Monetary Policy Review for EuroZone , England ,Canada and Brazil as on 3rd and 4th December 2014

Bank of England maintains BankRate at 0.50% as on 4th December 2014

European Central Bank maintains Interest Rate at 0.05% as on 4th December 2014

Central Bank of Brazil maintains Interest Rate at 0.05% as on 3rd December 2014

Bank of Canada maintains target for OvernightRate at 1.0% as on 3rd December 2014

#MonetaryPolicyReview for #EuropeanCentralBank , #BankOfEngland , BankOfCanada and #CentralBankOfBrazil as on 3rd and 4th December 2014

#ECB European Central Bank maintains its #Benchmark #InterestRate at 0.05% per annum as on 4th December 2014

#BOE Bank of England maintained its #Benchmark #BankRate at 0.5% per annum along with the stock of assets purchased at 375 Billion Pounds as on 4th December 2014

#BrazilCentralBank raises its #Benchmark #SelicRate by 50 Basis Points to 11.75% per annum as on 3rd December 2014.

#CentralBankofCanada maintained its #BenchmarkTarget for the #OvernightRate at 1.0 percent as on 3rd December 2014.

#EuropeanUnion #EuroArea #EuroZone #MonetaryPolicy #England #London #UnitedKingdom #BancoCentraldoBrasil #Brazil #InterestRates #SouthAmerica #BankofCanada #Canada #InterestRate #PolicyRate

For more Informative post click :
https://www.linkedin.com/company/jhunjhunwalas

Monetary Policy Review for European Central Bank and Reserve Bank of Australia as on 2nd and 6th October 2014

Australian Central Bank holds Rate as on 6th October 2014

European Central Bank maintains
Refinancing Rate as on 2nd October 2014

Monetary Policy Review for #EuropeanCentralBank and #ReserveBankOfAustralia as on 2nd and 6th October 2014

Reserve Bank of Australia maintains the #CashRate at 2.50% per annum . .
Data released by Reserve Bank Of Australia.

European Central Bank maintains its #Benchmark #RefinancingRate at 0.05% per annum
Data compiled and released by European Central Bank.

#RBA #Australia #EuropeanUnion #ECB #MonetaryPolicy

For more Informative post click :

https://www.linkedin.com/company/jhunjhunwalas

European Central Bank cuts its Refinancing Rate as on 4thSeptember 2014

European Central Bank cuts its Refinancing Rate as on 4thSeptember 2014

European Central Bank maintains its Refinancing Rate as on 7th August 2014

#EuropeanCentralBank cuts its Benchmark #RefinancingRate by 10 #BasisPoints to 0.05% per annum and also cuts its #DepositRate by 10 Basis Points to -0.20% as on 4th September 2014

Data compiled and released by European Central Bank.

#EuropeanUnion #ECB #MonetaryPolicy

For more Informative post click :
https://www.linkedin.com/company/jhunjhunwalas

ECB European Central Bank to keep rates low for extended time and may cut

The European Central Bank (ECB) said it will maintain an easy monetary policy stance for "as long as necessary" to boost economic growth and that it may even cut rates further.
    The ECB, which earlier today held its benchmark refinancing rate steady at 0.5 percent, said the risks surrounding its economic outlook remain on the downside and the recent rise in global bond yields "may have the potential to negatively affect economic conditions."
    Low interest rates will help "provide support to a recovery in economic activity later in the year and in 2014," ECB President Mario Draghi told a news conference, adding:
    "The Governing Council expects the key ECB interest rates to remain at present or lower levels for an extended period of time," signaling that the central bank may cut rates if growth fails to improve.
    Draghi's admission that the recent rise in long-term interest rates may be harmful to growth in the 17 nations that share the euro follows a similar concern expressed by the Bank of England earlier today.
    In addition to the "recent tightening in global money and financial market conditions and related uncertainties," Draghi said other downside risks to growth include weaker-than-expected domestic and global demand and slow or insufficient structural reforms in the euro area.

