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979 Sentences With "accommodative"

How to use accommodative in a sentence? Find typical usage patterns (collocations)/phrases/context for "accommodative" and check conjugation/comparative form for "accommodative". Mastering all the usages of "accommodative" from sentence examples published by news publications.

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This year, obviously financial conditions are certainly accommodative, policies policy accommodative.
"We are still accommodative and I think it's very appropriate for us to be accommodative," he said.
"Accommodative policy is still needed for the Thai economy but the need for extra accommodative policy has reduced," he said.
It also dropped a reference in its statement to the word "accommodative", although Fed Chairman Jerome Powell later said policy was still accommodative.
This type of message, that the Fed will be accommodative but not as accommodative as people thought, is not what the market was hoping for.
But there are signs the Fed could become more accommodative.
All members voted to keep the policy stance at "accommodative".
So I think the Fed definitely became much more accommodative.
All members voted for retaining the policy stance at "accommodative".
A turn away from that accommodative stance could spook investors.
You see, they are still-- implementing very accommodative monetary policy.
This judgment reflects our view that monetary policy remains accommodative.
INDONESIA C.BANK GOV: WILL CONTINUE TO TAKE ACCOMMODATIVE MACROPRUDENTIAL POLICIES
"Keeping your policy path more accommodative ... is appropriate," she said.
FOMC members did drop a description of its policy stance as "accommodative", but Fed Chairman Jerome Powell then downplayed the significance of the change at a news conference saying rates were still generally accommodative.
The Fed also removed the word "accommodative" from its policy statement.
The central bank also removed the word "accommodative" from its statement.
After the hike, monetary policy "remains accommodative," the central bank said.
We still have central banks around the world that are accommodative.
The current policy stance remains "accommodative" to economic activity, it added.
Monetary policy, as the central bank constantly insists, is highly accommodative.
Bank Negara Malaysia (BNM) said its overnight policy rate remains "accommodative".
Monetary Policy remains highly accommodative with Fed shifting to 'dovish' tone.
Dallas Federal Reserve Bank President Robert Kaplan said on Tuesday he believes the U.S. central bank's monetary policy is still accommodative and suggested it could raise rates at least two more times before it stops being accommodative.
IMF'S GOPINATH SAYS U.S. MONETARY POLICY IS BEING ACCOMMODATIVE AND DATA DRIVEN
Because we introduced the current extremely accommodative monetary policy in April 2013.
Fed Chairman Jerome Powell later said its monetary policy was still accommodative.
Until that is corrected, the Fed is probably going to more accommodative.
She also believes an accommodative Fed will be positive for large-caps.
It's driven by the accommodative Fed policy that drove the first leg.
With the global central banks being accommodative, gold will get its support.
With the global central banks being accommodative, gold will get its support.
If Federal Reserve policy is no longer accommodative, then what is it?
The other two — accommodative central bank policies and earnings growth — are fading.
Warjiyo said BI's policy stance would remain accommodative and liquidity kept ample.
Mr. Sri-Kumar envisions a more accommodative Fed than is widely expected.
Given how accommodative central banks have become, the odds seem against it.
"The removal of the phrase 'accommodative' was something we expected," Feroli said.
"Falling bond yields are signaling that the monetary policy for the time being is going to be slightly more accommodative and may even be more accommodative going forward," said Florian Hense, European economist at Berenberg Bank in London.
"Falling bond yields are signalling that the monetary policy for the time being is going to be slightly more accommodative and may even be more accommodative going forward," said Florian Hense, European economist at Berenberg Bank in London.
GITA GOPINATH: U.S. monetary policy is being accommodative and it's being data driven.
The bank reiterated that monetary policy will remain accommodative for a considerable time.
So it certainly feels as though this is a Fed that is accommodative.
She sees emerging markets catching a bid from more accommodative central bank policies.
Warjiyo said accommodative policy might mean more liquidity injection or further rate cuts.
" In addition, the statement noted that the "stance of monetary policy remains accommodative.
Europe has only begun to talk about hiking rates and being less accommodative.
Since the financial crisis, the central bank had described monetary policy as accommodative.
Financial conditions have been very accommodative so it is hardly seen as tightening.
Low inflation required monetary policy to stay accommodative in most economies, it said.
The Fed has been expected to move away from describing policy as accommodative.
