Tag: interest rates
A 25 basis point cut in US rates will pull down the net interest margin at banks by about 6 basis points, says an analyst.
Aside from rate cuts, other moves could include restarting 'quantitative easing' purchases of government and corporate debt.
'Bets of US rate cuts have been rising quickly in recent days and we think the pricing has become too aggressive so the dollar's downside is limited,'says Manuel Oliveri, a currency strategist at Credit Agricole in London.
'Central banks should revisit and reassess their policy frameworks, strategies, and toolkits, to maximize efficacy.'
'Overall inflation pressures in the US will remain muted and tweaking monetary policy won’t impact that.'
'Markets are considering on the possible breakdown in US-Sino trade talks.'
Fed Chairman Jerome Powell is due to announce the second policy decision of the year on Wednesday by the rate-setting Federal Open Market Committee.
Debt is rallying across the region as a worsening economic outlook prompts dovish noises from central banks, suggesting the tightening cycle is over.
The European Central Bank says interest rates will remain at historic lows until at least the end of the year.
Like US President Donald Trump, politicians from Rome to London are happy to drag central bankers through the mud.
The dollar index against a basket of six major currencies is set to decline about 0.3% this week, which could be its biggest weekly fall in a month.
The US central bank increased the benchmark rate four times last year but rising concerns about a slowing US economy
The details of the new regulations which were signed by President Joko Widodo are similar to what ministers had revealed in November.
The price declines were more profound outside the capital area.
Veerathai Santiprabhob says unlike in the past, any policy tightening will not be continuous and will be data-dependent.
Futures markets currently put the odds of a rate hike this week at about 80%.
All but one of 60 economists in a Bloomberg survey predict the Monetary Policy Committee will maintain the benchmark at 0.75% when the decision of its nine members is announced Thursday.
Prices have soared in Turkey over the last months as the lira came under pressure, stoking fears over the long-term economic health of the country.
The Fed's view, detailed in the minutes of its September meeting released on Wednesday, bolstered expectations of a fourth interest rate hike in December and more next year.
Minutes of the Federal Reserve's Sept 25-26 meeting showed every Fed policymaker backed raising interest rates last month and also generally agreed borrowing costs were set to rise further.
The Fund's member countries agreed to debate ways to improve the World Trade Organization so it can better address trade disputes.
Indonesia has been one of the hardest hit economies in Asia in the global emerging-market sell-off.
The moves by HSBC, Standard Chartered and Hang Seng Bank came after the Hong Kong Monetary Authority lifted its borrowing costs following an increase by the US Federal Reserve.
The ruble has lost more than 8% since the last time the central bank reviewed rates at the end of July, even as it’s appreciated against the dollar for most of this week.