BOJ leaves rates unchanged

Bank of Japan maintains short-term interest rate target at -0.1% and 10-year JGB yield target around 0.0%. Leaves unchanged pledge to buy JGBs more or less at current pace so its holdings increase at annual pace of around 80 Trl ¥. Current economic outlook Japan real GDP expected +1.6% in fiscal year 2017/18 vs +1.5% projectedContinue reading “BOJ leaves rates unchanged”

Bank of Canada hold interest rate at 0.5%

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Global economic growth is strengthening and becoming more broadly-based than the Bank had expected in its JanuaryMonetary Policy ReportContinue reading “Bank of Canada hold interest rate at 0.5%”

Reserve Bank of Australia on hold with rates

As expected, the RBA hold key interest rates at 1.5%. Here is the RBA Governor Lowe’s statement, full text: At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Conditions in the global economy have improved over recent months. Both global trade and industrial production have picked up. Labour markets haveContinue reading “Reserve Bank of Australia on hold with rates”

RBNZ holds rates at 1.75%

The Reserve Bank of New Zealand left the Official Cash Rate (OCR) unchanged at 1.75 %. Statement by Reserve Bank Governor Wheeler: Macroeconomic indicators in advanced economies have been positive over the past two months.  However, major challenges remain with on-going surplus capacity in the global economy and extensive geo-political uncertainty. Global headline inflation hasContinue reading “RBNZ holds rates at 1.75%”

FED hikes rates to range of 0.75 -1.00%

Prior was 0.50%-0.75% Policy to support sustained return to 2% inflation Repeats labor market strengthening, job gains solid Business investment appears to have firmed somewhat Rate hikes to be ‘gradual’, that’s a small change from ‘only gradual’ previously Repeats that near-term risks to outlook ‘roughly balanced’ Excluding food and energy, inflation is still below 2% FOMCContinue reading “FED hikes rates to range of 0.75 -1.00%”