Why some economists think the RBA should drop its inflation target
Aug 23, 2016 06:45 am UTC| Insights & Views Central Banks
In the revolving door of economic ideas, the old can be suddenly new again. Independent Senator Nick Xenophon resurrected one such idea this week. He said the Reserve Bank of Australia should replace its inflation target...
Negative interest rate policy arouse doubts over impact on capital markets, IMF defends ECB’s policy
Aug 23, 2016 06:15 am UTC| Commentary Central Banks
The negative interest rate policy has aroused doubts over the potential impact on capital markets; the debate about whether a negative interest rate policy (NIRP) helps or hinders the transmission mechanism of monetary...
Aug 23, 2016 05:24 am UTC| Central Banks
The current prices of NZDCAD hold stronger at supports of 0.9307 despite gravestone doji, upswings likely to drag further but the stiff resistance seen at 0.9517 levels. On a broader perspective, the triple top formation...
Jackson Hole event could provide more clarity about timing of the next Fed hike
Aug 22, 2016 14:14 pm UTC| Commentary Central Banks
U.S. Federal Reserves Jackson Hole meeting scheduled this week could produce some hints about the timing of a further interest rate hike. The Jackson Hole event has previously been a platform for the Federal Reserve to...
RBNZ’s tightening loan-to-value restrictions likely to be effective from Sep 1
Aug 22, 2016 11:35 am UTC| Commentary Central Banks
The Reserve Bank of New Zealand has tightened the loan-to-value restrictions (LVR) for residential lending during a decision undertaken in July, which is likely to be effective from September 1, 2016. The central bank...
Jackson Hole could focus on possible shifts in U.S. long-term strategies
Aug 22, 2016 10:54 am UTC| Insights & Views Central Banks
The annual Jackson Hole conference titled Designing Resilient Monetary Policy Frameworks for the Future scheduled to be held from 25-27 August is expected to shed some light on the future path of Fed rate hikes. The...
Indonesia’s domestic conditions warrant additional easing, BI lowers 2016 growth outlook
Aug 22, 2016 10:02 am UTC| Commentary Central Banks
Bank Indonesia kept the new reference rate at the same level during its unusually long meeting on 18th -19th August. The level was maintained at the level seen during the reference period. This is despite the continuous...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects