Not exact matches
All 14 economists surveyed
by Reuters predicted the
central bank would keep its benchmark interest rate unchanged while assessing the effects of its November rate
rise and global
Crudely put, the theory states that when inflation
rises above a prescribed level (typically around 2 %),
central banks must respond
by raising interest rates, which quells consumer demand and causes inflation to fall back to «acceptable» levels.
The
rise in the annual inflation measures reported
by the Commerce Department on Monday was anticipated
by economists and Fed officials and is not expected to alter the U.S.
central bank's gradual pace of interest rate increases.
Charles Evans, the dovish president of the Chicago Fed, said it would be a major mistake
by the U.S.
central bank not to convince markets that rates will
rise slowly over the next year.
The notion is that
by pursuing a slightly tighter monetary policy, the
central bank would take out insurance against the risk that the
rise in asset prices is a bubble and that its busting would be disruptive.
As foreign
central banks buy CGBs, the PBoC does not intervene and the RMB
rises enough that the
rise in foreign purchases of CGBs is matched
by the combination of a decline in China's current account surplus and an increase in China's capital account deficit.
The
rise in the annual inflation gauges reported
by the Commerce Department was anticipated
by economists and Fed officials and is not expected to alter the US
central bank's gradual pace of interest rate increases.
For developed economies, in other words, significantly higher capital inflows from abroad would either cause savings to decline as the inflows strengthen their currencies and reduce exports — causing either unemployment or consumption to
rise — or, if their
central banks act to sterilize the inflows, to increase imports
by increasing consumer debt.
Because the current account ran a $ 22 billion surplus, the sum of the capital account and the
central bank account had to run a $ 22 billon deficit, and given that the former was in $ 30 billion surplus, the later must have run a $ 52 billion deficit, that is,
central bank reserves
rose by $ 52 billion.
The euro
rose from its lowest in almost a year after Germany's finance minister said comments
by European
Central Bank President Mario Draghi advocating support for euro - zone fiscal policy were «over-interpreted.»
What is viewed as «underinvestment» in stocks is actually a symptom of a
rise in the gross indebtedness of the global economy, enabled and encouraged
by quantitative easing of
central banks, which have been successful in suppressing all apparent costs of that releveraging.
Stocks
rose sharply in the United States and Europe on news the referendum plan had been scrapped, as well as a surprise move
by the European
Central Bank to cut interest rates.
The recent announcement
by European
central banks to restrict further sales of gold and the decision
by the IMF to fund its debt - relief initiative with off - market transactions, contributed to a sharp recovery in sentiment in the gold market in late September; the gold price in US dollars increased
by around 25 per cent in the wake of these decisions, but has since retraced about half of this
rise.
The global stock market rout of the past week was sparked
by concerns over a possible interest rate
rise by the U.S. Federal Reserve and not
by the devaluation of China's yuan currency, a senior Chinese
central bank official told Reuters on Thursday.
China's domestic stock markets doubled in value in the space of less than a year only to fall
by 30 % during three weeks in late June through early July, before
rising sharply again after
central bank intervention.
Previously, the
central bank assigned a value to the currency each morning, allowing its value against the dollar to
rise or fall
by a maximum of 2 percent.
With a couple notable exceptions, the consensus on the street appears to be that the single currency will
rise to 1.25 or 1.30 against the greenback
by the end of the year, supported
by accelerating economic growth in the Eurozone and an end to the European
Central Bank's (ECB) quantitative easing program.
The latest market figures show prices are still
rising in Dublin, but they are growing faster outside the capital due to the introduction of lending restrictions
by the
Central Bank and the ending of the Capital Gains Tax (CGT) waiver.
Stock markets collapse further, and then, buoyed
by central bank «printing» and currency devaluations, will
rise.
The onshore yuan, also called the renminbi, is constrained
by a trading band: China's
central bank, the People's Bank of China (PBOC), lets the yuan spot rate rise or fall a maximum of 2 percent against the dollar, relative to the official fixing rate, which is set da
bank, the People's
Bank of China (PBOC), lets the yuan spot rate rise or fall a maximum of 2 percent against the dollar, relative to the official fixing rate, which is set da
Bank of China (PBOC), lets the yuan spot rate
rise or fall a maximum of 2 percent against the dollar, relative to the official fixing rate, which is set daily.
Yields on German 10 - year bonds have
risen by around 30 basis points since June 27, when comments
by European
Central Bank President Mario Draghi were interpreted as a sign the bank was more willing to stop bond purchases and increase interest ra
Bank President Mario Draghi were interpreted as a sign the
bank was more willing to stop bond purchases and increase interest ra
bank was more willing to stop bond purchases and increase interest rates.
The
central bank's president, Mario Draghi, addressed the low inflation issue
by saying that the measure of inflation would remain low over the upcoming months, but he would expect it to eventually
rise back to the
central bank's target rate of just under 2 %.
Over the past year, credit card interest rates have
risen as the
central bank of the United States, the Federal Reserve (commonly called the Fed), raised its benchmark interest rate
by 0.25 percent in December 2016.
Although bond yields have already started to
rise in recent months in anticipation of a reduction of monetary stimulus in the US, we expect future increases to be moderate in the face of what is likely to be a gradual pace of policy tightening
by both the US and Canadian
central banks.
Our emphasis has been on the risk posed to asset prices
by relatively demanding valuations in many asset classes and the risks posed
by rising inflation pressure and the implications of this for medium - term
central bank accommodation.
The Fund's investment team continues to believe that the current period of accommodative monetary policy
by developed country
central banks will eventually need to end, resulting in
rising interest rates from current record low levels.
In expanding on his initial Tweet, Gross on January 10 described a 10 - 30 basis point
rise for the year — hardly a market apocalypse — driven
by rising inflation, reduced global
central bank Treasury purchases, and higher US budget deficits.2 But even such a modest move could mean it ain't over for those persistent downside penetrations of support that have lately become routine in T - note futures.
Last week, the
central bank revealed that the percentage of high - risk households, or homes where 40 % of income is allocated to paying down debt, would jump through the roof
by 2012 thanks to
rising interest rates.
The price of gold will
rise to a record of $ 1,450 a troy ounce in the next year, driven
by a loss of faith in
central banks» ability to prop up the global economy.
Gold's diverse uses, in jewellery, technology and
by central banks and investors, mean different sectors of the gold market
rise to prominence at different points in the global economic cycle.
We expect a slight fall in German Bund yields (perhaps
by 10 basis points) to be accompanied
by a
rise in yields on peripheral euro area bonds before possible intervention
by the European
Central Bank steadies the fixed - income market.
The
rise and popularity of cryptocurrencies have come as a welcome sign for the African continent that has been plagued
by rampant inflation caused
by central banks for many years.