabled by the central bank policy, the U.S. oil industry was able to achieve record oil production.
Excessive liquidity - creation by central bank policies has created a dangerous liquidity mismatch.
Investors may find credit spreads and the corresponding risk premiums to be an attractive means of earning positive real returns while real yields on government bonds are being repressed by central bank policies.
Between the perennial risks of the unregulated shadow banking sector and speculation fueled by central bank policies to the prospect of a sudden crackdown on whatever the bureaucrats designate as «corruption,» the world's second largest stock market — and second largest economy — has been excessively interesting.

Not exact matches

Under this hypothetical policy, governments transfer money directly to taxpayers to encourage spending, a handout funded by issuing bonds with a coupon of zero and no maturity date, which central banks buy.
The euro, which has been knocked by weaker - than - expected economic data and growing doubts about when the European Central Bank will normalize its monetary policy, fell 0.67 percent against the greenback to $ 1.998.
Many on Bay Street and Wall Street actually prefer the Canadian central bank's commitment to talking with one voice, compared to the mixed messages sent by the Fed's freewheeling policy makers.
Lane added some texture to the central bank's decision to increase interest rates, saying policy makers were encouraged by «widespread strength» in exports and business investment.
A former member of the Bank of England (BOE) told CNBC it's «unwise» for the central bank to stick to a long - term policy strategy in case it gets wrong - footed by new economic dBank of England (BOE) told CNBC it's «unwise» for the central bank to stick to a long - term policy strategy in case it gets wrong - footed by new economic dbank to stick to a long - term policy strategy in case it gets wrong - footed by new economic data.
This comes after years of record low rates across the globe due to aggressive monetary policy by central banks.
The yield on the U.S. 10 - year Treasury jumped to its highest level since 2014 on Friday morning, underlining a wider move in bond markets caused by central banks moving away from financial crisis policies.
Though the European Central Bank has been encouraged by the economy's momentum, it's still pursuing crisis - era stimulus policies to get the annual rate of inflation back to its goal of just below 2 percent.
Ahead of a Bank of Japan leadership change, central bankers are considering the possibility of shifting policy closer to the quantitative easing campaign of the last decade, hoping it will give policy the kick demanded by Prime Minister Shinzo Abe.
That debate takes place internally at the central bank, where contrasting views are regularly articulated by members of the Federal Open Market Committee (FOMC) as our Federal Reserve (Fed) policymakers attempt to steer monetary policy with regard to interest rates.
Powell said individual Fed members will be crafting new projections at the central bank's meeting in March, which would be influenced by federal government's ambitious fiscal policies including tax cuts.
He has implemented a massive stimulus policy by cutting the central bank's benchmark interest rate to negative, keeping the 10 - year Japanese government bond yield near 0 percent in an effort to control the yield curve and stepping up the Bank of Japan's asset purchabank's benchmark interest rate to negative, keeping the 10 - year Japanese government bond yield near 0 percent in an effort to control the yield curve and stepping up the Bank of Japan's asset purchaBank of Japan's asset purchases.
The policies are likely to have deleterious impacts, including creating inflation that must be stomped out by the central bank.
The most important policy action for mitigating the damage of a recession is for the central bank to keep interest rates low, according to the respondents, followed by increasing spending on transportation and other infrastructure projects.
The Philippine central bank has set up a separate cyber security surveillance division to craft cyber security policies and conduct surveillance work, monitor cyber threats and test the ability of supervised institutions to manage cyber security issues, Nestor Espenilla central bank deputy governor in charge of banking supervision, said in a lecture organized by the bank.
Gundlach has been critical of negative interest rate policies used by central banks outside of the US such as the Bank of Japan and the European Centracentral banks outside of the US such as the Bank of Japan and the European CentralCentral Bank.
History has shown that market and economic volatility can be subdued — by central bank edict, monetary policy, or the adoption of hedges — for only so long.
OSLO - Norway Central Bank holds Announcement of the Executive Board's interest rate decision and publication of Monetary Policy followed by press conference 0900 GMT STOCKHOLM - Riksbank executive board meeting 0800 GMT.
If Yellen's Fed fails to convince Wall Street about the policy path, a rate increase could trigger financial turmoil of the sort seen in 2013, when investors were caught off guard by the central bank signaling an end to its bond - buying program.
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.
In the currency markets, the differing messages of the world's major central banks on inflation and monetary policy prodded the dollar higher against the yen ahead of a series of appearances by U.S. Federal Reserve officials this week.
This is part of the long - running worry that the new monetary policy activism inspired by the financial crisis threatens central banks» political independence.
«I believe policymakers should have been much more aggressive in tightening policy and rejecting the fiscal impropriety associated with this most recent tax cut... The die has been cast by the Fed and other central banks and future policy prescriptions are predictable.»
