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- Written by Helmholtz Watson
- Category: Central Banks
Fed Chairman Powell comments came across the wires with an unannounced response to Senator Rick Scott (Fla R) that too low inflation harms families and business. On low treasury yields he said they attested to strong global demand for safe liquid assets.
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- Written by Helmholtz Watson
- Category: Central Banks
South Korea's Monetary Policy Board of the Bank of Korea decided today to leave the Base Rate unchanged at 0.50% for the intermeeting period as expected. GDP growth this year is projected to be above the February forecast of 3.0%.
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- Written by Corporal
- Category: Central Banks
The Reserve Bank of Australia's twice yearly Financial Stability Review provided no surprises. Earlier in the week the RBA held interest rates at an all time low on Tuesday to just 0.1% as widely expected. Australian banks in strong financial position coming out of pandemic banks have abundant liquidity and funding,
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- Written by Corporal
- Category: Central Banks
The Reserve Bank of Australia held interest rates at an all time low on Tuesday to just 0.1% as widely expected. RBA remains committed to maintaining highly supportive monetary conditions until its goals are achieved. RBA later in the year will consider whether to retain April 2024 bond as target bond.
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- Written by Helmholtz Watson
- Category: Central Banks
People's Bank of China Governor Yi Gang, who was Zhou Xiaochuan's protégé. announced over the weekend that the PBOC has room to provide liquidity to the economy. Yi is a technocrat with over 20 years experience at the PBoC and is not moved by outside parties calling for restraint.
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- Written by Helmholtz Watson
- Category: Central Banks
The Federal Reserve kept rates unchanged at their March meeting, kept QE infinity open with TALF for open-ended Treasuries, MBS and corporate bonds in amounts needed. Fed will continue to buy paper at current pace of $120B/month of Treasuries and MBS combined. Compare that to $40B/month in QE3.
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- Written by Helmholtz Watson
- Category: Central Banks
ECB left rates unchanged as expected in March. The bank left deposit facility interest rates at -.50% and held steady rates on the main refinancing operations and on the marginal lending facility unchanged. Will maintain supportive measures "until it judges that the coronavirus crisis phase is over"
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- Written by Helmholtz Watson
- Category: Central Banks
The Bank of Canada left the key lending rate at 0.25 percent on Wednesday as expected. BoC repeated it will hold interest rate at the effective lower bound until economic slack is absorbed. GDP growth in the first quarter of 2021 now expected to be positive, rather than the contraction forecast in January
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- Written by Corporal
- Category: Central Banks
The Reserve Bank of Australia held interest rates at an all time low on Tuesday to just 0.1% as widely expected. RBA remains committed to maintaining highly supportive monetary conditions until its goals are achieved. Since the start of 2020, the RBA's balance sheet has increased by around A$175 billion.
- Details
- Written by Helmholtz Watson
- Category: Central Banks
The Federal Reserve kept rates unchanged at their January meeting, kept QE infinity open with TALF for open-ended Treasuries, MBS and corporate bonds in amounts needed. Fed will continue to buy paper at current pace of $120B/month of Treasuries and MBS combined. Compare that to $40B/month in QE3.
