Sentences with phrase «tightening of monetary policy in»

This is significantly different from the garden - variety recessions after World War II that were primarily caused by Fed tightening of monetary policy in response to rising inflation and full resource utilization.

Initially, investors were skeptical about any further tightening of monetary policy in coming months, amid escalating tensions between North Korea and the United States, further soft inflation data and uncertainty about the potentially negative effects of hurricanes Harvey and Irma on the economy.

In the most recent period, following the tightening of monetary policy in May, market interest rates declined for a time as participants assessed that the cumulative tightening over the previous six months might have been sufficient to reduce the risks on inflation.

The FOMC, in other words, signaled it would allow a passive tightening of monetary policy in the second half of 2008.

This would be slower than the last tightening of monetary policy in 2004 to 2006.

But protectionism, unexpected rapid tightening of monetary policy in some countries, and geopolitical tensions in North Korea and the Middle East pose potential risks, Kuroda said.

However, protectionism, unexpected rapid tightening of monetary policy in some countries, and geopolitical tensions in North Korea and the Middle East pose potential risks to global growth, Kuroda said.

Not exact matches

Tightening of monetary policy meant to cool the housing market over the past year, combined with a wind - down in public works, has served to slow GDP growth into the single digits.

Specifically, there are concerns about what might happen should the tide turn in the bond markets when 30 years of falling interest rates reverses at a time when the Federal Reserve is preparing to tighten monetary policy by forcing rates higher.

Seen as one of the most important members of the Fed's rate - setting committee, Dudley said the central bank was in no rush to tighten monetary policy.

The yield, a barometer for mortgage rates and other financial instruments, has jumped in April on signs of nascent inflation and as the Federal Reserve stood by its plan to gradually tighten monetary policy.

That is clearly the result of tightening, especially related to the property market but also related to lending and monetary policies in general,» said Alaistair Chan, economist at Moody's Analytics.

A tightening monetary policy is usually seen as positive for a currency as it's a sign of health in that region's economy and reduces that amount of that currency in circulation.

After weakening at the start of 2018, a rise in U.S. Treasury yields have helped the dollar stage a recovery in the past fortnight at the same time as doubts grow about when the European Central Bank (ECB) will tighten monetary policy.

In other words, if you tighten monetary policy, certainly by more than is discounted in the market — and what's discounted in the market is very minor rising market — that will reverberate through asset class prices, as well as then you can have a situation in terms of the economIn other words, if you tighten monetary policy, certainly by more than is discounted in the market — and what's discounted in the market is very minor rising market — that will reverberate through asset class prices, as well as then you can have a situation in terms of the economin the market — and what's discounted in the market is very minor rising market — that will reverberate through asset class prices, as well as then you can have a situation in terms of the economin the market is very minor rising market — that will reverberate through asset class prices, as well as then you can have a situation in terms of the economin terms of the economy.

Many of them may relate to an optimistic scenario — one in which the economic recovery accelerates, causing the Federal Reserve to tighten monetary policy and interest rates to rise.

The last time a Liberal government entered an election in the middle of a monetary policy tightening cycle was in 2006; that year, the Conservatives defeated them.

In the middle, US Economics of slowly improving US economy, low interest rates, low and gradually rising inflation, recovering job picture, front - loaded fiscal policy are all collectively in a tug of war with gradually tightening monetary policy and trade war scarIn the middle, US Economics of slowly improving US economy, low interest rates, low and gradually rising inflation, recovering job picture, front - loaded fiscal policy are all collectively in a tug of war with gradually tightening monetary policy and trade war scarin a tug of war with gradually tightening monetary policy and trade war scare.

Indeed, in a classic paper written in the early 1960s, Mundell (Mundell, 1963) showed how, in a world of complete asset substitutability and perfect capital mobility, real interest rates would be largely determined by international market forces with the exchange rate moving in response to changes in domestic monetary policy to provide most of the desired accommodation or tightening.

This prompted a tightening of monetary policy, which, in turn, dampened interest - rate sensitive spending, particularly on housing and consumer durable goods.