The U.S. central bank's monetary - policy committee raised benchmark borrowing costs by a quarter percentage point to a range of 1.5 % to 1.75 %, in Jerome Powell's first meeting as Fed chairman.
If a central bank eases monetary policy, it stimulates the economy, largely by encouraging households and companies to borrow more and pushing up the prices of many types of financial assets.
Some central banks, including the Bank of England and the European Central Bank, condition their forecasts on paths implied by financial market prices; others, including the Sveriges Riksbank and the Norges Bank, condition their forecasts on staff expectations of the future policy interescentral banks, including the Bank of England and the European Central Bank, condition their forecasts on paths implied by financial market prices; others, including the Sveriges Riksbank and the Norges Bank, condition their forecasts on staff expectations of the future policy interesCentral Bank, condition their forecasts on paths implied by financial market prices; others, including the Sveriges Riksbank and the Norges Bank, condition their forecasts on staff expectations of the future policy interest rate.
This might mean, for example, that the central bank would need to run a more stimulative policy than it would have otherwise to offset the effect of macroprudential policies, and the macroprudential authority would impose more stringent measures than it would have otherwise to counteract the leverage and risk taking generated by looser monetary policy.
After all, when a central bank influences the cost of financing through changes in the policy interest rate, its actions affect the economy by changing asset prices, encouraging or discouraging risk taking, and influencing credit flows.
The notion is that by pursuing a slightly tighter monetary policy, the central bank would take out insurance against the risk that the rise in asset prices is a bubble and that its busting would be disruptive.
With the global economy «floating on an ocean of credit,» the current acceleration of credit via central bank policies will likely produce a positive rate of real economic growth this year for most developed countries, PIMCO chief Bill Gross writes in his latest monthly commentary, but «the structural distortions brought about by zero bound interest rates will limit that growth and induce serious risks in future years.»
Controlled inflationary pressures also support our expectation of further policy accommodation by Asian central banks.
The central bank knows that every period a fraction 1 / n of the sticky price firms will cut their prices by 5 %, and to offset this it loosens monetary policy just a little so that the flexible price firms raise their prices by (5 / n) %.
News can affect yields by offering market participants insight into economic fundamentals and shaping their expectations of central banks» future monetary policy decisions.
Over 2018, we expect the direction of European fixed income markets to be determined principally by European Central Bank (ECB) monetary policy and the political backdrop, in much the same way as these two factors have dominated 2017.
Because of QEs, the associated «twist,» and similar policies by the Bank of England (BOE), Bank of Japan (BOJ) and Eropean Central Bank (ECB), he adds, several trillion dollars of «base money» has been added to global central bank vauBank of England (BOE), Bank of Japan (BOJ) and Eropean Central Bank (ECB), he adds, several trillion dollars of «base money» has been added to global central bank vauBank of Japan (BOJ) and Eropean Central Bank (ECB), he adds, several trillion dollars of «base money» has been added to global central bank Central Bank (ECB), he adds, several trillion dollars of «base money» has been added to global central bank vauBank (ECB), he adds, several trillion dollars of «base money» has been added to global central bank central bank vaubank vaults.
By conducting policy in a transparent way and communicating what is important in determining the central bank's reaction function, I think policymakers can strike the best balance between a monetary policy that fully incorporates the complexity of the world as it is, while, at the same time, retaining considerable clarity about how the FOMC is likely to respond to changing circumstances.
Negative interest rate policies are another unconventional tool currently being employed by many central banks.
For now, that volatility is being suppressed by, in many instances, ultra-accommodative central bank policies throughout the developed economies.
These accelerated periods coincided with recessions and economic weakness, during which expansionary monetary policy was deployed by the central bank.
He was then followed by the European Central Bank and the central bank of Japan that are introducing their own monetary stimulus poCentral Bank and the central bank of Japan that are introducing their own monetary stimulus policBank and the central bank of Japan that are introducing their own monetary stimulus pocentral bank of Japan that are introducing their own monetary stimulus policbank of Japan that are introducing their own monetary stimulus policies.
The policy response by inflation - targeting central banks has been very rapid as the crisis has unfolded, notwithstanding the fact that in some cases, the current level of inflation was above the target range.
Jacob Frenkel, 70, is the original economist - turned - policy - maker, the first to blaze a trail well - travelled now by Ben Bernanke and several others, from seminar room to chairman's office of a central bank.
The decision by the central bank's policy setting panel was in line with the expectations of markets and economists, who had given only low odds to governor Mark Carney removing a mild bias towards raising rates sometime.
Those who worry that the increase in reserves caused by cash transfers to households will cause inflation or create major central bank balance sheet problems down the road, no longer need to oppose this policy.
Others have objected that cash transfers — even if implemented by central banks — are really «fiscal» not «monetary» policy.
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