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Showing posts with label Central Bank News. Show all posts
Showing posts with label Central Bank News. Show all posts
Tuesday, January 12, 2010
RBA sells A$313 Mln in November
Australia's central bank sold 313 million AUD dollars net on the spot FX market in November, the lastest RBA bulletin showed. Not much when compareed to other months, AUDUSD slightly higher, above 90c.
BoE leaves Bank Rate on hold at 0.5%; QE unchanged
FXstreet.com (Barcelona) - The Bank of England has announced its decision to maintain its Bank rate at 0.5% all-time low, and its Bonds Purchase Plan unchanged at GBP 200 billion, as widely expected.
The Boe will keep its benchmark record at 0.5%, the lowest level on record for the 11th month in a row, while the budget for its quantitative easing program will remain at GBP 200 billion. As usual, the Bank has not given any further detail of the meeting, whose minutes are due to be released on January 20.
The Pound has remained little moved, with GBP/USD right above 1.5910 support, after retreating from 1.6060 high on early Asian session, while GBP/JPY edged up from 148.00 to 1.4825 resistance level, which is being tested at the moment, and the EUR/GBP remains trading between 0.8990 and 0.9025.
The Boe will keep its benchmark record at 0.5%, the lowest level on record for the 11th month in a row, while the budget for its quantitative easing program will remain at GBP 200 billion. As usual, the Bank has not given any further detail of the meeting, whose minutes are due to be released on January 20.
The Pound has remained little moved, with GBP/USD right above 1.5910 support, after retreating from 1.6060 high on early Asian session, while GBP/JPY edged up from 148.00 to 1.4825 resistance level, which is being tested at the moment, and the EUR/GBP remains trading between 0.8990 and 0.9025.
EUR/GBP (Jan 13 at 05:28 GMT)
0.8948/50 (-0.16%)
H 0.8972 L 0.8943
| S3 | S2 | S1 | R1 | R2 | R3 |
| 0.8902 | 0.8924 | 0.8946 | 0.8952 | 0.8974 | 0.8996 |
| [?]Trend Index | [?]OB/OS Index |
| Slightly Bearish | Neutral |
| Data updated on Jan 13 at 04:53 (15-minute timeframe) | |
BOJ Official: Low Japan Interest Rates May Persist Until 2011
BOJ Official: Low Japan Interest Rates May Persist Until 2011
SHANGHAI -(Dow Jones)- Japan's low interest rates may persist until next year because of a poor outlook for the world's second-largest economy, a senior official from the Bank of Japan said Monday.
"It's a possible scenario" because current forecasts for the Japanese economy are weak, Shinobu Nakagawa, associate director-general of the BOJ's International Department, told Dow Jones Newswires on the sidelines of a forum.
Nakagawa also said an appreciating yen helps sustain demand for Japanese Government Bonds, as a strengthening currency discourages Japanese households from investing in foreign assets and instead helps banks draw more yen-denominated savings deposits.
-By Michelle Ng and Shen Hong, Dow Jones Newswires; 86-21-6120-1200; michelle.ng@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=afTsE3CHnyz8k7x0DZju%2Fw%3D%3D. You can use this link on the day this article is published and the following day.
SHANGHAI -(Dow Jones)- Japan's low interest rates may persist until next year because of a poor outlook for the world's second-largest economy, a senior official from the Bank of Japan said Monday.
"It's a possible scenario" because current forecasts for the Japanese economy are weak, Shinobu Nakagawa, associate director-general of the BOJ's International Department, told Dow Jones Newswires on the sidelines of a forum.
Nakagawa also said an appreciating yen helps sustain demand for Japanese Government Bonds, as a strengthening currency discourages Japanese households from investing in foreign assets and instead helps banks draw more yen-denominated savings deposits.
-By Michelle Ng and Shen Hong, Dow Jones Newswires; 86-21-6120-1200; michelle.ng@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=afTsE3CHnyz8k7x0DZju%2Fw%3D%3D. You can use this link on the day this article is published and the following day.
