• Sat
  • Jul 26, 2014
  • Updated: 3:07pm

Monetary Policy

Perceived shift in US Fed's monetary policy causes uncertainty

As the dust begins to settle around the latest perceived shift in policy on the part of the United States Federal Reserve, uncomfortable questions are being asked about the credibility of US monetary policy and the communication skills of the world's most closely watched central bankers.

Tuesday, 1 April, 2014, 7:07pm

Pursuit of unconventional monetary policy may be in the market's hands

Don't fight the Fed was once a maxim for investors to live by and shorthand for the unwritten rule that when the world's major central banks demanded that markets jump, the only response was "How high?"

14 Mar 2014 - 4:33am

China's consumer prices rise at steady rate of 2.5pc year on year in January

The mainland's consumer price index climbed 2.5 per cent year on year last month, on par with the rise in December, which was the slowest increase since June.

15 Feb 2014 - 4:16am 3 comments

Bank of Japan keeps rates on hold, says economy starting to recover

The central bank made no major changes to its forecast that consumer inflation will accelerate to nearly 2 per cent by March 2016, a key target for Prime Minister Shinzo Abe's drive to reflate the economy.

12 Jul 2013 - 3:38am

Fed split in June on QE timing; Bernanke sees easy policy for now

About half of the Federal Reserve’s policymakers felt the US central bank’s bond-buying stimulus should be brought to a halt by year end when they met in June, but many wanted reassurance the US jobs recovery was on solid ground before any policy retreat.

11 Jul 2013 - 10:38am

ECB holds rate steady as expected

The European Central Bank on Thursday held its key rates unchanged, as widely expected, at its regular monthly policy meeting.

The ECB’s governing council voted to keep the bank’s key “refi” refinancing rate steady at an all-time low of 0.50 per cent, it said in a statement.

4 Jul 2013 - 9:45pm

Australia’s cenbank ready to act further as mining boom peaks

The cooling of Australia’s long-run mining investment boom will pose a significant challenge, but the central bank stands ready to help support an economy shifting to a new source of growth, the head of the Reserve Bank of Australia said on Wednesday.

3 Jul 2013 - 12:09pm

Australia central bank keeps easing bias, talks down A$

Australia’s central bank kept its main cash rate at a record low of 2.75 per cent on Tuesday and said there might be room for further easing, given the local currency remained too high for comfort.

The Australian dollar duly slipped a third of a cent as the market took the Reserve Bank of Australia’s (RBA) comments as encouragement to sell.

2 Jul 2013 - 1:43pm

Amid China market stand off, calls for a more transparent central bank

China’s central bank rarely explains its actions in public and keeps markets guessing on policy, but the angst created by its stand off with banks in the money markets is prompting calls for it to change tack.

The People’s Bank of China (PBOC) let short-term interest rates spike to extraordinary levels this past week as it refused to inject funds into money markets.

24 Jun 2013 - 10:59am

US retail sales rise in May in sign world's biggest economy is recovering

The signs of resilience in the economy, despite belt-tightening in Washington, could heat up the debate on when the Federal Reserve might start scaling back its expansive monetary stimulus.

14 Jun 2013 - 3:49am