Central Banking Series

RBNZ monetary policy: Assessing future bias

Feb 09, 2017 11:00 am UTC| Commentary Central Banks

Reserve Bank of New Zealand (RBNZ) announced monetary policy last night and kept its key overnight cash rate unchanged at 1.75%. Lets look at the policy statement details to assess the bias According to RBNZ...

Central Banking Series

Philippine central bank keeps policy rates unchanged, raises 2017 inflation forecast to 3.5 pct

Feb 09, 2017 10:09 am UTC| Commentary Central Banks

The Philippine central bank kept its policy settings unchanged today, as widely expected. The interest rates were kept on hold. Policy tools have been stable since the formal shift to the interest rate corridor in June...

Central Banking Series

National Bank of Poland keeps interest rates on hold, expects price growth to stabilize in coming quarters

Feb 09, 2017 08:53 am UTC| Commentary Central Banks

The National Bank of Poland yesterday decided to keep the interest rates on hold. The Monetary Policy Council decided to keep the reference rate at 1.5 percent, deposit rate at 0.5 percent, Lombard rate at 2.5 percent and...

RBNZ leaves OCR unchanged at 1.75 pct, maintains neutral bias

Feb 09, 2017 05:46 am UTC| Commentary Economy Central Banks

The Reserve Bank of New Zealand (RBNZ) left the official cash rate at a record-low of 1.75 percent at this years first monetary policy meeting held late Wednesday and signalled that it is likely to remain on hold for some...

RBI unexpectedly leaves rates unchanged, slashes growth outlook

Feb 08, 2017 14:55 pm UTC| Commentary Central Banks Economy

The Reserve Bank of Indias (RBI) monetary policy committee, headed by Governor Urjit Patel, unexpectedly left the main interest rate unchanged at 6.25 percent. The RBI lowered GDP growth forecast for this fiscal to 6.9...

ECB's policy dependent on price stability, expansionary policy to continue for now - ECB’s Weidmann

Feb 08, 2017 14:33 pm UTC| Commentary Central Banks

In an interview with the German Press, the European Central Bank (ECB) governing council member and Bundesbank President Jens Weidmann said that the ECB is currently not at point where it can end expansionary...

RBNZ likely to stand pat on policy today

Feb 08, 2017 11:03 am UTC| Commentary Central Banks

Today Reserve Bank of New Zealand (RBNZ) will announce its monetary policy around 20:00 GMT. Over the past year or so, RBNZ has reduced rates from 3.5 percent to 1.75 percent, which is an all-time low, however, the bank is...