The economy of Australia is performing incredibly well according to statements by Reserve Bank of Australia Philip Lowe, Governor Monetary Policy Decision. The Gross Domestic Product has been increased by 3.4 per cent while the unemployment rate has reduced to 5 per cent over the past year; this is the lowest point in six years. However, it is important to note that the … [Read more...]
Boston Fed’s Rosengren: Stronger U.S. economy could justify ‘restrictive’ rates
When the President of Federal Reserve Bank, Eric Rosengren made a case for a strict monetary policymaking a switch from low-interest rates, he said this is the best time to begin the process of moving towards standard rates with the presence of five percent unemployment, inflation, and weak growth. In the next two years, he collaborated with his contemporaries to form a … [Read more...]
Turkey’s Lira: words not sufficient to Raise Interest Rates
The Turkish lira may become viable after the central bank gave signs higher interest rates were underway, but some investors are concerned that any effective relief will require an extreme hike that it is sure to deliver. Further, it is on record that even after 700 basis points of monetary pull back since December; consumer-price growth has increased for five months, … [Read more...]
“The time for rates hike not right,” Bullard to Federal Reserve Bank.
The Federal Reserve Bank of St. Louis President James Bullard admonished management members to halt raising rates again, however, Bullard appeared resolved that a move higher this month is pretty much a done deal. The bank president while speaking in an interview on Fox Business Network on Tuesday complimented the economy saying: “we’ve got a pretty good policy right now and … [Read more...]
Argentina hoists Rates, Seeks IMF Aid to Save Peso.
Just as Argentina faces her current currency crisis, this situation worsens on Thursday as an attempt to increase in the interest rate to 60 percent failed to stop shifty investors from repatriating their money from the country. Just in, the Peso continues to record more landslides following the IMF increase in its benchmark rates by 15 percentage points to a global … [Read more...]