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China's property slump dampens upbeat economic data
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The yen dwindled near the 150 per dollar level on Tuesday but held its ground ahead of a pivotal policy decision from the Bank of Japan (BOJ), while the U.S. dollar towered over ...
A week packed with central bank decisions starts on a mixed note after hotter-than-expected US inflation sent the US 2-year yield around 25bp higher over the week and the 10-year ...
Between adjustments in Fed policy and a coming presidential election, it's going to be an emotional year, but historical data show staying invested is the best course for ...
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The AUD/USD slipped by 0.01% on Monday. After a 0.32% loss on Friday, the Australian dollar ended the session at $0.65591. The Australian dollar rose to a high of $0.65739 before ...
post: BoJ Governor Ueda Proposes As Chair Ending Negative Rates - NHKBank of Japan Governor Ueda proposes lifting of negative interest rate policy The Bank of Japan is holding its second day of monetary policy decision-making meetings today, and Governor Ueda has just proposed a proposal for a major shift in monetary easing measures, such as lifting the negative interest rate policy, and has begun to summarize the discussion. We plan to announce the decisions made at the meeting soon, and if we end negative interest rates and raise interest rates, it will be the first time in 17 years. At today's second-day meeting, nine policy committee members, including Governor Ueda, are discussing the immediate direction of policy management. Governor Ueda, who is currently serving as chairman, proposed a proposal for a major shift in monetary easing measures, including the lifting of the negative interest rate policy, and the discussion began. It also appears that discussion
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. Inflation continues to moderate but remains high. Recent information suggests that inflation continues to moderate, in line with the RBA’s latest forecasts. The headline monthly CPI indicator was steady at 3.4 per cent over the year to January, with momentum easing over recent months, driven by moderating goods inflation. Services inflation remains elevated, and is moderating at a more gradual pace. The data are consistent with continuing excess demand in the economy and strong domestic cost pressures, both for labour and non-labour inputs. Higher interest rates are working to establish a more sustainable balance between aggregate demand and supply in the economy. Accordingly, conditions in the labour market continue to ease gradually, although they remain tighter than is consistent with sustained full employment and inflation at target. Wages growth picked up a little further in the December quarter, but appears to have peaked with indications it will moderate over the year ahead. Nevertheless, this level of wages growth remains consistent with the inflation target only on the assumption that productivity growth increases to around its long-run average. Inflation is still weighing on people’s real incomes and household consumption growth is weak, as is dwelling investment. The outlook remains highly uncertain. While there are encouraging signs that inflation is moderating, the economic outlook remains uncertain. The December quarter national accounts data confirmed growth has slowed. Household consumption growth remains particularly weak amid high inflation and the rise in interest rates. After recent declines, real inc post: <AUD=>: *RBA LEAVES CASH RATE TARGET AT 4.35% *RBA: INFLATION CONTINUES TO MODERATE BUT REMAINS HIGH *RBA SAYS WAGE GROWTH LEVEL CONSISTENT WITH INFLATION TARGET post: RBA: ACCORDINGLY, CONDITIONS IN THE LABOUR MARKET CONTINUE TO EASE GRADUALLY, ALTHOUGH THEY REMAIN TIGHTER THAN IS CONSISTENT WITH SUSTAINED FULL EMPLOYMENT AND INFLATION AT TARGET post: RBA: WHILE THERE ARE ENCOURAGING SIGNS THAT INFLATION IS MODERATING, THE ECONOMIC OUTLOOK REMAINS UNCERTAIN #News #Markets #RBA #ECONOMIC #INFLATION #live
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- Posted: Mar 18, 2024 10:34pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,223
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