The clamor is already building for the European Central Bank to take
further monetary policy easing steps at its forthcoming governing council meeting on March 10.
The clamor is already building for the European Central Bank to take further
monetary policy easing steps at its forthcoming governing council...
Strong export, import and inflation data from the U.K. in recent months have also reduced the likelihood of further
monetary policy easing from the Bank of England (BOE) and should consequently alleviate some pressure on sterling, according to research sent to clients from Singaporean bank, DBS, on Wednesday.
The yen has weakened 13 percent over the past three months to about 89.65 per dollar on expectations of
aggressive monetary policy easing by the Bank of Japan (BOJ).
CORPORATE FINANCING NEWS: FOREIGN EXCHANGE By Gordon Platt The dollar strengthened following a surprisingly strong US employment report for April, while the European Central Bank cut rates and hinted at
more monetary policy easing to come.
«There are indications that growth is likely to remain significantly below potential which, alongside an improved inflation outlook, provides some scope
for monetary policy easing,» he said.
Outpacing M2 (yellow) for two decades, MZM (green), the monetary base (orange) and my M3 proxy, the total liabilities of banks in the Federal Reserve really began to take off in the mid-90s, and accelerated further
as monetary policy eased starting in 2001.
«The expected fiscal consolidation and the subdued nature of the recovery are putting in place the conditions for the central bank to resume, in due course,
monetary policy easing in a manner consistent with the 4 percent inflation target.
Analysts expect the economy will grow 1.8 percent in the new fiscal year as the new government's stimulus spending, expectations of
further monetary policy easing and the yen's retreat will help the economy.
This adjustment is being aided by the ongoing US recovery, a lower Canadian dollar and the Bank's
monetary policy easing this year.
The monetary policy easings in the second half of 1996 have been fully passed on by banks to both businesses and home loan borrowers.
In total, the standard variable rate was lowered by 1 1/2 percentage points over and above the falls that accompanied the three
monetary policy easings.
The monetary policy easing cycle that involved many developed country central banks from mid 2002 to mid 2003 now appears to have largely run its course (Table 4).
The central bank's fast pace of
monetary policy easing is expected to slow down this year on the account of...
«The economic outlook has deteriorated,» he said, «and
some monetary policy easing will likely be required over the summer.»