" "I thought it somewhat interesting that there was a discussion about removing the term accommodative, so it sounds like they have agreed that fairly soon they may need to scrap accommodative because the level of rates are getting closer to neutral.
HOUSTON (Reuters) - Dallas Federal Reserve Bank President Robert Kaplan said on Tuesday he believes the U.S. central bank's monetary policy is still accommodative and suggested the Fed could raise rates at least two more times before it stops being accommodative.
The yield had fallen earlier, reflecting raised expectations of a more accommodative Federal Reserve.
The phrase "policy remains accommodative" was merely removed, with no substitute language or explanation.
The Fed inserted no substitute language for the dropped 'accommodative' wording in its statement.
Not surprisingly given the labor shortage, business executives strongly back more accommodative immigration policies.
That, in turn, could leave the Fed with a more accommodative policy stance overall.
Plus, central banks around the world are ending their "extremely accommodative" policies, he added.
We believe that China's monetary policy stance will remain accommodative in the foreseeable future.
"You're in the last innings of central bank policies being very accommodative," he said.
The tailwinds of accommodative central bank policies are fading and may even be disappearing.
Wilson said an accommodative Fed would cushion the blow, but not prevent a slowing.
" Meanwhile, policy-makers ended their long-running characterization of their policy stance as "accommodative.
"The case for a somewhat more accommodative policy has strengthened," said Powell last week.
More accommodative policies also mean that listing in the region is now a possibility.
"That would be consistent with their pivot to a more accommodative stance," he said.
As a result "monetary policy will continue to be accommodative," the central bank said.
CLI's turnaround plan also assumes accommodative commercial real estate (CRE) investment and capital markets.
" Meanwhile, policy-makers ended their long-running characterization of their policy stance as "accommodative.
"I think Speaker [Nancy] Pelosi has been very accommodative to us, frankly," he said.
Since the RBI unexpectedly changed its policy stance to "neutral" from "accommodative" on Feb.
The Fed inserted no substitute language for the dropped 'accommodative' wording in its statement.
The U.S. central bank did drop a description of its policy stance as "accommodative" in its post meeting statement, but Fed Chairman Jerome Powell then downplayed the significance of the change saying in a news conference that policy was still generally accommodative.
In the end, however, the U.S. is OK. The economy, though not as strong as we might like, is making slow progress, the Federal Reserve remains accommodative and WILL remain accommodative until such time that our economy is ready for a change.
The Federal Reserve's accommodative monetary policy decisions and guidance did nothing to lift those expectations.
The reference is to the accommodative policy the Fed has maintained since the financial crisis.
The Committee viewed that a more accommodative monetary policy stance would alleviate the negative impacts.
"Room for accommodative policy mix is still there," Warjiyo told reporters after a policy meeting.
U.S. monetary and fiscal policy are already "accommodative," he said, meaning they support further growth.
The fall in the two-year yield reflects raised expectations of a more accommodative Fed.
So, by maintaining current extremely accommodative monetary policy, the labor market continues to be tight.
GEORGE: UNDER MY FORECAST IT WOULD STILL BE ACCOMMODATIVE AND THE ECONOMY CAN STILL GROW.
"More accommodative climates, increased rainfall, and urbanization" are among the reasons cited for the resurgence.
Mortgage policies, despite some tightening in Tier 2 markets, remain largely accommodative for home buyers.
Fischer said in a speech that fiscal adjustments could support years of accommodative monetary policy.
"Many participants now see the case for somewhat more accommodative policy has strengthened," Powell said.
If anything, a cheaper yuan and a more accommodative monetary policy amounts to inflationary stimulus.
"I believe it is difficult to say next year's fiscal policy is accommodative," said Lee.
There is one reason why these opposing scenarios are developing simultaneously: an accommodative Federal Reserve.
Such an accommodative policy change would make risk assets like stocks more appealing, Goldman said.
The BoJ's eventual exit from the extraordinarily accommodative monetary environment poses a medium-term risk.
HSBC's Toprak said loose, accommodative monetary policy globally remained the primary driver of financial markets.
"Many participants now see the case for somewhat more accommodative policy has strengthened," he said.
That could permanently leave the Fed with more assets and effectively a more accommodative stance.
Officials currently feel policy should remain accommodative to encourage growth while inflation remains under control.
