Forex markets can be very volatile, particularly emerging market currencies, but even the major pairs can move dramatically
on a central bank policy change, a political event, or on significant economic news.
Not exact matches
The Prime Minister's Office and the
central bank declined to comment, and Finance Minister Bill Morneau said in a statement that he doesn't comment
on the
central bank's independent
policy decisions.
The European
Central Bank on December 3 dropped one of its main
policy rates to negative 0.3 % from negative 0.2 % and said it would extend its bond - buying program, under which it creates euros to purchase debt, to at least March 2017.
The
central bank's
policy committee voted unanimously
on Dec. 14 to raise its benchmark interest rate a quarter point to 0.5 %.
MONDAY, MAY 14 OSLO -
Central Bank chief Oystein Olsen participates in consultation
on the implementation of monetary
policy in the Storting's Financial Committee 1015 GMT.
Some lingering worries that European
Central Bank policymakers may signal a more cautious stance at a
policy meeting
on Thursday also pulled the single currency lower, though some market analysts said it may have fallen too far.
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.
Fed chair Janet Yellen
on December 2 stated as clearly as
central bank lexicon will allow that she will recommend raising America's benchmark interest rate when she convenes the
policy - setting Federal Open Market Committee later this month.
In its
policy statement, the
central bank noted that «uncertainty about the future of NAFTA is weighing increasingly
on the outlook.»
Some will say the
central bank has no business commenting so explicitly
on fiscal
policy.
If core is
on target, the
central bank is comfortable its
policy is working.
Stock markets were routed around the globe
on Monday and bond yields rose as resurgent U.S. inflation raised the possibility
central banks would tighten
policy more aggressively than had been expected.
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.
The
central bank is essentially signaling that the economy is
on strong enough footing to begin a return to more normal monetary
policies.
On Thursday, the
Bank of Canada's deputy governor Lawrence Schembri said one option to strengthen the central bank's monetary policy framework is more «explicit co-ordination» with Ott
Bank of Canada's deputy governor Lawrence Schembri said one option to strengthen the
central bank's monetary policy framework is more «explicit co-ordination» with Ott
bank's monetary
policy framework is more «explicit co-ordination» with Ottawa.
The common currency rose to a two - and - half year high against the dollar
on doubts over the U.S. currency but also after European
Central Bank President Mario Draghi gave two speeches last week with no indications about the bank's next steps for monetary pol
Bank President Mario Draghi gave two speeches last week with no indications about the
bank's next steps for monetary pol
bank's next steps for monetary
policy.
European bourses closed mostly lower
on Monday as investors reacted to fresh economic data and awaited an upcoming monetary
policy meeting from the European
Central Bank (ECB).
Huge purchases of longer - dated Japanese government bonds is a natural way to ease monetary
policy, but
central bankers must monitor the side - effects, Haruhiko Kuroda, the government's nominee to be the next
Bank of Japan governor, said
on Monday.
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.
European
Central Bank President Mario Draghi said Wednesday that the bank's policy will remain prudent despite it being more confident on the future path of inflat
Bank President Mario Draghi said Wednesday that the
bank's policy will remain prudent despite it being more confident on the future path of inflat
bank's
policy will remain prudent despite it being more confident
on the future path of inflation.
The European
Central Bank (ECB) dropped its easing bias
on Thursday, fueling expectations that it will normalize monetary
policy in the euro area.
Last week Abe also nominated academic Kikuo Iwata, who supports unconventional monetary
policy, and BOJ official Hiroshi Nakaso, who has hands -
on knowledge of the
central bank's inner workings, as the BOJ's next two deputy governors.
European markets closed lower
on Thursday after the European
Central Bank announced it would keep its monetary
policy stance unchanged.
A television monitor shows Mario Draghi, president of the European
Central Bank (ECB), speaking during a news conference to discuss monetary
policy in Tallinn, Estonia,
on Thursday, June 8, 2017.
Jerome Powell addressed Congress
on Tuesday, detailing the
central bank's outlook for monetary
policy and economic growth for the coming years.
