FED STAYS WITH RATES BUT IT WILL KEEP BUYING AT LEAST $120BN OF DEBT PER MONTH

The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Economic activity and employment have continued toContinue reading “FED STAYS WITH RATES BUT IT WILL KEEP BUYING AT LEAST $120BN OF DEBT PER MONTH”

ECB LEAVES RATES UNCHANGED AND EXPANDS PEPP BY 500 BILLION EUROS UNTIL MARCH 2022

In view of the economic fallout from the resurgence of the pandemic, today the Governing Council recalibrated its monetary policy instruments as follows: First, 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 per cent, 0.25 per centContinue reading “ECB LEAVES RATES UNCHANGED AND EXPANDS PEPP BY 500 BILLION EUROS UNTIL MARCH 2022”

FED; FOMC LEAVES RATES AND BOND BUYING UNCHANGED

The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Economic activity and employment have continued toContinue reading “FED; FOMC LEAVES RATES AND BOND BUYING UNCHANGED”

BOE; BANK RATE HELD AT 0.1% AND ASSET PURCHASES INCREASED BY £150BN

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.  In that context, its challenge at present is to respond to the economic and financial impact of the Covid pandemic.  At its meeting ending on 4 NovemberContinue reading “BOE; BANK RATE HELD AT 0.1% AND ASSET PURCHASES INCREASED BY £150BN”

ECB; THE RATES STAYS ON HOLD

In the current environment of risks clearly tilted to the downside, the Governing Council will carefully assess the incoming information, including the dynamics of the pandemic, prospects for a rollout of vaccines and developments in the exchange rate. The new round of Eurosystem staff macroeconomic projections in December will allow a thorough reassessment of theContinue reading “ECB; THE RATES STAYS ON HOLD”