Sentences with phrase «monetary policy path»

November's model portfolio highlights the divergent monetary policy paths likely to be undertaken by the European Central Bank and the Fed in the coming months.

Not exact matches

Asked to comment on the BOK's future monetary policy, Lee reiterated his earlier stance that the bank will continue to monitor the path of growth and inflation.

«Despite this progress on the real side of the economy, from a monetary policy perspective our task is not complete, as we have not yet seen a sustained adjustment in the path of inflation,» Draghi told the audience.

A steepening yield curve It is broadly expected that President Trump's Federal Reserve Chair choice Jerome Powell will keep the Fed on its path towards monetary policy normalization.

To measure the natural rate, I use a structural model described in Cúrdia et al. (2015) and incorporate the effects of forward guidance — monetary policy announcements about what path the interest rate is likely to follow.

The challenge for monetary policy makers is to look at this complex and changing picture of price changes and try to gauge the forces that are operating on underlying inflation and so judge the likely future path of overall inflation.

The US Dollar was boosted overnight by prospects of Fed continuing the path of gradual monetary policy normalization in light of inflation in the US approaching the targeted levels but retreated somewhat during the European trading on Thursday on profit - taking.

Should monetary policy drop its inflation target and instead do whatever it takes to maintain a stable growth path for nominal GDP, no matter what that requires it do, no matter what fiscal policy is?

In particular, markets seemed to conflate tapering with monetary policy tightening and raised their expected paths for policy rates.

and yet in this example you tie down a higherprice level by the manifest irresponsibility of this policy via the negative carry implying an explosive path for the future monetary base.

In the political sphere, the comments made by the Government, the Opposition and others showed that we have gone a long way down the path of de-politicising monetary policy.

«We are all globally on a path to recovery, still fragile, not yet strong enough, and with this very strong support from the unconventional monetary policy,» Lagarde said in a Bloomberg Television interview with Sara Eisen.

If projections were conditioned on the Fed's intended path of monetary policy rather than what the market expects they would be even lower.

To keep the economy on a sustainable path, I expect that it will be appropriate to remove monetary policy accommodation at a regular but gradual pace — and perhaps a bit faster than the three, one - quarter point increases envisioned for this year in the assessment of appropriate policy from the December 2017 FOMC meeting.

I think the last rate cut also showed that the efficacy of the move was more limited than the BoC let on, with most of the net stimulus (through the FX channel) ultimately a function of the projected path for U.S. monetary policy.

The FOMC allowed these declining expectations to form by failing to signal an offsetting change in the expected path of monetary policy in its August and September FOMC meetings.

Most countries in South America have moved in a different path, with a more pro-market stance, a fiscally conservative approach, credible monetary policy, a proactive business environment and outward - looking trade.

The ECB head said that «overall, while we can be more confident about the path of inflation, patience and persistence with regard to monetary policy is still warranted for underlying inflation pressures to build up and inflation to converge durably towards our objective.»

It is possible that a large part of the decline in implied volatilities of interest rates can be attributed to reduced uncertainty about the future path of monetary policy at that turning point.

This re-appraisal of the likely path for US monetary policy gathered pace when some of the other more dovish members of the Fed's rate - setting panel appeared to change tack and indicate they believed rates should rise soon.

Market participants closely studied ECB President Mario Draghi's accompanying remarks for any clues about the path ahead for monetary policy, but he batted away suggestions of any changes to the ECB's bond - purchasing program.

In those instances, once the Fed achieved its desired response it eased monetary policy once again, and the economy resumed its normal growth path.

This supportive fiscal and monetary policy will help Modi and his reform allies stay on their structural - reform path, much as Japan's aggressive policy mix has helped Shinzo Abe.

«Bond yields, even a few weeks ago, were extraordinarily low relative to the likely path of monetary policy in the years ahead,» he said.

His preferred rule, however, is to minimize «the variance around an approved target path of nominal domestic final sales» — an objective that «is probably the most that can be expected of monetary policy» (p. 285).

Of course, this strategy depends largely on the path of inflation and corresponding monetary policy.

Denmark's National bank has become the latest central bank to make a sudden move on monetary policy to help steer its currency down a certain path.

The BoJ kept monetary policy steady in March 2017, continuing the diverging policy paths of central banks.

Despite what you might think of Jerome Powell's inclination to follow Janet Yellen's steps, the question of whether the selected path of the monetary policy tightening will remain the same remains open at least until we see the first statement released under the new governance.

In general, I don't like the way monetary policy is going, but I will say that we are taking a policy path that is close to optimal in the short run (though I would be expanding the monetary more aggressively).