Going into the Fed meeting this week, the market had viewed March as the most likely
time for the central bank to begin its rates «liftoff,» but it now sees a greater chance of that happening in late January.
That has prompted experts, as well as some Fed officials, including Williams, to argue that this would be a good
time for the central bank to rethink how it approaches monetary policy, something that policy - makers will have to do without Yellen's long experience and expertise in economics.
Not exact matches
That would create
time and space
for people like me, Gordon, Stanford, Moffatt and others to harass the House Finance Committee into doing its job and conducting hearings on the
central bank's target.
The G20 agreed that it was
time for the fiscal authorities to take the baton from the
central banks.
Given the collapse of commodity markets was the trigger
for the shock interest - rate cut in January, it is reasonable to speculate that continued weakness could prompt the
central bank to lower borrowing costs a third
time in 2015.
The Federal Open Market Committee and the European
Central Bank are not only no longer offering a combined stimulus, they are a net drain on liquidity
for the first
time since stimulus was first introduced by former Fed Chairman Ben Bernanke.
As far back as 2002, while vice minister, Kuroda used an opinion column in the Financial
Times, co-written with his deputy at the finance ministry, to call
for «aggressive monetary policy» from the
central bank, including an inflation target, aimed at «drastically changing price expectations.»
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.
Central banks in developed markets have been pulled into the political hot zone
for the first
time in decades, as politicians now scapegoat
banks for domestic economic problems.
This is not the first
time we've heard a money manager criticizing
central banks for instituting negative rates.
Marion observed that the
central bank's autumn revelation that it had «actively considered» cutting interest rates had weighted the loonie
for only a short
time.
On July 12, the
central bank finally did so, raising interest rates
for the first
time in seven years.
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.
COPENHAGEN, Oct 2 - Denmark's
central bank said on Tuesday it had intervened in the foreign exchange market in September, becoming a net buyer of the Danish crown
for the first
time since March 2011.
Monetary policy in the euro zone will remain accommodative
for some
time as inflation struggles to pick up, a member of the European
Central Bank told CNBC Friday morning.
«This is the first
time in 102 years, A, the
central bank bought bonds and, B, that we've had zero interest rates and we've had them
for five or six years... To me it's incredible.»
Instead the
central bank has been stuck at the 0.25 % to 0.5 % range set last December when it lifted rates
for the first
time in a decade.
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.
The
central bank has been under some criticism from
bank managers
for keeping interest rates too low
for a long
time.
President Barack Obama will now have an easier
time getting swift confirmation
for Janet Yellen as chair of the Federal Reserve and
for two other open spots on the
central bank board.
The
central bank bombarded markets in the past week with the message that it could raise interest rates
for the second
time in nine years as early as June, if the economy continues to improve as expected.
Some economists and market pros have cheered the Fed
for hiking rates because they see the economy as strong enough, and believe it's
time the
central bank removes some stimulus.
The
central bank said the measures, which will make it harder
for first -
time buyers to obtain loans big enough to buy a decent house at current prices, might hurt the economy in the short term.
The
central bank starts a two - day meeting later on Tuesday and there is intense speculation on whether it will drop a commitment to keeping rates near zero
for a «considerable
time.»
Last week, the Danish
central bank cut interest rates to a record low
for the third
time in 10 days, while Russian policymakers reduced the
central bank's main interest rate amid mounting recession fears.
For the second time in a week, Argentina's Central Bank has hiked its key rate 300bps today (300bps on 4/27) to 33.25 % for 7 - Day repo in an attempt to stall the currency's freefall... for now it's not worki
For the second
time in a week, Argentina's
Central Bank has hiked its key rate 300bps today (300bps on 4/27) to 33.25 %
for 7 - Day repo in an attempt to stall the currency's freefall... for now it's not worki
for 7 - Day repo in an attempt to stall the currency's freefall...
for now it's not worki
for now it's not working!
In any other
time cries
for recession would be very loud and markets would be correcting to reflect the realities of world debt levels and
central banks run amuck.
«Commercial
banks,
central banks, stock exchanges and major technology providers, such as IBM and Samsung, are all exploring the potential uses of distributed ledgers -LSB-...] It is only a matter of
time before distributed ledgers become a trusted alternative
for managing large volumes of transactions.»
Market watchers expect the
central bank to hike three
times in 2018, while the Fed announced that it was increasing its rate - hike forecast
for 2019.
For starters, a rate - hike in March by the U.S. Fed is completely off the table, says Timmer, who expects the central bank will also signal that it intends to hold at this level for some ti
For starters, a rate - hike in March by the U.S. Fed is completely off the table, says Timmer, who expects the
central bank will also signal that it intends to hold at this level
for some ti
for some
time.
Fed Chair Janet Yellen has said the
central bank could boost its fed funds target rate
for the first
time in nine years sometime this year.
The European
Central Bank (ECB) ready to reduce its monthly bond - purchasing program sometime in early 2018, and the
Bank of England (BOE) isexpected to raise interest rates in November
for the first
time since 2007.
In China, slowing economic growth convinced the
central bank to take its foot off the monetary brake
for the first
time in three years by increasing the lending capacity of its commercial
banks.
The European
Central Bank has only just started the process in recent months and the
Bank of Japan is not expected to start lifting rates
for some
time yet.
That's the question that confronts officials at the Federal Reserve and institutional investors everywhere ahead of March 15, when the U.S.
central bank will decide whether to raise short - term interest rates
for the first
time since December.
The
central bank raised interest rates
for the first
time this year in March; its most recent announcement came after a meeting of its Federal Open Market Committee.
Poloz shared his unease at a
time when governments,
central banks and the private sector around the world are searching
for new strategies to counter hacks.
«It takes
time for markets to become comfortable in the sense that they can understand — or think they can understand — what the M.O. of particular
central bank leadership is all about,» said Mark Spindel, founder of Potomac River Capital.
The
central bank has given ample notice that it plans to raise short term interest rates
for the first
time since the financial crisis.
But as the Fed prepares to make a historical rate increase
for the first
time in nearly a decade, some critics question whether the
central bank administered its monetary medicine too long.
Then the resultant acceleration in US deficits creating market concerns
for sustainability, during a
time that the Euro was introduced, over
time,
Central bank reserve diversification into USD, creating anxiety
for Investors, and the USD declined.
The San Francisco California - based startup, Ripple, offers a global real -
time payment system that enables
banks and financial institutions around the world to directly transact with each other without the need
for a
central correspondent.
Stephen Poloz shared his unease at a
time when governments,
central banks and the private sector around the world are searching
for new strategies to counter hacks.
The next cab off the rank is next month's U.S. Federal Reserve meeting — when we expect the
central bank to raise interest rates
for the first
time in almost a decade.
Argentina's
central bank has hiked its interest rates by 300 basis points
for a second
time in less than a week, in its latest attempt to halt the peso's dramatic slide against the US dollar.
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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.
According to the policy statement, the
central bank indicated that interest rates will continue to remain at present levels
for an extended period of
time, although they did not mention what the specific timeframe would be.
They consider a range of arguments
for owning gold, such as: (1) gold hedges inflation; (2) gold hedges currency decline; (3) gold is attractive when other assets are not; (4) gold is a safe haven in
times of crisis; (5) gold is a de facto world currency; and, (6)
central banks and investors in aggregate are still underweighting gold.