Trichet Says Credible Fiscal Consolidation Key For Confidence
Trichet Says Credible Fiscal Consolidation Key For Confidence
BASEL, Switzerland -(Dow Jones)- Governments around the world need to address excessive budget deficits in order to reassure investors, as the global economic recovery continues, European Central Bank president Jean-Claude Trichet said Monday.
Speaking in his capacity as chair of the Global Economy Meeting that brings together central bankers from major industrial and emerging market economies, Trichet said, "it seems to me that, at the global level, there is a confirmation of the progressive normalization of the economy," but cautioned that challenges remain.
"We have to get risk management significantly improved by market participants," Trichet said, adding "we are working very activity in this domain."
-By Nina Koeppen; Dow Jones Newswires; +49 171 569 4340; nina.koeppen@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=afTsE3CHnyz8k7x0DZju%2Fw%3D%3D. You can use this link on the day this article is published and the following day.
BASEL, Switzerland -(Dow Jones)- Governments around the world need to address excessive budget deficits in order to reassure investors, as the global economic recovery continues, European Central Bank president Jean-Claude Trichet said Monday.
Speaking in his capacity as chair of the Global Economy Meeting that brings together central bankers from major industrial and emerging market economies, Trichet said, "it seems to me that, at the global level, there is a confirmation of the progressive normalization of the economy," but cautioned that challenges remain.
"We have to get risk management significantly improved by market participants," Trichet said, adding "we are working very activity in this domain."
-By Nina Koeppen; Dow Jones Newswires; +49 171 569 4340; nina.koeppen@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=afTsE3CHnyz8k7x0DZju%2Fw%3D%3D. You can use this link on the day this article is published and the following day.
Fed's Hoenig: Mortgage Debt Buys Should End in March - Bloomberg
Fed's Hoenig: Mortgage Debt Buys Should End in March - Bloomberg
DOW JONES NEWSWIRES
Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, said the central bank should end its purchases of mortgage debt as planned in March because the private market for the securities is "healing," Bloomberg News reported on its Web site Monday. Hoenig said last week's Labor Department report of 85,000 U.S. jobs lost in December doesn't change his outlook for a "modest" and "persistent" recovery, with growth of 3% to 3.5% this year. The central bank should consider raising its target rate for overnight interbank lending from a record low even with unemployment at 10%, he said. U.S. central bankers debated increasing and extending asset purchases should the economy weaken, said Bloomberg, citing minutes from the Fed's Dec. 15-16 meeting. The central bankers pledged to complete $1.25 trillion in purchases of mortgage securities and $175 billion of agency debt by March, while holding the benchmark interest rate in a range of zero to 0.25% for an extended period.
Full story at http://www.bloomberg.com/apps/news?pid=newsarchive&sid=afiqqaIqRxok
-Dow Jones Newswires; 212-416-2900
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=afTsE3CHnyz8k7x0DZju%2Fw%3D%3D. You can use this link on the day this article is published and the following day.
DOW JONES NEWSWIRES
Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, said the central bank should end its purchases of mortgage debt as planned in March because the private market for the securities is "healing," Bloomberg News reported on its Web site Monday. Hoenig said last week's Labor Department report of 85,000 U.S. jobs lost in December doesn't change his outlook for a "modest" and "persistent" recovery, with growth of 3% to 3.5% this year. The central bank should consider raising its target rate for overnight interbank lending from a record low even with unemployment at 10%, he said. U.S. central bankers debated increasing and extending asset purchases should the economy weaken, said Bloomberg, citing minutes from the Fed's Dec. 15-16 meeting. The central bankers pledged to complete $1.25 trillion in purchases of mortgage securities and $175 billion of agency debt by March, while holding the benchmark interest rate in a range of zero to 0.25% for an extended period.
Full story at http://www.bloomberg.com/apps/news?pid=newsarchive&sid=afiqqaIqRxok
-Dow Jones Newswires; 212-416-2900
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=afTsE3CHnyz8k7x0DZju%2Fw%3D%3D. You can use this link on the day this article is published and the following day.
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