BANK OF ISRAEL SAYS TAKING ADDITIONAL STEPS AS NECESSARY TO MAKE MONETARY POLICY MORE ACCOMMODATIVE
"Accommodative monetary policy continues," he said, a day ahead of Bank Indonesia's monetary policy review.
INDONESIA C.BANK GOV: MONETARY POLICIES REMAIN ACCOMMODATIVE AND IN LINE WITH EFFORTS TO SUPPORT GROWTH
Funding costs for high-quality borrowers remain low and, globally, monetary policy remains remarkably accommodative.
The more hawkish Fed members have argued that an overly accommodative environment could cause bubbles.
BANK OF ISRAEL: MPC IS TAKING STEPS AS NECESSARY TO MAKE MONETARY POLICY MORE ACCOMMODATIVE
Major central banks around the world have accommodative monetary policies, which favors equities, Vail said.
An accommodative stance doesn't necessarily mean a rate cut in every single monetary policy meeting.
INDONESIA C.BANK GOV: TO MONITOR DOMESTIC, GLOBAL ECONOMY IN UTILIZING ROOM FOR ACCOMMODATIVE POLICY MIX
Monetary and credit conditions remain highly accommodative despite recent shifts in the global monetary policy narrative.
The BOJ seems to be very committed to being very accommodative and pushing this recovery forward.
"(The) ECB will continue to have a very accommodative policy at least until December," he said.
It said the rate decision was unanimous and it would continue with its accommodative monetary policy.
But the central bank maintained that its monetary policy is still prudent and neutral — not accommodative.
" "Given the lower growth and inflation expectations, it was apt to change the stance to 'accommodative'.
In other words, I'm going to -- I think Speaker Pelosi has been very accommodative on this.
The weak data are likely to keep government policy accommodative, Nomura analysts said in a note.
Also, Fischer said in a speech that fiscal adjustments could support years of accommodative monetary policy.
BUT THOSE CHANGES ARE VERY SUBTLE, AND YOU DON'T KNOW EXACTLY WHAT IS THE ACCOMMODATIVE RATE.
Markets are becoming more convinced that the Federal Reserve will be more accommodative on interest rates.
"As inflation remains low, there remains room for more accommodative monetary policy," the governor told reporters.
What remains to be seen is how accommodative it might be with U.S. demands on trade.
One of these is a result of the accommodative monetary policy since the 2008 financial crisis.
Draghi said the central bank would remain poised to extend its accommodative monetary policy if necessary.
"The 'accommodative' part signals a hawkish policy," said Bob Haberkorn, senior market strategist at RJO Futures.
BULLARD HAD FLAGGED CONCERNS OVER YIELD CURVE INVERSION BUT SAYS MONETARY POLICY NOW 'CONSIDERABLY MORE ACCOMMODATIVE'
"Policy at this point does not need to be accommodative," Mr. Powell said of that milestone.
Accommodative Fed policy, including three interest rate cuts in 2019, have helped soothe investors' jangled nerves.
Lee said the bank's accommodative policy was not aimed solely at propping up the property market.
" QUINCY KROSBY, CHIEF MARKET STRATEGIST, PRUDENTIAL FINANCIAL, NEWARK, NEW JERSEY "This does keep the Fed accommodative.
Policy is already super accommodative and any further stimulus would be both controversial and lack potency.
There must be so much more at work that we may need more accommodative monetary policy.
"Any pullback would likely be very short-lived given how accommodative Fed policy is," Hooper said.
Monetary policy remains accommodative; low oil prices and ongoing job gains should continue to support the growth of incomes and therefore consumer spending; fiscal policy is now a small positive for growth; and global economic growth should pick up over time, supported by accommodative monetary policies abroad.
Any softening of the rules would be the latest sign of regulators taking a more accommodative stance.
I think President Xi was much more accommodative than anything I've seen or heard up until then.
"Domestic demand remains upbeat on account of accommodative monetary policy and a buoyant housing market," Moody's said.
Powell discouraged market-watchers from looking too much into the removal of "accommodative," but they did anyway.
"Going forward we will need to keep monetary policy accommodative," Koh told reporters at a news conference.
Moody's said TSF flows were being sustained by formal bank credit flows supported by accommodative monetary policy.
A weaker than expected number gives the Fed more room to stay accommodative or dovish for longer.
She added that a Fed funds overnight lending rate of 1 percent would still be considered accommodative.
