And GDP growth may prove irrelevant — since positive / accelerating growth is likely to underpin / encourage market sentiment & valuations, whereas weak / negative growth will simply elicit fresh expectations
of central bank stimulus.
But after 8 years
of central bank stimulus, it's become pretty obvious that Janet Yellen can't do it all on her own.
Not exact matches
Like some other hedge funds betting on economic trends in developed markets, a lack
of volatility amid years
of central -
bank stimulus made it difficult to make money.
Meanwhile, a member
of the European
Central Bank, Sabine Lautenschlaeger, said Tuesday that the bank could «soon» start planning tapering its monetary stimulus, Reuters repor
Bank, Sabine Lautenschlaeger, said Tuesday that the
bank could «soon» start planning tapering its monetary stimulus, Reuters repor
bank could «soon» start planning tapering its monetary
stimulus, Reuters reported.
Federico Sturzenegger, the chairman
of the
Central Bank of Argentina, told CNBC that both the fiscal
stimulus and the protectionist policy that the president - elect wants to put forward are a «challenge» for Argentina and for many emerging economies.
President Mario Draghi
of the European
Central Bank said Tuesday that the central bank will have to be prudent to gradually adjust its monetary stimulus to the economic re
Central Bank said Tuesday that the central bank will have to be prudent to gradually adjust its monetary stimulus to the economic recov
Bank said Tuesday that the
central bank will have to be prudent to gradually adjust its monetary stimulus to the economic re
central bank will have to be prudent to gradually adjust its monetary stimulus to the economic recov
bank will have to be prudent to gradually adjust its monetary
stimulus to the economic recovery.
The CEO
of a U.K. - based wealth management firm has warned about an unruly end to monetary
stimulus from global
central banks.
Investors and markets may have shown some confusion regarding the future policy
of the European
Central Bank this week, but they are certain that monetary
stimulus will be reduced throughout 2018.
Nixon said the Germans are probably suffering from a «lack
of legitimacy» at the
central bank and are still very concerned about the impact
of quantitative easing — a massive
stimulus program following the euro zone debt crisis
of 2011 that's designed to boost lending but also stoke inflation.
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.
Those market participants expecting an end to the European
Central Bank's stimulus program in September could be mistaken, according to a member of the central bank's Governing C
Central Bank's stimulus program in September could be mistaken, according to a member of the central bank's Governing Coun
Bank's
stimulus program in September could be mistaken, according to a member
of the
central bank's Governing C
central bank's Governing Coun
bank's Governing Council.
The selection
of the new BOJ leadership comes at a crucial time for Japanese and global markets, which have been rattled in recent weeks on expectations major
central banks will whittle down their crisis - mode
stimulus.
He predicts inflation approaching double - digits by 2020, given the unprecedented levels
of monetary
stimulus from
central banks.
Japan's government on Friday reappointed
Bank of Japan Governor Haruhiko Kuroda for another term and chose an advocate of bolder monetary easing as one of his deputies, a sign the central bank will be in no rush to dial back its massive stimulus prog
Bank of Japan Governor Haruhiko Kuroda for another term and chose an advocate
of bolder monetary easing as one
of his deputies, a sign the
central bank will be in no rush to dial back its massive stimulus prog
bank will be in no rush to dial back its massive
stimulus program.
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 purcha
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 purcha
Bank of Japan's asset purchases.
The European
Central Bank also is widely expected to amp up its
stimulus program, and the
Bank of Japan could do the same.
LONDON, May 3 - At a time when the impending withdrawal
of European
Central Bank stimulus was expected to hurt southern European bond markets, so - called «peripheral» euro zone debt continues to outperform its higher - rated peers.
«Given the downgrade to our outlook, Governing Council actively discussed the possibility
of adding more monetary
stimulus at this time, in order to speed up the return
of the economy to full capacity,» Poloz said after the release
of the
central bank's latest policy announcement.
The euro fell to its lowest level against the dollar in nine years Monday, driven by fears
of political turmoil in Greece and hopes for more monetary
stimulus from the European
Central Bank.
Net new loans surpassed the previous record
of 2.51 trillion yuan in January 2016, which is likely to support growth not only in China but may underpin liquidity globally as major Western
central banks begin to withdraw
stimulus.
By then, the Fed and other
central banks should be ready for another round
of «quantitative»
stimulus.
European stocks closed litte changed on Friday as investors digested fresh economic data, eyed a G - 20 meeting in Hamburg and continued to mull the possible end
of monetary
stimulus from
central banks.
The
central bank said it will extend its monetary
stimulus program until at last September
of next year.