    Long-term interest rates have risen worldwide in recent weeks following the Federal Reserve's decision on June 19 to start winding up its asset purchase program later this year as long as the economy continues to recover.
    But while the U.S. economy is growing, the euro zone remains mired in recession and Draghi is clearly worried that budding signs of improvement could be snuffed out by higher market rates. The ECB cut rates by 25 basis points in May to boost economic activity.
    In the first quarter of this year, the euro zone's Gross Domestic Product contracted by 0.3 percent from the previous quarter - it's sixth quarterly contraction in a row. On an annual basis, the economy shrank by 1.1 percent, up from a 1.0 percent contraction in the fourth quarter.
    Draghi said recent data had shown some improvement and exports should benefit from a gradual recovery in global demand later in the year and next year, with domestic demand supported by the ECB's accommodative policy as recent gains in real income due to the fall in inflation.
    "Overall, euro area economic activity should stabilise and recover in the course of the year, albeit at a subdued pace," Draghi said, repeating his outlook from June when the ECB cut its growth forecast.
    This year the ECB expects the euro zone economy to shrink by 0.6 percent, an improvement from 2012's decline of 1.5 percent.
    Inflation in the euro area rose to 1.6 percent in June, the third monthly rise since falling to a low of 1.2 percent in April. The ECB targets inflation of below but close to 2.0 percent.
    The ECB expects inflation to remain subdued over the medium term, supporting the bank's expectation to keep policy rates low along with weak economic growth.
    "The risks to the outlook for price developments are expected to be still broadly balanced over the medium term, with upside risks relating to stronger than expected increases in administered prices and indirect taxes, as well as higher commodity prices, and downside risks stemming from weaker than expected economic activity," Draghi said.

ECB to keep rates low for extended time and may cut - Central Bank News

for more details log on to European Central Bank website : http://www.ecb.int/home/html/index.en.html 

Global 8 Central Bank Rates and last and next Monetary Policy Meeting dates

Central                       Bank	Current Rate	Next Meeting	Last Change
	Federal Reserve (FED)	0.00%-0.25%	Jun 19, 2013	Dec 16, 2008 (-75bp)
	European Central Bank (ECB)	0.50%	Jun 06, 2013	May 02, 2013 (-25bp)
	Bank of England (BOE)	0.50%	Jun 06, 2013	Mar 05, 2009 (-50bp)
	Swiss National Bank (SNB)	0.00%	Jun 20, 2013	Aug 03, 2011 (-25bp)
	Reserve Bank of Australia (RBA)	2.75%	Jun 04, 2013	May 07, 2013 (-25bp)
	Bank of Canada (BOC)	1.00%	May 29, 2013	Sep 08, 2010 (25bp)
	Reserve Bank of New Zealand (RBNZ)	2.50%	Jun 12, 2013	Mar 09, 2011 (-50bp)
	Bank of Japan (BOJ)	0.10%	Jun 11, 2013	Dec 19, 2008 (-20bp)

ECB cuts rate by 25 bps to 0.50% on 2nd May 2013

ECB cuts rate by 25 bps to 0.50% - Central Bank News

The European Central Bank (ECB) cut the rate on its benchmark refinancing facility by 25 basis points to 0.50 percent, as widely expected, along with a 50 basis point cut on the rate on its marginal lending facility to 1.0 percent. The rate on its deposit facility will remain steady at 0.0 percent, the ECB said in a brief statement.
   ECB President Mario Draghi will comment on the decision by the ECB council at a press conference later today.
    Speculation had intensified in recent days that the ECB would cut rates following news that the inflation rate for the 17 nations sharing the single currency fell to 1.2 percent in April, the lowest since February 2010, and well below the ECB's target of inflation that is below but close to 2 percent.
    Economic recession, growing unemployment and recent comments by ECB council members also fueled speculation of a rate cut. Last month Germany's Jens Weidmann, head of the Bundesbank, said the ECB would only cut rates if the economic situation worsened and then both Draghi and Klaas Knot of the Netherlands central bank said the economic situation was not improving.
    Last month at the ECB's press conference, Draghi said the bank was keeping a close eye on economic data for its impact on monetary policy and was ready to act. He also said the ECB was looking at various instruments and tools to stimulate economic activity.

    The unemployment rate in the euro zone rose to 12.1 percent in Mach from 12.0 percent, the highest level since Eurostat, the European Union's statistics office, started collecting the data in 1995.
    The euro zone's Gross Domestic Product shrank by 0.6 percent in the fourth quarter of 2012, its fifth quarterly contraction in a row, for an annual decline of 0.9 percent, up from 0.6 percent in the third quarter. Economist forecast a further contraction in the first quarter of this year.
    Global policy makers have also put pressure on the ECB to stimulate the economy with the International Monetary Fund's managing director, Christine Lagarde, last month saying the ECB still has room to manoeuvre and could cut rates.

    www.CentralBankNews.info