In an effort to revive the economy, it floated all boats with its hyper-accommodative monetary policy.
The central bank also removed from its policy statement a description of monetary policy as remaining accommodative.
"Our latest decisions aim to maintain the accommodative policy stance necessary to reach our objective," he added.
The International Monetary Fund has said the NBH's accommodative stance remains appropriate, while risks should be monitored.
Dudley said monetary policy remains "quite accommodative" after the Fed's decision to hike interest rates in December.
"If monetary policy were too accommodative, we would actually get an inflation problem over time," Dudley emphasized.
"We are so used to a market that has been underpinned by accommodative monetary policy," Krosby said.
Poor data will be another incentive for Beijing to be more accommodative with fiscal and monetary policies.
The greenback fell as weak data last week lent further support to the bank's recent accommodative stance.
A year or six months back, people were talking about policy normalization, and now to be accommodative.
Powell argued that the current rate is appropriate, but did not comment on whether it is accommodative.
Much of the depreciation has been supported by the accommodative stance set by the Swiss National Bank.
A low interest rate person, he has consistently voted with the Fed majority to maintain accommodative policy.
"People misinterpreted the removal of 'accommodative' in the statement," said Mike O'Rourke, chief market strategist at JonesTrading.
The Fed, the ECB and China's central bank are already cooperating by maintaining very accommodative credit conditions.
So, there must be so much more at work that maybe we need more accommodative monetary policy.
Those expectations have grown in recent days on reports that the central bank could turn more accommodative.
Investors appear to be growing increasingly concerned that global central banks' monetary policy has proven too accommodative.
"At this stage, it is not clear if additional accommodative steps will be taken," Yaron told reporters.
A "Goldilocks" scenario is one where growth is healthy, inflation is low and financial conditions are accommodative.
The central bank dropped the word "accommodative" from its statement in how it describes its monetary policy.
This accommodative stance should provide a measure of support for risk assets heading into the new year.
There is less room now for expansionary monetary policy although we expect the central bank to remain accommodative.
The Fed currently describes interest rates as "accommodative," a statement that requires an estimate of the neutral level.
To counteract the headwinds, Lagarde called for accelerated structural reforms, increased fiscal support and continued accommodative monetary policy.
So that would mean the current real funds rate is only about 1 percent to the "accommodative" side.
The RBI maintained its "accommodative" stance but said further rate reductions would depend on the level of inflation.
Investors expect the Fed and other central banks to hold fast to accommodative policies, despite their waning effectiveness.
All six members of the MPC voted to keep rates steady and retain the accommodative monetary policy stance.
The central bank could chose to offset that and keep policy "very accommodative" by trimming the cash rate.
She noted that most central banks are adopting very accommodative policies that are acting to weaken their currency.
"By continuing an extremely accommodative monetary policy, fiscal stimulus could be even more effective," Kuroda told a seminar.
I'm expecting Asian central bankers to continue to be accommodative and some of them to cut interest rates.
Financing conditions in debt markets, which remain accommodative, could promote further risk-taking in the UK and elsewhere.
Global bond markets have been pressured this week by the likelihood that central banks will become less accommodative.
The National Bank of Hungary (NBH) left interest rates unchanged and affirmed its accommodative stance earlier in July.
The nation's central bank continues its "accommodative" monetary policy, refilling the spiked punch bowl despite an intoxicated party.
" ECONOMY: "(The BOK) will maintain an accommodative stance in monetary policy and also pay attention to financial stability.
"We are not seeing undue inflationary pressure in the labor market, so our policy remains accommodative," Yellen said.
The Fed has been accommodative for many years, but now knows that "normalization" of interest rates is appropriate.
Global financial conditions have eased, in part supported by announcements of more accommodative policies in some major economies.
Monetary policy has remained accommodative in recent years as inflation was well below the central bank's 2.5% target.
He also attributed support for gains to extremely oversold conditions and more accommodative remarks from Federal Reserve policymakers.
Monetary policy has remained accommodative in recent years as inflation was well below the central bank's 211% target.
However, the Fed's efforts to normalize policy from its historically accommodative position has been constrained by low inflation.
Meanwhile, the Fed is pursuing a policy which is actually quite accommodative of the People's Bank of China.
