Central bank policy makers have readily acknowledged economic reliance on credit - fueled consumption and investment.
Will
central bank policy makers continue to cut back on stimulus, especially with the recent turmoil in the markets.
Not exact matches
The vernacular of
central banking lacks elegance, but Canada's
policy makers make up for it with brevity.
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.
Poloz's press conference followed the release of the
central bank's December Financial System Review, which concluded that a record household debt burden makes Canada vulnerable to a housing crash, although
policy makers see little reason to think that will happen.
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.
He said the
central bank will be spending time on investigating whether there is a better way to measure trend inflation than the core rate
policy makers follow now.
With his first interest rate announcement this week, Poloz's run as
central policy maker at the
Bank of Canada is officially underway.
Australia's
central bank left its cash rate at 1.5 percent, a widely expected decision given
policy makers have signaled a steady outlook.
That takes pressure off the
central bank to cut interest rates, an important development as
policy makers reiterated that «financial vulnerabilities continue to edge higher.»
Puerto Rico isn't big enough to cause systemic damage, and while the situation in China is troubling, the
central bank's actions over the weekend at least show that
policy makers are on alert.
Policy makers say they are aware that all the
central bank has done is give them breathing room to set their houses in order; the bonds are due in just three years.
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 U.S. media are silent about the most important topic
policy makers are discussing here (and I suspect in Asia too): how to protect their countries from three inter-related dynamics: (1) the surplus dollars pouring into the rest of the world for yet further financial speculation and corporate takeovers; (2) the fact that
central banks are obliged to recycle these dollar inflows to buy U.S. Treasury bonds to finance the federal U.S. budget...
At the same time, the
policy makers said the
central bank should continue to support favorable financial conditions needed to sustain growth, according to the minutes.
Here it is important, in my view, for
policy -
makers to encourage markets to form their expectations on the basis of the
central bank behaving consistently with its announced inflation objective.
Plus,
policy -
makers will want to limit any further gains in the Canadian dollar, which is up almost 9 per cent since early June, when the
central bank first adopted a tightening bias.
International Monetary Fund Managing Director Christine Lagarde urged
policy makers to work more closely together as they plan eventual exits from unconventional monetary
policies, endorsing swap arrangements between
central banks as an instrument to weather instability.
Policy makers also are worried that a decade of ultra-low borrowing costs has made Canadians extra-sensitive to interest - rate increases, which could force the
central bank to take a slower path back to normal.
Created in 2009, the FSB helps to coordinate international monetary directives and brings together senior
policy makers from finance ministries,
central banks, and supervisory regulatory authorities.
And what's important there is, first, that the bubble is identified by a set of experts — a set of
policy makers who are focused on this issues — and, secondly, once the recommendations are made it's a broader political decision, not just the
central banking making the decision; it's a broader decision made by
policy makers and legislators about what to do about the problem.
Most
central banks are independent from other
policy makers.
When «hard money»
policy makers limited
central bank power, they assumed that public debts would be risk - free.
Last week,
policy makers at the
central bank, the People's Bank of China (PBOC), tinkered with the currency without providing much indication to the market about its endgame — one factor in the China market selloff that spurred a global stock r
bank, the People's
Bank of China (PBOC), tinkered with the currency without providing much indication to the market about its endgame — one factor in the China market selloff that spurred a global stock r
Bank of China (PBOC), tinkered with the currency without providing much indication to the market about its endgame — one factor in the China market selloff that spurred a global stock rout.
That has prompted experts, as well as some Fed officials, including Williams, to argue that this would be a good time for the
central bank to rethink how it approaches monetary
policy, something that
policy -
makers will have to do without Yellen's long experience and expertise in economics.
It was the same when Fed
policy -
makers announced in September that they would begin gradually reducing the
central bank's $ 4.5 - trillion balance sheet, as Yellen had meticulously prepared financial markets with a clear timetable and road map for the reduction.
Since April, the
Bank of Canada had been talking about a potential rate increase in the context of an «economic expansion» that failed to achieve the velocity that policy makers expected, keeping a lid on inflation, which the central bank is mandated to contain at an annual rate of about 2 per c
Bank of Canada had been talking about a potential rate increase in the context of an «economic expansion» that failed to achieve the velocity that
policy makers expected, keeping a lid on inflation, which the
central bank is mandated to contain at an annual rate of about 2 per c
bank is mandated to contain at an annual rate of about 2 per cent.
The European
Central Bank has woken up to the risks digital currencies can pose to
policy makers» bread - and - butter business: the economy.
(Bloomberg)-- Federal Reserve Chair Janet Yellen said an interest - rate increase would «likely be appropriate» at the
central bank's upcoming meeting if employment and inflation continue to meet
policy makers» expectations.