The ECB kept monetary stimulus unchanged at President Christine Lagarde’s first policy meeting

The ECB kept its deposit rate at a record-low minus 0.5%, and bond purchases at 20 billion euros ($22 billion) a month, sticking to a controversial package unveiled in September.

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 Read more

FED leaves rates on hold. Forecasts for 2020, no change!?

Federal Reserve issues FOMC statement

Information received since the Federal Open Market Committee met in October indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although household spending has been rising at a strong pace, business fixed investment and exports remain weak. On a 12‑month basis, overall inflation Read more

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