BANK OF ISRAEL: IF NECESSARY, THE COMMITTEE WILL TAKE ADDITIONAL STEPS TOWARD MAKING MONETARY POLICY EVEN MORE ACCOMMODATIVE
Strong economic fundamentals and an accommodative Federal Reserve will also help offset the global health risk, they believe.
"These potential side effects make it very difficult for the BOJ to take further accommodative action," he said.
Even as it raises rates the Fed wants to remain "accommodative," with a federal funds target below neutral.
It said the economy was operating below potential and it saw room for a more accommodative monetary policy.
BANK OF ISRAEL SAYS THE MONETARY POLICY COMMITTEE IS TAKING ADDITIONAL STEPS TO MAKE MONETARY POLICY MORE ACCOMMODATIVE
ECB'S VILLEROY SAYS WE MUST MAINTAIN AN ACCOMMODATIVE MONETARY POLICY IN THE FACE OF SLOWDOWN AND WEAK INFLATION
Inflationary pressures waned in the years subsequent to the 1980 election, even as monetary policy became increasingly accommodative.
Other analysts pointed to accommodative monetary policy as a possible reason for the quick recovery in risk appetite.
The central bank also dropped "accommodative" from the description of its monetary policy stance in the Wednesday statement.
"If it's China versus everyone then China has to figure out way to be more accommodative," Temple said.
That would not be so if central banks observed that this was happening and responded with more accommodative policy.
But the Fed has been heavily criticized by President Donald Trump for tightening monetary policy from historically accommodative levels.
Eventually, the White House pushed the Fed to adopt a more accommodative policy, triggering the departure of the chairman.
He believes that the Fed's monetary has been far too accommodative under Yellen as well as under Ben Bernanke.
"The Fed is still accommodative, in my opinion, as we sit here today," Kaplan told reporters after a talk.
"Given current conditions, we support the current accommodative monetary policy stance," said Furusawa, a former top Japanese currency diplomat.
Expectations that global monetary policy will remain accommodative for longer should support selected high-yielding markets in coming months.
At the current level of the OPR, the stance of monetary policy is accommodative and supportive of economic activity.
The central bank also changed its stance from neutral to an easing bias, otherwise known as an accommodative policy.
LIESMAN: AND YOU STILL THINK AT, SO FOR EXAMPLE, A 1% FUNDS RATE, THE ECONOMY WOULD STILL BE ACCOMMODATIVE?
"Directors agreed that monetary policy should remain accommodative until inflation is sustainably converging to the ECB's objective," it said.
"Interest rates are still accommodative, but we're gradually moving to a place where they will be neutral," he added.
"The ECB will preserve its accommodative stance until inflation returns to our aim," Praet told an event in Madrid.
Noting sluggish economic growth and mild inflationary pressure, the BOK said it would maintain its accommodative monetary policy stance.
"Global monetary policy conditions are likely to remain highly accommodative," said Marcin Sulewski, an economist at Santander Bank Polska.
The OECD advises that monetary policy remain highly accommodative in advanced economies until inflation shows clearer signs of recovering.
Some Fed observers have questioned how the central bank could respond to a possible recession with policy already accommodative.
"(This) will help frame discussion of how accommodative policy is," said David Owen, an economist at investment bank Jefferies.
"If that were to happen, we would need a much more accommodative monetary policy to reverse it," Draghi said.
"We see a pretty robust demand expansion into next year as long as monetary policy remains accommodative," he said.
The threat of less accommodative monetary policy in Europe, in turn, helped spur a sell-off in American debt.
For now, with pressure on wages and prices still "moderate", monetary policy can remain accommodative in most of Asia.
Japan has taken a more accommodative stance toward Washington's argument that trade must not just be free but fair.
Monetary policy is focused on maintaining price stability over the medium term and its accommodative stance supports economic activity.
The EU executive said it wanted a more accommodative approach in applying the rules in the first few years.
Meaning, the euro zone economy could well enjoy a bumper year while ECB's policy remains very loose and accommodative.
The massive debt accumulation by U.S. households following accommodative monetary policy and easy credit led to the housing bubble.
The Fed's more hawkish members have expressed concern over market values, saying that overly accommodative policies could cause bubbles.
Moreover, even if the Fed pushed short-term rates another percentage point higher, monetary policy would remain broadly accommodative.
But adopting an "accommodative policy" to help slowing growth was normal and China would keep doing it, Xinhua said.
