The European Central Bank (ECB) stated in its latest Economic Bulletin on Thursday that inflation is likely to stay well above the target even next year. At the same time, the institution stated that it would maintain policy rates at sufficiently restrictive levels for as long as necessary to achieve this goal."In...
Federal Reserve Governor Adriana D. Kugler underscored on Tuesday that the central bank will "likely" start easing its policy "later this year" should the economy "evolve as expected." During her address at the Peterson Institute for International Economics, Kugler pointed out that recent inflation data...
Member of the European Central Bank (ECB) Governing Council and National Bank of Belgium (NBB) Governor Pierre Wunsch shared on Wednesday that a 50 basis point cut in central banks' interest rates could be possible this year should data allow it.During his speech at a lecture in Frankfurt, the...
United States Federal Reserve Chair Jerome Powell underscored on Tuesday that recent data did not provide the bank with sufficient assurance that inflation is consistently trending towards its 2% target in comparison to the progress seen during the second half of 2023, highlighting the need for...
Minutes from the Reserve Bank of Australia's (RBA) last monetary policy meeting revealed that the board considered raising rates by 25 basis points in October.
Ultimately, the members agreed to keep rates steady, as they await data on inflation and jobs. The board stated that further tightening...
The Reserve Bank of Australia (RBA) released the Minutes of its August monetary policy meeting, where it was said that the members agreed that interest rates may need to go higher as the full impact of the recent rate rises has not been fully felt yet.
The board considered raising rates at its...
Bank of Japan's Board member Seiji Adachi stated on Wednesday that it is still too soon for the central bank to exit its ultra-loose monetary policy.
Adachi warned about the risks to Japan's economy, which he said are building up rapidly, adding that a lack of monetary easing does not...
Bank of Japan (BoJ) governor Haruhiko Kuroda stated on Monday that BoJ will continue with powerful monetary easing in order to help the country's economy to recover from the COVID-19-caused fall.
Kuroda also noted that a quarter of Japan's import price gains were directly brought about by the...
Bank of Japan (BoJ) governor Haruhiko Kuroda stated on Monday that the recent weakening of the yen has been "quite sharp" and that the currency's moves could "make it hard for companies to set business plans."
Still, Kuroda reiterated that a stably weak yen can have a positive impact on the...
The economic conditions in Japan are not suitable for the withdrawal of significant monetary stimulus by the central bank, said Seiichi Shimizu, head of the Bank of Japan's (BoJ) Monetary Affairs Department.
It was also noted that unless second-round effects take place, such as an excessive increase in...
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