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Federal Reserve issues FOMC statement

Posted by Forexsq 16 hours ago (http://www.federalreserve.gov)
img Information received since the Federal Open Market Committee met in May suggests that economic activity has been expanding at a moderate pace. Labor market conditions have shown further improvement in recent months, on balance, but the unemployment rate remains elevated. Household spending and business fixed investment advanced, and the housing sector has strengthened further, but fiscal policy

Fed much more upbeat about outlook

Posted by Forexsq 16 hours ago (http://www.marketwatch.com)
img The central bank has said it would keep interest rates close to zero so long as the jobless rate, now at 7.6%, was above its 6.5% threshold. Yet Fed Chairman Ben Bernanke also stressed Wednesday that the bank’s rosier forecast doesn’t mean the bank will begin to scale back bond purchases or raise short-term interest rates in the near future.

In a news conference after the Fed meeting, Bernanke

ECB rates becoming more effective again: Draghi

Posted by Forexsq 2 days ago (http://www.reuters.com)
img The European Central Bank is "ready to act" if need be to aid the euro zone economy and recent signs of market stabilization mean that its interest rates are becoming a more effective tool again. Speaking at a farewell conference for Bank of Israel Governor Stanley Fischer in Jerusalem, Draghi said there were numerous measures the ECB could and would deploy if needed. The euro fell after his comm

Draghi Says He Has Confidence in German Court OMT Review

Posted by Forexsq 9 days ago (http://www.bloomberg.com)
img European Central Bank President Mario Draghi said he trusts Germany’s constitutional court, which will consider a case against the central bank’s bond-buying plan starting today.

“I have full confidence in the constitutional court’s independence, also in its ability to examine with thoroughness and with fairness all the advice it is getting from all sides,” Draghi said in an interview on Germa

Kuroda Stares Down Bond Volatility With Stimulus Unchanged

Posted by Forexsq 9 days ago (http://www.bloomberg.com)
img Bank of Japan policy makers refrained from expanding their tools to address bond-market volatility, sticking with an April plan to double the monetary base as they seek to rekindle inflation and stoke growth.

BOJ Governor Haruhiko Kuroda and his fellow board members left unaltered the one-year fixed-rate loan facility the bank has tapped seven times amid a surge in 10-year government bond yiel

King Calls Time Surveying Recovery Not Yet Assured: U.K. Credit

Posted by Forexsq 14 days ago (http://www.bloomberg.com)
img Bank of England Governor Mervyn King concludes his last policy meeting surveying a recovery that’s not yet strong enough to warrant the “escape velocity” sought by his successor, Mark Carney.

After his 194th meeting of the nine-member Monetary Policy Committee, he’ll hand Carney on July 1 an economy that resumed growth in the first quarter and may have picked up in the current period. The MPC

BOJ Outline of Outright Purchases of Japanese Government Bonds

Posted by Forexsq 21 days ago (http://www.boj.or.jp)
img The Bank of Japan decided to conduct the outright purchases of Japanese government bonds as follows, effective from June 2013. 1. Amount to be Purchased Approximately 7+ trillion yen per month in principle. The Bank takes account of market conditions and conducts purchases in a flexible manner in order to ensure that the effects of monetary policy permeate the economy. 2. Bonds to be Purchased Ja

Bernanke: The Economic Outlook

Posted by Forexsq 28 days ago (http://www.federalreserve.gov)
img Chairman Brady, Vice Chair Klobuchar, and other members of the Committee, I appreciate this opportunity to discuss the economic outlook and economic policy.

Current Economic Conditions
Economic growth has continued at a moderate pace so far this year. Real gross domestic product (GDP) is estimated to have risen at an annual rate of 2-1/2 percent in the first quarter after increasing 1-3/4 per

Minutes of the Federal Open Market Committee

Posted by Forexsq 28 days ago (http://www.federalreserve.gov)
img The Manager of the System Open Market Account (SOMA) reported on developments in domestic and foreign financial markets as well as the System open market operations during the period since the Federal Open Market Committee (FOMC) met on March 19-20, 2013. By unanimous vote, the Committee ratified the Open Market Desk's domestic transactions over the intermeeting period. There were no intervention

King Defeated Again as BOE Majority Watches for Inflation

Posted by Forexsq 29 days ago (http://www.bloomberg.com)
img Bank of England Governor Mervyn King was defeated for a fourth month in his bid to expand stimulus as the majority of officials cautioned against the danger of stoking inflation expectations.

Six members of the Monetary Policy Committee voted to keep quantitative easing at 375 billion pounds ($568 billion) this month, the central bank said in the minutes of its May 8-9 meeting, published in Lo

Bank of England Monetary Policy Committee Minutes

Posted by Forexsq 29 days ago (http://www.bankofengland.co.uk)
img There had been a number of domestic and international policy announcements on the month, some of them substantial, to which markets had on balance reacted positively. By and large, there had been little change in prices of safer assets, but the prices of riskier assets had generally continued to rise. 3 There had initially been marked volatility in Japanese asset prices in response to the Bank of

BOJ Statement on Monetary Policy

Posted by Forexsq 29 days ago (http://www.boj.or.jp)
img At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided by a unanimous vote, to set the following guideline for money market operations for the intermeeting period: The Bank of Japan will conduct money market operations so that the monetary base will increase at an annual pace of about 60-70 trillion yen. With regard to the asset purchases, the Bank will continue

Bank of England Inflation Report May 2013

Posted by Forexsq 35 days ago (http://www.bankofengland.co.uk)
img In the United Kingdom, the economic recovery remains weak and uneven. Domestic demand increased moderately during 2012, but this was largely offset by a pronounced fall in exports. Employment continued to grow strongly. The weakness of productivity suggests that the financial crisis may still be weighing on the current effective supply capacity of the economy as well as on demand.

The MPC

Central Banks Keep Easing After Cuts Fail to Spur Growth

Posted by Forexsq 41 days ago (http://www.bloomberg.com)
img Global central bankers are poised to ease monetary policy even further after a wave of interest-rate cuts from India to Poland.

As Group of Seven finance chiefs gather in the U.K. today with monetary policy on their agenda, economists at Morgan Stanley and Credit Suisse Group AG are among those predicting policy makers will keep deploying stimulus amid weak global growth, slowing inflation and

No negative ECB deposit rate for now, says Nowotny

Posted by Forexsq 48 days ago (http://uk.reuters.com)
img The possibility the European Central Bank might cut its deposit rate below zero is not relevant for now, ECB policymaker Ewald Nowotny said on Friday.

ECB President Mario Draghi said on Thursday the ECB was "technically ready" to cut the deposit rate from zero percent, meaning it would start charging banks for holding their money overnight.

The comments triggered speculation the central ban
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