Sentences with phrase «stance of monetary policy»

A sensible assessment of the appropriate stance of monetary policy must take these trade - offs into account.

First, financial market conditions matter in determining the appropriate stance of monetary policy.

To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that a highly accommodative stance of monetary policy remains appropriate.

Overall, the Bank's Governing Council judges that the current stance of monetary policy remains appropriate.

The governor of the Bank of Japan, in a speech on June 27, 1997, referred to the «drastic monetary measures» that the bank took in 1995 as evidence of «the easy stance of monetary policy.»

Among other things, this outcome complicates our ability to assess the present stance of monetary policy.

I merely wish to record that from about the middle of 1999, markets around the world began to recognise that the accommodative stance of monetary policy by major central banks that had been so appropriate for 1998 and early 1999 was starting to look less appropriate as 1999 progressed and strengthened.

Given all of this, we judged that the current stance of monetary policy remains appropriate and maintained the target for the overnight rate at one half per cent.

Taking all of these developments into consideration, the Bank judges that the current stance of monetary policy remains appropriate.

There are many factors that can affect the economic outlook and the attainment of the Federal Reserve's mandated objectives and, thereby, the appropriate stance of monetary policy.

Specifically, we expect that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the economy strengthens.

«The stance of monetary policy remains accommodative after this increase, thereby supporting further improvements in labor market conditions and a return to 2 percent inflation.»

Later, the committee said the current stance of monetary policy is «supporting strong labor market conditions,» a contrast to the language from the previous meeting that indicated «some further strengthening.»

«With the federal funds rate currently only somewhat below estimates of the neutral rate, the stance of monetary policy is likely moderately accommodative, which is appropriate to foster further progress toward the FOMC's objectives,» she said.

He has a theory about why the markets swooned: «Necessary changes in the stance of monetary policy removed the complacent assumption that «all bad news is good news» (because it brought renewed stimulus) that many felt underpinned markets.»

«Based on its current assessment, the Committee judges that it can be patient in beginning to normalize the stance of monetary policy.»

Taking all of these developments into consideration, the Bank judges that the risks to the outlook for inflation remain within the zone for which the current stance of monetary policy is appropriate.

At present, the Bank's Governing Council judges that the overall balance of risks is still in the zone for which the current stance of monetary policy is appropriate, and the target for the overnight rate remains at 1/2 per cent.

Given all of this, we judged that the current stance of monetary policy is still appropriate and maintained the target for the overnight rate at 1/2 per cent.

In this context, Governing Council judges that the current stance of monetary policy is still appropriate and maintains the target for the overnight rate at 1/2 per cent.

Importantly, this future low level of interest rates is not due to easy monetary policy; instead, it is the rate expected to prevail when the economy is at full strength and the stance of monetary policy is neutral.

The Bank's Governing Council judges that the overall balance of risks remains within the zone for which the current stance of monetary policy is appropriate, and the target for the overnight rate remains at 1/2 per cent.

The Bank's Governing Council judges that the current stance of monetary policy is appropriate, and the target for the overnight rate remains at 1/2 per cent.

The post-Board statements I issued each month at successive meetings said that the Board viewed the stance of monetary policy as remaining appropriate for the outlook.

This morning I would like to take the opportunity of looking at the broader trends in Australia's economic situation and examining the implications they have for the stance of monetary policy going forward.

This document spelled out in detail how we see the current situation in the economy, and why the stance of monetary policy is where it is.

Therefore, the Bank's Governing Council judges that the current stance of monetary policy is still appropriate, and the target for the overnight rate remains at 1/2 per cent.

Thus the shock hit the Australian economy at a time when it was in reasonable shape with the stance of monetary policy already relatively expansionary.

[8] While the details of the RBA Board's decision had been made public in a press release at the time of changes in monetary policy, they had not been made public when the stance of monetary policy was left unchanged.

The stance of monetary policy was moved back toward a more neutral setting, reflecting the inflation forecasts.

Thus «the most reliable indicator of the stance of monetary policy, nominal GDP, is already showing the contractionary impact of the Fed's policy decisions,» says Lacey, «signaling that its plan will result in further monetary tightening, or worse, even recession.»

«Recent research at the International Monetary Fund has shown conclusively that G4 monetary easing has in the past transferred itself almost completely to the emerging economies... since 1995, the stance of monetary policy in Asia has been almost entirely determined by the monetary stance of the G4 — the US, eurozone, Japan and China — led by the Fed.»

The September FOMC statement noted: the Committee expects «that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the recovery strengthens.»

In this context, as complex and uncertain as our situation is, Governing Council decided that the current stance of monetary policy remains appropriate.

Our economic projection will be updated in the April Monetary Policy Report, and we will review the stance of monetary policy at that time.

In a statement after the end of the two - day policy meeting, the central bank said, «The stance of monetary policy remains accommodative, thereby supporting strong labour market conditions and a sustained return to 2 per cent inflation.»

To conclude, in the context of a projection that is largely unchanged, the Bank's Governing Council judges that the current stance of monetary policy is still appropriate and maintains the target for the overnight rate at 1/2 per cent.

A separate discussion paper published by central bank staffers in October 2017 concluded that even under an alternative scenario in which the potential level of growth was ultimately 1 per cent higher than forecast by 2020, the effects on inflation would be «small» and «therefore does not affect the stance of monetary policy.»

On this basis, the Board judged that it was prudent to maintain the current stance of monetary policy.

TALKING THE TALK Aside from their discussion over the stance of monetary policy, officials likely continued to debate fine - tuning their communications strategy by adopting numerical thresholds for economic variables that would guide the central bank's unconventional stimulus.

Notwithstanding the recent increases in interest rates, the stance of monetary policy is not unduly restricting growth at present.

The bad news is that it certainly could happen again, and that it probably will happen so long as many Fed officials insist on treating the inflation rate as an all - purpose indicator of the stance of monetary policy.

In its statement, the FOMC maintains that, at this level, «the stance of monetary policy remains... Read More»

It is therefore important that we monitor the degree to which the macroprudential steps we have taken have built sufficient resilience, and that we consider the deployment of other tools, including adjustments to the stance of monetary policy, as conditions change in potentially unexpected ways.

As a result, policymakers should clearly and consistently communicate their views on the stability of the financial system and how those views are influencing the stance of monetary policy.

To that end, I will briefly lay out my current assessment of financial stability risks and their relevance, at this time, to the stance of monetary policy in the United States.

The Committee continues to expect that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace, and labor market conditions will strengthen somewhat further.

The stance of monetary policy is expressed in terms of a target for the cash rate — that is the interest rate on overnight loans between financial institutions, which is determined in the cash market.

The threat to real economic activity was so dire that the stance of monetary policy had to be changed aggressively.