So
of course the
central bank considered further
stimulus.
Bernanke strongly defended the U.S.
central bank's bond - buying
stimulus, saying he sees little risk
of higher inflation in the near term.
Poor to mediocre business surveys in Asia and Europe released on Tuesday are likely to put pressure on both the European
Central Bank and People's
Bank of China to come up with more
stimulus.
When
central banks around the world introduced
stimulus packages, known as quantitative easing (QE) in a bid to stimulate spending, investment and growth, a key focus was the rate
of inflation.
The European
Central Bank is all but certain to cut back on its bond - buying
stimulus on Thursday, one
of the biggest factors supporting the rally in global stock markets in recent months.
Adding to the upsurge was growing speculation that
central banks around the world will take additional action to provide some monetary
stimulus amid worrying signs
of faltering growth.
So Bernanke cranked up the
stimulus further and had the Fed buy bonds with money that the
central bank essentially creates out
of thin air.
So, it's not surprising that amid slowing economic growth,
central banks are scooping out even more
stimulus on top
of their years
of quantitative easing (QE) programs and aggressive rate cuts.
Global financial crisis: causes, consequences, cures
Central bank responses to the crisis: issues
of democratic accountability, QE and inflation, regulatory reform Fiscal policy responses to the crisis: issues
of inflation,
stimulus, debt sustainability Real estate prices and mortgage problems New directions in economics in light
of the GFC Impacts
of the GFC on the BRICS and the developing world Modern Money Theory, Functional Finance Job Guarantee / Employer
of Last Resort Problems
of Euroland,
He was then followed by the European
Central Bank and the central bank of Japan that are introducing their own monetary stimulus po
Central Bank and the central bank of Japan that are introducing their own monetary stimulus polic
Bank and the
central bank of Japan that are introducing their own monetary stimulus po
central bank of Japan that are introducing their own monetary stimulus polic
bank of Japan that are introducing their own monetary
stimulus policies.
The European
Central Bank sometimes appears to be the sole eurozone institution seeking to restore the economy, in the absence
of government spending
stimulus.
Minutes from the Fed's June meeting were released earlier on Wednesday, and revealed that about half
of the officials thought the
central bank could end its
stimulus program by the end
of the year.
Despite the best efforts
of central banks and finance ministries, even unprecedented fiscal and monetary
stimulus aren't enough to keep the global economic recovery from stalling.
Mario Draghi, the head
of the
central bank, said an economic recovery has taken hold but monetary
stimulus is still required.
Mr. Draghi's critique
of comments by the U.S. Treasury secretary came as the eurozone
central bank tried to quash speculation about an early end to its economic
stimulus program.
With the
central banks of the United States and Britain raising rates, the E.C.B. turns its attention to the year ahead and how fast it should roll back
stimulus.
Indications
of slowing growth are not yet strong enough to cause the European
Central Bank to revise its timetable for winding down economic
stimulus.
The Fed's dovish stance, in conjunction with continued
stimulus from the European
Central Bank and the
Bank of Japan's adoption
of negative interest rates in January, has helped drive equity markets higher since mid-February.
LONDON (Reuters)- At a time when the impending withdrawal
of European
Central Bank stimulus was expected to hurt southern European bond markets, so - called «peripheral» euro zone debt continues to outperform its higher - rated peers.
The news comes as global debt markets were already selling off amid signs that
central banks are starting to step back after years
of bond - buying
stimulus.
But the danger
of a
central bank willing to tighten economic conditions as the boost from fiscal
stimulus fades has helped push down long - dated yields, while lifting short - dated yields.
In the wake
of Brexit the world is once again looking to
central banks to jump - start the economy with more
stimulus.
I've mentioned this in previous Morning Notes, but if the recent strength in Industrial Production and PMI and ISM data is sustained in the wake
of decreasing
stimulus from
central banks, this will provide compelling opportunities across all types
of energy metals — not just REEs.
The timing
of Bernanke's easing raises the stakes for the Fed's four remaining policy meetings this year as investors focus on whether the
central bank will provide
stimulus for 2013 to help the economy overcome the impact
of the fiscal tightening due to take hold in January, said Vincent Reinhart, chief U.S. economist at Morgan Stanley.
While economic data out
of major EMs has certainly been disappointing lately, many EM
central banks continue to conduct monetary
stimulus policies geared at helping their economies grow.
The housing - market recovery is tenuous and probably far too reliant on
central -
bank stimulus, but we'll take rising home prices over falling home prices any day
of the week.
Investors apparently approve
of the European
Central Bank's latest monetary
stimulus strategy announcement.