Original Source Cleveland Federal Reserve: According to the words of Cleveland Federal Reserve President, Loretta Mester, on Tuesday, there is a need for the United States Federal Reserve to increase the interest rates in 2019 but raised concerns that it could lead to an end of its concerted efforts to reduce its significant bond portfolio before the end of the year. For … [Read more...]
Australia’s key rate held at 1.50 percent as the economy has faster growth and less jobless
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...]
Bank of Canada Keeps Benchmark Rate Unchanged
The interest rate was maintained at 1.5% by the Central Bank, an indication that the NAFTA talks could influence the pace of increases in the future. On Wednesday, the Bank of Canada kept its standard interest rate stable at 1.5% as there is a possibility that the North American Free Trade Agreement could have a significant impact on the increases of future rates. In a short … [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...]
Rising ECB Rates? No problem for EU Finance Ministers!
Europe’s finance ministers need not lose a sleep over the fact that European Central Bank’s exit after years of loose monetary strategy will provoke financial upheavals, an upcoming study says. According to Daniel Gros the director of the Brussels-based Center for European Policy Studies, on his opinion to be presented at a meeting with central bankers and finance chiefs in … [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...]
Canada’s Hot Economy Tests Canadian Banker Poloz’s Patience With Canadian Rates
With the pushing of protectionism from President Trump, the biggest obstacle to the economic expansion of Canada is within its borders. Local news emanating from Canada confirmed that the economy of Canada is closer to overheating than stumbling on the back of trade uncertainty, a situation that has compelled the Bank of Canada to introduce higher interest rates. There is an … [Read more...]
German and Swiss Lenders Change Of Plans on Negative Rates
As a result of the recent negative deposit rates levied by the central banks in the region, some smaller banks in Switzerland and Germany are presently finding it hard to provide the appropriate answers to the situation. In the last few days, various lenders have made a pronouncement of new policies. The penalty in the form of interest on the savings of private customers was … [Read more...]