ECB'S BOARD CANDIDATE SCHNABEL SAYS IN WRITTEN ANSWERS TO EU PARLIAMENT AN ACCOMMODATIVE MONETARY POLICY CONTINUES TO BE NEEDED
"Council members agreed that the international monetary policy stance was expected to remain persistently accommodative," the Monetary Council said.
The gains came as European Union negotiator Michel Barnier signalled an more accommodative stance towards London in ongoing talks.
That's worked as the Fed has held to its accommodative policies and banks have paid paltry rates on savings.
In our view, the upcoming elections in some of the largest economies of the Eurozone will keep the ECB accommodative.
But Heller noted that even with the latest hike in interest rates, the Fed's monetary policy is still accommodative overall.
But some analysts believe the effects on banks of a more accommodative Fed and the flattened yield curve are overstated.
Analysts expect the euro to underperform in the near term as monetary policy is expected to remain accommodative this year.
Those expectations are however set to change following the change in the central bank's stance to accommodative earlier in June.
ECB policymakers have said accommodative monetary policy would be maintained until inflation is on a sustainable path to the target.
" SUVODEEP RAKSHIT, SENIOR ECONOMIST, KOTAK INSTITUTIONAL EQUITIES, MUMBAI"The change in stance to 'accommodative' was a bit of a surprise.
It is true that the Fed's "highly accommodative" monetary policy was appropriate in the immediate aftermath of the financial crisis.
" Raymond Jame's Brown said the U.S. central bank was leaning toward raising rates, "but policy will still be very accommodative.
"The shekel is over-valued, a result of the very accommodative policy that some central banks are adopting," Flug said.
Britain has proposed EU market access based on a more accommodative version of the bloc's trade regime known as equivalence.
The RBI maintained its "accommodative" stance adding that addressing growth concerns by boosting aggregate demand was their highest priority now.
Yields have risen this year as risen this year as the Federal Reserve continues to unwind historically accommodative monetary policy.
"Interest rates are still accommodative, but we're gradually moving to a place where they will be neutral," Powell said added.
The RBI said its policy would remain "accommodative", raising the prospect of another 25 bps rate cut later this year.
He believes the labor market will continue to strengthen, and said policy remains accommodative even after the hike in December.
The move also sparked speculation the central bank will be forced to keep policy accommodative to offset such rate increases.
S. developed markets like Europe and Japan, which have accommodative monetary policies and will benefit from a stronger U.S. dollar.
The poll's findings support RBI Governor Shaktikanta Das' recent comments about the central bank's accommodative stance and suggests further easing.
U.S. stocks closed higher Friday, extending the rally that followed the Federal Reserve's accommodative policy decision earlier in the week.
"The monetary policy stance would continue to be accommodative, economic agents' financing costs would be favourable," the Monetary Council said.
He noted that Japan's economy could easily expand at that pace as long as the BOJ's accommodative monetary policies continue.
For most of this bull market, we've had very accommodative monetary policy, and obviously there was no trade war going.
"And if that were to happen, we would need a much more accommodative monetary policy to reverse it," he said.
As for monetary policy, the Yellen Fed has begun normalizing the highly accommodative measures it took to boost the economy.
"And if that were to happen, we would need a much more accommodative monetary policy to reverse it," Draghi said.
The weakness in UK markets have been triggered by waning hopes of more accommodative policies from the U.S. Federal Reserve.
"Ultimately the ECB will need to keep rates accommodative despite the criticisms that are mounting from the Germans," Sharma concluded.
All six MPC members voted in favour of a rate cut and for retaining the accommodative stance, the statement said.
"They expected economic growth to continue at a moderate pace, supported by accommodative monetary and financial conditions," the minutes said.
All six MPC members voted in favor of a rate cut and for retaining the accommodative stance, the statement said.
All six MPC members voted in favor of a rate cut and for retaining the accommodative stance, the statement said.
BANK OF ISRAEL: INTEREST RATE PATH REVISED LOWER DUE TO DROP IN INFLATION AND INCREASING EXPECTATION OF ACCOMMODATIVE POLICY GLOBALLY
"We have to maintain an accommodative monetary policy in the face of the economic slowdown and low inflation," Villeroy added.
In addition, monetary conditions are still accommodative even though the Federal Reserve is looking to hike interest rates, he said.
Powell emphasized his view on "accommodative" by saying that economic growth remains strong and that further hikes would be appropriate.
