Search Results for: US economy
Statement by Glenn Stevens, Governor: Monetary Policy Decision
May 5th, 2015
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.0 per cent, effective 6 May 2015. The global economy is expanding at a moderate pace, but commodity prices have declined over ...
Deal or no deal, Greece still faces bankruptcy
May 4th, 2015
Despite hopes that Greece and its lenders will come to some agreement in May, not everyone is convinced that a deal – which could unleash a last tranche of much-needed bailout aid — can resolve the country’s looming debt ...
OCR unchanged at 3.5 percent
April 30th, 2015
Statement issued by Reserve Bank of New Zealand Governor Graeme Wheeler: The Reserve Bank today left the Official Cash Rate unchanged at 3.5 percent. Trading partner growth continues at around its long-term average, but remains dependent on highly accommodative ...
China Rate Swap Has Biggest Monthly Drop Since ’08 as PBOC Eases
April 30th, 2015
China’s interest-rate swaps were headed for the biggest monthly drop since 2008 as the central bank steps up monetary easing in support of the economy. The People’s Bank of China lowered lenders’ reserve requirements in April by the most ...
The Financial Markets Now Control Everything
April 29th, 2015
The entire economic and political structure is now dependent in one way or another on the continued expansion of financial markets. The financial markets don’t just dominate the economy–they now control everything. In 1999, the BBC broadcast a 4-part ...
Riksbank purchases government bonds for a further SEK 40-50 billion
April 29th, 2015
Riksbank purchases government bonds for a further SEK 40-50 billion, lowers the repo-rate path significantly and holds the repo rate at −0.25 per cent The expansionary monetary policy is having a positive impact on the Swedish economy and inflation ...
Bank of Thailand: Monetary Policy Committee’s Decision on 29 April 2015
April 29th, 2015
Mr. Mathee Supapongse, Secretary of the Monetary Policy Committee (MPC), announced the outcome of the meeting on 29 April 2015 as follows. The committee voted 5 to 2 to reduce the policy rate by 0.25 percentage point from 1.75 ...
Dollar near 2-month low ahead of U.S. GDP, Fed policy statement
April 29th, 2015
* Dollar index hovers near its lowest level in 2 months * Euro flirts with $1.10, Aussie back near 80 U.S. cents * Investors await U.S. GDP, Fed outcome The dollar wallowed near a two-month low against a basket ...
Greek PM A. Tsipras met with voters in jumbo interview (Video)
April 28th, 2015
Greek Prime Minister A. Tsipras’ interview ran from 11.30 p.m. through to 2.36 a.m. and involved him directly answering voters’ questions Greek Prime Minister Alexis Tsipras appeared confident that an “interim agreement” would be agreed upon with Greece’s partners ...
Asian markets tepid ahead of major earnings, Fed meeting
April 28th, 2015
Asian stock markets were lukewarm Tuesday, taking a cue from losses on Wall Street ahead of earnings from major Asian companies and the Federal Reserve’s policy meeting. KEEPING SCORE: Japan’s Nikkei 225 outperformed the region, gaining 0.5 percent to ...
