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  • 13 April 2015, 12:20
    Federal Reserve Bank of Minneapolis President Narayana Kocherlakota: the Fed should wait until the second half of 2015 before starting to hike its interest rate

    The Federal Reserve Bank of Minneapolis President Narayana Kocherlakota noted on Friday that the Fed should wait until the second half of 2015 before starting to hike its interest rate.

    "Under my current outlook, I continue to believe that it would be a mistake to raise the target range for the fed funds rate in 2015," Mr. Kocherlakota said.

  • 10 April 2015, 14:53
    Richmond Fed President Jeffrey Lacker: the Fed could start to raise its interest rate in June

    The Richmond Fed President Jeffrey Lacker said on Friday that the Fed could start to raise its interest rate in June if "incoming economic reports diverge substantially from projections".

    He added that it would be ok if the Fed will cut interest rate after rate hike if needed.

    The Richmond Fed president expects that U.S. inflation will pick up toward the Fed's 2% target.

    Lacker is a voting member of the Federal Open Market Committee this year.

  • 9 April 2015, 16:07
    Bank of Japan’ monthly economic report: the economy recovered moderately

    The Bank of Japan (BoJ) released its monthly economic report on Wednesday. The BoJ said that the economy recovered moderately. Exports are expected to rise due to the recovery in overseas economies.

    "Private consumption is expected to remain resilient," the central bank said.

    The BoJ expects the consumer price inflation to be about 0% year-on-year.

  • 9 April 2015, 12:45
    Bank of England keeps its interest rate on hold at 0.5% in April

    The Bank of England (BoE) released its interest rate decision on Thursday. The BoE kept its interest rates unchanged at 0.5% and its asset purchase program unchanged at £375 billion. This decision was widely expected.

    Low inflation weighed on the BoE's interest rate decision. The U.K. consumer price index declined to zero in February from 0.3% in January. It was the lowest level since 1989.

    Analysts expect that the BoE will start to raise its interest rate in early 2016.

    Investors are awaiting the minutes of the monetary policy committee (MPC). The minutes of the meeting will be released on April 22.

    All members voted in March to keep the central bank's monetary policy unchanged, according to MPC's meeting minutes.

  • 9 April 2015, 11:37
    FOMC’s March minutes: Fed officials were divided over when to start to hike interest rate

    Federal Reserve released its March monetary policy meeting minutes on Wednesday. Fed officials were divided over when to start to hike interest rate. Some official said that it is better to raise interest rate in June, some officials would like to wait longer and some officials would prefer to wait until 2016.

    The Fed dropped "patient" from its outlook for monetary policy at its March monetary policy meeting. Investors expected that the central bank may start to hike its interest rate in June. But the released economic data showed that the U.S. economy slowed in early 2015.

  • 8 April 2015, 15:08
    Bank of Japan Governor Haruhiko Kuroda: the stimulus boost in October has a positive impact on wages and prices

    The Bank of Japan (BoJ) Governor Haruhiko Kuroda said at the press conference on Wednesday that Japan's economy faces less risk now than it did last year. He noted that the stimulus boost in October has a positive impact on wages and prices.

    The BoJ governor reiterated that the central will adjust its monetary policy if needed to achieve its 2% inflation target.

  • 8 April 2015, 14:57
    New York Federal Reserve President William Dudley: the Fed could still start to raise its interest in June

    The New York Federal Reserve President William Dudley said on Wednesday that the Fed could still start to raise its interest in June if the economic data pick up in the coming months. He noted that it is better to wait to hike interest rate as the inflation is below the Fed's 2% target.

    He pointed out that the pace of the interest rate increase will depend on market reaction.

  • 8 April 2015, 14:15
    Federal Reserve Governor Jerome Powell: the Fed should wait longer before tightening its monetary policy

    The Federal Reserve Governor Jerome Powell said in a speech in New York on Wednesday that the Fed should wait longer before tightening its monetary policy, but he expects the first interest rate hike "later this year". He added that he believes it's better to raise interest rate if the economic data better than expected.

    Powell noted that the financial crisis damaged the productive capacity of the U.S. economy. "Given this uncertainty, it is even more difficult than usual to assess how much slack remains. It seems plausible that at least part of this supply-side damage could be reversed if the economy enjoys a period of sustained growth," he said.

    The Federal Reserve governor expects that the labour market will continue to strengthen.

    Powell noted that he expects the interest rate to increase "fairly gradually".

  • 8 April 2015, 13:58
    Bank of England’ quarterly Credit Conditions Survey: U.K. lenders expect the demand for secured lending for house purchase to increase in the second quarter of 2015

    The Bank of England released its quarterly Credit Conditions Survey on Wednesday. U.K. lenders expect the demand for secured lending for house purchase to increase in the second quarter of 2015. The demand for secured lending for house purchase fell in the first quarter.

    The demand for credit card lending by households also declined in the first quarter.

    The demand for lending from large corporates rose in the first quarter, while the demand from small businesses and medium-sized companies remained unchanged.

  • 8 April 2015, 09:30
    Bank of Japan keeps rate at 0.10%

    The Bank of Japan left the key interest rate unchanged at 0.10% after an 8 to 1 vote and kept the bank's Monetary Base Target unchanged at 275 billion. One member voted against and expressed that the stimulus should be reduced but was voted down. Takahide Kiuchi wants the BoJ to cut its asset-purchase target by almost half. The bank should make inflation at 2% a medium to long term target. Tensions on the board are intensifying.

  • 7 April 2015, 16:42
    European Central Bank purchased almost 61 billion euros of government bonds in the first month of its quantitative easing programme

    The European Central Bank (ECB) said on Tuesday that it purchased almost 61 billion euros of government bonds and other assets in March. The central bank beat its target in the first month of a quantitative easing programme. The ECB started to buy government bonds on March 09.

    The ECB purchased 52.555 billion euros of government bonds since March 09: 11.1 billion euros of German government bonds, 8.75 billion euros of French government bonds and 7.6 billion euros of Italian government bonds.

    The ECB said that it settled 64.670 billion euros in total covered bond purchases as of April 03, and 4.888 billion euros in purchases of asset-backed securities (ABS).

  • 7 April 2015, 16:32
    European Central Bank (ECB) Executive Board Member Yves Mersch: the central bank could adjust its quantitative easing programme

    The European Central Bank (ECB) Executive Board Member Yves Mersch said in an interview on Tuesday that the central bank could adjust its quantitative easing programme if inflation target will be achieved faster than expected.

    He noted that the exchange rate should not be used to lift Eurozone's competitiveness because it would breach European Union law.

  • 7 April 2015, 16:18
    Federal Reserve Bank of Atlanta President Dennis Lockhart prefers the Fed will start to raise its interest rate in July or September

    The Federal Reserve Bank of Atlanta President Dennis Lockhart said in an interview Monday on Monday that he prefers the Fed will start to raise its interest rate in July or September. He added that the Fed will have more data, and that the first quarter was "anomalous again".

    The Federal Reserve Bank of Atlanta president expects a rebound in the second quarter.

    Lockhart is a voting member of the Federal Open Market Committee this year.

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