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  • 2 June 2016, 08:17
    Beige Book: the U.S. economic activity expands modestly in most districts

    The Fed released its Beige Book on Wednesday. The central bank said that the U.S. economy expanded modestly in most districts since the last Beige Book report.

    The Districts of Philadelphia, Cleveland, Atlanta, Chicago, St. Louis and Minneapolis activity grew modestly, San Francisco's economy expanded moderately, Chicago's and Kansas City's activity economy rose slowly, Dallas' economy expanded marginally, while the New York District's growth was steady.

    The Fed noted that consumer rose modestly in many district, the labour market expanded modestly, while prices increased slightly in most districts.

    Manufacturing activity was mixed across districts, while construction activity rose April through mid-May.

  • 1 June 2016, 08:48
    European Central Bank Governing Council member Ignazio Visco: the ECB is ready to add further stimulus measures if needed

    The European Central Bank (ECB) Governing Council member Ignazio Visco said on Tuesday that the central bank was ready to add further stimulus measures if needed to boost inflation in the Eurozone.

    "We will continue if necessary to deploy all the instruments made available to us in our mandate," he said.

  • 31 May 2016, 10:04
    M3 money supply in the Eurozone rises 4.6% in April from last year

    The European Central Bank (ECB) released its M3 money supply figures on Tuesday. M3 money supply rose 4.6% in April from last year, missing expectations for a 5.0% gain, after a 5.0 % increase in March.

    Loans to the private sector in the Eurozone climbed 1.5% in April from the last year, in line with expectations, after a 1.6% gain in March.

    Total credit to euro area residents increased to 3.3% year-on-year in April from 3.1% in March.

    Loans to non-financial corporations rose to 1.2% year-on-year in April from 1.1% in March.

  • 30 May 2016, 15:22
    St. Louis Fed President James Bullard: global financial markets are “well-prepared” for an interest rate hike in the summer

    St. Louis Fed President James Bullard said in Seoul on Monday that global financial markets were "well-prepared" for an interest rate hike in the summer. He did not specify a date.

    Bullard noted that the U.S. economy seemed to rebound in the second quarter.

    St. Louis Fed president also said that an interest rate hike would depend on the incoming U.S. economic data.

    Bullard is a voting member of the Federal Open Market Committee (FOMC) this year.

  • 30 May 2016, 14:32
    European Central Bank purchases €19.3 billion of government and agency bonds last week

    The European Central Bank (ECB) purchased €19.3 billion of government and agency bonds under its quantitative-easing program last week.

    The ECB bought €1.18 billion of covered bonds, and €1 million of asset-backed securities.

    The ECB cut its interest rate to 0.00% from 0.05% and deposit rate to -0.4% from -0.3% at its March monetary policy meeting. The ECB also expanded its monthly purchases to €80 billion from €60 billion, to take effect in April. Purchases will include non-bank corporate debt.

  • 27 May 2016, 09:06
    Fed Governor Jerome Powell: the Fed could raise its interest rate soon

    Fed Governor Jerome Powell said in a speech on Thursday that the Fed could raise its interest rate soon.

    "Depending on the incoming data and the evolving risks, another rate increase may be appropriate fairly soon," he said.

    "Several factors suggest that the pace of rate increases should be gradual," Powell added.

    Fed governor noted that the referendum on Britain's membership in the European Union could weigh on the Fed's interest rate decision in June.

    Powell is a voting member of the Federal Open Market Committee (FOMC).

  • 27 May 2016, 08:56
    St. Louis Fed President James Bullard: financial markets have an appropriate view on the Fed’s monetary policy in June after the release of the Fed’s April minutes

    St. Louis Fed President James Bullard said on Thursday that financial markets had an appropriate view on the Fed's monetary policy in June after the release of the Fed's April monetary policy meeting minutes.

    "I think they read the minutes correctly," he said.

    Bullard noted that the Fed's interest rate decision in June would depend on the incoming economic data.

  • 26 May 2016, 08:02
    Dallas Fed President Robert Kaplan would support an interest rate hike in the “near future”

    Dallas Fed President Robert Kaplan said on Wednesday that he would support an interest rate hike in the "near future" if the U.S. economy continued to improve.

    "That may not be June or July," he added.

    Kaplan noted that the referendum on Britain's membership in the European Union may weigh on the Fed's interest rate decision in June.

  • 25 May 2016, 15:16
    Philadelphia Fed President Patrick Harker: the Fed could raise its interest rate two to three times this year

    Philadelphia Fed President Harker said on Wednesday that that he expected the Fed could raise its interest rate two to three times this year. He noted that U.S. presidential election would not have an impact on the Fed's monetary policy.

    Philadelphia Fed president pointed out that there were no significant risks from China.

    Harker is not a voting member of the Federal Open Market Committee (FOMC) this year.

  • 25 May 2016, 14:44
    Bank of Canada keeps its interest rate unchanged at 0.50% in May

    The Bank of Canada (BoC) released its interest rate decision on Wednesday. The central bank kept its interest rate unchanged at 0.50%, noting that the current monetary policy was still appropriate. This decision was expected by analysts.

    The BoC noted that the Canadian economic growth in the first quarter was in line with the BoC's forecasts, adding that the growth in the second quarter would be weaker than previously expected due to wildfires in Alberta. According to the central bank, the economy was expected to rebound in the third quarter due to higher oil prices.

    The central bank also said that business investment and intentions remained disappointing.

    According to the central bank, inflation was evolving as anticipated by the BoC, and rose due to higher oil prices.

    Risks around the inflation are roughly balanced, the central bank said.

    The BoC added that household vulnerabilities increased.

  • 25 May 2016, 08:25
    European Central Bank Vice President Vitor Constancio: there is no need to discuss further stimulus measures

    The European Central Bank (ECB) Vice President Vitor Constancio said in an interview with Reuters on Tuesday that there was no need to discuss further stimulus measures as the recent measures needed more time to take effect.

    "Let us see what the effects are. These sorts of measures take time and some have not even been implemented," he said.

  • 24 May 2016, 15:45
    European Central Bank’s Financial Stability Review: risks to the Eurozone's financial stability increased since November 2015

    The European Central Bank (ECB) released its Financial Stability Review on Tuesday. The central bank said that risks to the Eurozone's financial stability increased since November 2015.

    "Compared with the November 2015 FSR, most risks have increased. At the same time, all risks are clearly intertwined and would, if they were to materialise, have the potential to be mutually reinforcing. Indeed, all risks could be aggravated by a materialisation of downside risks to economic growth," the report said.

    The ECB Vice President Vitor Constancio said in a press conference today that an interest rate hike would not have a negative impact on financial markets in Europe but on emerging economies.

  • 24 May 2016, 15:18
    Bank of England Governor Mark Carney: the BoE is neutral and responsible to warn Britons about risks in case of Britain’s leave from the European Union

    Bank of England (BoE) Governor Mark Carney testified before the Treasury Select Committee on Thursday. He said that the BoE was neutral and responsible to warn Britons about risks in case of Britain's leave from the European Union (EU).

    Carney pointed out that the central bank would not immediately cut its interest rate in case of Britain's exit from the EU.

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