«In the past 30 years, the yield curve has inverted five out of the eight times the Fed has been tightening monetary policy.

It is not clear to me that a modest tightening in monetary policy beyond that needed to achieve full employment and price stability in the absence of a bubble would represent a favorable cost - benefit trade - off.

Many of them thus tightened monetary policy in 2011, with consequences for growth in 2012 that have carried over into this year.

«Unless quite substantial tightening of monetary policy is delivered, the lira will remain volatile,» Rabobank's Matys said, adding the central bank may have to consider an emergency policy meeting beforehand, as was the case in January 2014.

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.»

The expansionary period that followed the recession in 1960 - 61, which was a result of high unemployment and a shift to foreign - made cars, was met with another sharp decline as the Fed began to tighten monetary policy.

The IMF said in October it expected Canada to consider raising rates, or a «gradual tightening» of monetary policy, in late 2014.

In our March statement we indicated that our current monetary policy stance remained appropriate to achieve our 2 per cent inflation target on a sustainable basis by around the middle of 2018, whereas US authorities have now begun to tighten.

In order to avoid an inversion of the yield curve, which in the past has been a clear sign of recession, the Fed has to use all its available tools in order to gradually tighten monetary policy and slowly raise rateIn order to avoid an inversion of the yield curve, which in the past has been a clear sign of recession, the Fed has to use all its available tools in order to gradually tighten monetary policy and slowly raise ratein the past has been a clear sign of recession, the Fed has to use all its available tools in order to gradually tighten monetary policy and slowly raise ratein order to gradually tighten monetary policy and slowly raise rates.

The Peoples Bank of China is expected to carry on with enhancing liquidity fine - tuning while maintaining a tightening bias in both monetary and regulatory policy, as long as growth continues to be more than 6.5 percent,...

A passive tightening of monetary policy occurs whenever the Fed allows total current dollar spending to fall, either through a endogenous fall in the money supply or through an unchecked decrease in money velocity.

The Fed that tightened monetary policy in February (albeit modestly) because we were supposedly coming out of a recession.

While the latest jobs data may be decisive in convincing Fed policymakers to begin normalizing monetary policy, lingering softness in some parts of the US economy means that policy tightening should, as Janet Yellen put it, proceed at a «gradual and measured pace.»

The tightening in monetary policy has, however, resulted in a rise in the interest payments of the household sector from around 6 per cent of household disposable income in the first half of 1999, to around 7 1/4 per cent in the March quarter (Graph 15).

At its December meeting, as in earlier months, the Board judged that a further tightening of monetary policy would probably be required in due course, but that there was no need for action in the short term.

With economic growth returning to the developed world, the end of years of quantitative easing and easy monetary policy is in view; inflation concerns are reviving, guaranteeing rising interest rates along with tightening liquidity.

This widening in the gap between fixed and variable housing rates is likely to have contributed to the pick - up in the proportion of borrowers choosing to take out fixed - rate housing loans: in November 2004, the latest available data, 11 per cent of new owner - occupier housing loan approvals were at fixed rates, up from 7 per cent three months earlier and the highest share since the beginning of 2004, which followed a period of monetary policy tightening (Graph 45).

Growth in the United Kingdom has begun to moderate as the housing sector has responded to the tightening of monetary policy over the past year or so.

Measured across all loan products, and taking into account changes in customer risk margins, however, it seems that interest rates paid on average by small businesses have increased by a little less than the rise in interest rates directly due to the tightening of monetary policy.

Subsequently, with continuing strong activity indicators, stretched labour markets and signs of possible pipeline price pressures (although core consumer prices remain benign), the Federal Reserve tightened monetary policy by 25 basis points to 5 per cent in June and then 5.25 per cent in August (Graph 5).

But the tightening of US monetary policy (with the consequential negative impact on Australia's short - term interest differential) and the strengthening of the yen have worked in the opposite direction.

As discussed below, financial markets viewed these events as bringing forward the likely timing of monetary policy tightening in the US.

