FED lowered their main interest rate for a second time this year by 0.25%

Last week on September 18. Federal Reserve policy makers lowered their main interest rate for a second time this year by 0.25%, from 2.25% to 2.00% and Chairman Jerome Powell said that “moderate” policy moves should be sufficient to sustain the U.S. expansion. “We took this step to help keep the U.S. economy strong in the face of some notable developments and to provide insurance against ongoing risks,” Powell told reporters Read more

ECB – The interest rate on the deposit facility will be decreased by 10 basis points to -0.50%

We’re little late with last two monetary policy decisions from the ECB and FED as we were away, but here they are anyway, as we want to have them in our data base.

On September 12. the Governing Council of the ECB took the following monetary policy decisions: (1) The interest rate on the deposit facility will be decreased by 10 basis points to -0.50%. The interest rate on the Read more

BOE leaves bank rate unchanged at 0.75%

The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 31 July 2019, the MPC voted unanimously to maintain Bank Rate at 0.75%. The Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central bank reserves, at £10 billion. Read more

The FED cut rates by 0.25% for the first time since 2008

The Federal Reserve on Wednesday lowered interest rates for the first time since the Great Recession in 2008 to help stave off the possibility of an economic downturn. Policymakers led by Fed Chairman Jerome Powell voted 8-2 in favor of a small cut in the federal funds rate, and recommitted to their promise to “act as appropriate” to sustain the country’s longest economic expansion in historyInterest rates, which affect the cost of borrowing for credit cards and mortgages, are now set in between 2% and 2.25%. The rate cut follows months of pressure from President Donald Trump, who has broken with his predecessors’ practice of walling off the central bank from politics…

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The ECB leaves key rates unchanged

At today’s meeting the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council expects the key ECB interest rates to remain at their present or lower levels at least through the first half of 2020, and Read more