Wednesday, 16 October 2019

Tag Archives: monetary policy

RBNZ 50 bp cut reduced chance of unconventional policy tools

WELLINGTON: The Reserve Bank of New Zealand’s (RBNZ) assistant governor Christian Hawkesby said in a speech released on Wednesday that the bank’s recent rate cut would likely avoid the use of unconventional monetary policy tools. “A more decisive action now gave inflation the best chance to lift earlier, reducing the ...

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Pakistan to get $3 billion bailout package from UAE

DUBAI/ISLAMABAD: The United Arab Emirates has announced its intention to deposit US$3 billion in the State Bank of Pakistan to support the financial and monetary policy of the Islamic Republic of Pakistan, the Emirates News Agency reported on Friday. In a statement, the Abu Dhabi Fund for Development said it ...

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Digital revolution has only small impact on inflation: ECB’s Weidmann

Reuters FRANKFURT: Rapid technological advances cut inflation only marginally and temporarily, Bundesbank President Jens Weidmann said, weighing in on one of the biggest debates in modern central banking. With much of the industrialised world struggling with anaemic inflation levels, some economists argue that rapid technological development keeps a lid on ...

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