Implied volatilities gradually declined around the world in the second half of 2003, as it became clearer that the easing cycle was drawing to a close, with some central banks beginning to tighten monetary policy after a prolonged period of relatively low and stable interest rates.

[7] This reflects both the discount in the initial period of the loan as well as the fact that as the Fed tightened monetary policy, the rate to which the mortgage reset rose.

The US Federal Reserve's expected tightening of monetary policy later this year should be seen as a positive action, though there may be some turbulence in asset and foreign exchange markets.

In fact, the divergences in global economic performance — one of those being that U.S. monetary policy would tighten while European monetary policy would loosen — actually look very much like an explanation for what already happened last yeaIn fact, the divergences in global economic performance — one of those being that U.S. monetary policy would tighten while European monetary policy would loosen — actually look very much like an explanation for what already happened last yeain global economic performance — one of those being that U.S. monetary policy would tighten while European monetary policy would loosen — actually look very much like an explanation for what already happened last year.

The US Federal Reserve (Fed) looks likely to tighten monetary policy further, as inflation and unemployment move closer to its targets — underlining the strength of the domestic economy — but, while awaiting more substance on policy initiatives, we remain cautious about predictions of an end to the pattern of modest US growth seen in recent years.

Nevertheless, the apparent success of the ECB's policy in overcoming the threat of deflation increased speculation about a potential tightening of monetary policy, possibly even before the cessation of the central bank's bond purchases — scheduled to continue for at least the rest of the year — and in the wake of the ECB meeting pushed market estimates of the odds of a rise in official interest rates before the end of 2017 to more than 50 %.

We think the speculation about a potential future tightening of monetary policy by the ECB — whether in the form of a tapering of bond purchases or a rise in interest rates — has moved too far ahead of the economic and political realities within the eurozone.

In terms, I think of inflation and bond markets, it took six, seven, eight, maybe 10 years of high inflation in the 1970s before you had Paul Volcker brought in to say «enough is enough,» and then again whether it's led by American monetary policy but similar moves in Europe, obviously in the UK, a significant tightening of monetary policy because people got fed up with inflation and I don't think that we are kind of yet at the point where real wages have been suppressed so much by that irritation that inflation is always running ahead, life is becoming more expensive, so we need the central bank radically to change their policIn terms, I think of inflation and bond markets, it took six, seven, eight, maybe 10 years of high inflation in the 1970s before you had Paul Volcker brought in to say «enough is enough,» and then again whether it's led by American monetary policy but similar moves in Europe, obviously in the UK, a significant tightening of monetary policy because people got fed up with inflation and I don't think that we are kind of yet at the point where real wages have been suppressed so much by that irritation that inflation is always running ahead, life is becoming more expensive, so we need the central bank radically to change their policin the 1970s before you had Paul Volcker brought in to say «enough is enough,» and then again whether it's led by American monetary policy but similar moves in Europe, obviously in the UK, a significant tightening of monetary policy because people got fed up with inflation and I don't think that we are kind of yet at the point where real wages have been suppressed so much by that irritation that inflation is always running ahead, life is becoming more expensive, so we need the central bank radically to change their policin to say «enough is enough,» and then again whether it's led by American monetary policy but similar moves in Europe, obviously in the UK, a significant tightening of monetary policy because people got fed up with inflation and I don't think that we are kind of yet at the point where real wages have been suppressed so much by that irritation that inflation is always running ahead, life is becoming more expensive, so we need the central bank radically to change their policin Europe, obviously in the UK, a significant tightening of monetary policy because people got fed up with inflation and I don't think that we are kind of yet at the point where real wages have been suppressed so much by that irritation that inflation is always running ahead, life is becoming more expensive, so we need the central bank radically to change their policin the UK, a significant tightening of monetary policy because people got fed up with inflation and I don't think that we are kind of yet at the point where real wages have been suppressed so much by that irritation that inflation is always running ahead, life is becoming more expensive, so we need the central bank radically to change their policy.