Similarly, the euro, which briefly hit its lowest since March 15, was
on track for its worst week in seven as investors this week have revised their expectations for when the European
Central Bank will begin to tighten monetary
policy.
The forecasts are based
on poor demographics, a strong euro and the European
Central Bank's (ECB) move away from its ultra-loose monetary
policy.
I mean, never before in the last thirty years have we seen so much of economic activity dependent
on, not just the Fed, but I would generalize it to
central banks around the world and the very accommodative
policies.
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
Central Bank of Russia is scheduled to have a monetary
policy meeting
on Friday.
Nevertheless, when making interest rate
policy in early March, BoC governor Mark Carney overlooked rising pressures
on inflation and left the
central bank's target for Canada's overnight rate at 1 %.
Her testimony before the House Financial Services Committee and the Senate
Banking Committee will include the Fed's semi-annual Monetary
Policy Report, as Yellen is expected to shed some light
on how the Fed views the prospects of the U.S. economy while outlining how the
central bank intends to proceed over the next few months.
The Fed's latest
policy statement shows the
central bank remains
on track to raise its benchmark interest this year, perhaps in September.
He is likely to toe the
central bank's official line
on monetary
policy, though looking out for any strong comments
on the impact the BOJ's
policy on bank profits - 0615 GMT.
FRANKFURT - The European
Central Bank publishes the accounts of the
policy meeting of the Governing Council held
on March 7 - 8 - 1130 GMT.
FRANKFURT, Oct 12 - Key Euribor
bank - to - bank lending rates steadied on Friday, as the prospect faded of the European Central Bank loosening policy further with an interest rate
bank - to -
bank lending rates steadied on Friday, as the prospect faded of the European Central Bank loosening policy further with an interest rate
bank lending rates steadied
on Friday, as the prospect faded of the European
Central Bank loosening policy further with an interest rate
Bank loosening
policy further with an interest rate cut.
Denmark's
central bank cut its key policy rate on Thursday for the fourth time in three weeks, dropping it to -0.75 percent — the same level as the Swiss National Bank's r
bank cut its key
policy rate
on Thursday for the fourth time in three weeks, dropping it to -0.75 percent — the same level as the Swiss National
Bank's r
Bank's rate.
Gold bugs like Sprott have long warned about the impact of inflation,
central bank policy measures and government spending
on the value of fiat national currencies.
The Fed has been suggesting it could raise rates in 2016 since it tightened
policy in December for the first time in nearly a decade, but investors have doubts the
central bank will follow through
on that guidance.
On Thursday, the European
Central Bank released the minutes of its latest monetary
policy meeting.
Frenkel criticised the ineffectiveness of governments since the financial crisis of 2008 which forced
central banks to take their place in the «front line» of
policy making, he said at an event in London
on Tuesday.
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.
«This would allow policymakers to focus their efforts
on absorbing the still elevated excess capacity in the economy,» she said, adding that she expects the
central bank will keep its trendsetting
policy interest rate at one per cent until mid-2015.
Speaking in Montreal
on Thursday,
central bank governor Stephen Poloz called household debt a major risk to the Canadian economy, suggesting the fear of stoking more borrowing as one reason he has not been even more dovish
on interest rate
policy.
These contrasting inflation outlooks suggest further monetary
policy divergence is ahead (read more
on this divergence and its investing implications in our recent post Opportunities emerge as
central banks diverge.).
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.
BOJ Governor Masaaki Shirakawa's term expires in April and the appointment of his successor is in the spotlight given the pressure
on Japan's
central bank to pursue an aggressive monetary
policy.
WASHINGTON (Reuters)- A majority of the U.S. Senate
on Tuesday voted to confirm Federal Reserve Governor Jerome Powell as the next head of the
central bank, likely ensuring continuity in monetary
policy.
The
central bank says in its latest analysis that the economy continues to depend
on monetary stimulus, so has decided to keep the trendsetting
policy rate at one per cent.
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.