Bonds have weakened since Friday, led by longer-dated Treasuries, on concerns that central banks globally will be less accommodative.
The growth was partly supported by the bank's accommodative policy stance and the effects of public infrastructure investments, he said.
This policy, by keeping the Committee's holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions.
But the preparedness for the Fed to be more accommodative around the balance sheet seems to be a little new.
Since a rate hike in December - the first since 2011 - the MPC has left it unchanged, saying policy is still accommodative.
But, from my perspective, the economy is performing well enough to stand on its own without support from accommodative monetary policy.
Another development from the last meeting saw the committee remove the word "accommodative" from its description of the future policy path.
I think China feels that heat, and that's why I think, among other reasons, they will be more cooperative and accommodative.
The Bank of Japan too is expected to keep its ultra accommodative policy unchanged when it meets on Wednesday and Thursday.
Accommodative monetary policy throughout much of the world has kept volatility contained across financial markets and demand for riskier assets elevated.
The expectation of continued accommodative monetary policy in both the euro zone and in U.S. kept downward pressure on core yields.
By maintaining an accommodative stance, there is scope for rate cuts once the inflation rate falls back to a comfortable level.
The National Bank of Hungary, Central Europe's most dovish central bank, said its policy will continue to be accommodative and cautious.
Decent economic growth and low inflation support the Reserve Bank of India's recent shift to neutral from an accommodative policy stance.
That question of what the Fed views as "neutral" — neither accommodative nor restrictive — has been critical for markets as of late.
"Many FOMC participants saw that the case for a somewhat more accommodative monetary policy had strengthened," Powell said in prepared remarks.
"Many [Federal Open Market Committee] participants saw that the case for a somewhat more accommodative monetary policy had strengthened," he added.
"Monetary policy, even when recalibrated, will continue to keep a very accommodative stance," Vitor Constancio said at an event in Lisbon.
Harker said one point of agreement among Federal Reserve members was that accommodative monetary policy should not be removed too quickly.
Lipton said that continuing accommodative policy — via low interest rates — and taking a data-driven approach to monetary policy was appropriate.
Developing world markets have experienced large capital inflows this year as major central banks adopt accommodative policies to offset slowing growth.
"At the current level of the OPR, the stance of monetary policy remains accommodative," the central bank said in a statement.
Expectations that the Fed will reaffirm its dovish stance and prove accommodative after its meeting this week weighed on the dollar.
"That lower inflation forecast would suggest continued accommodative monetary policy," said Eric Viloria, currency strategist at Wells Fargo in New York.
HARUHIKO KURODA: In the last five years—we implemented very accommodative expansion of monetary policy -- so that the economy greatly improved.
Accommodative monetary policy in recent years has supported growth, with annual real private sector credit growth averaging 20.5% in 2014-2015.
Coming at a time of ultra-accommodative interest rates, the stimulus will be particularly effective and boost stocks, in Fundstrat's view.
"At the current level of the OPR, the stance of monetary policy remains accommodative and supportive of economic activity," it said.
The president said Powell should mirror the more accommodative policies of foreign central banks, which have held back from tightening rates.
Happy Wednesday and welcome back to On The Money, where we'll always be "accommodative" to your desires for stimulating economic news.
The Bank of Israel reiterated that, like other global central banks, it will keep monetary policy accommodative for a considerable time.
But weakening economic momentum in the euro zone has led markets to price in an accommodative ECB through much of 2019.
The European Central Bank is widely expected to remain accommodative in 2019, which should keep a lid on the single currency.
However, a slump in benchmark debt yields on hopes of accommodative policies from major central banks continued to support risk assets.
The euro zone economy faces near term challenges so highly accommodative monetary policy for a prolonged period remains necessary, Lagarde said.
The euro zone economy faces near-term challenges, so highly accommodative monetary policy for a prolonged period remains necessary, Lagarde said.
With the Fed sort of taking the accommodative language off, it removed the pressure for the dollar to continue to climb.
It does seem to potentially indicate they believe monetary policy is becoming less accommodative and getting more towards that neutral rate.
But one factor that could affect the market is if the Fed decides to tweak its language on keeping policy accommodative.
The committee noted that its policy stance remains "accommodative" and said inflation continues to progress near the Fed's 2 percent goal.
This year, we have a much more accommodative Fed and it seems like we're getting some pieces of certainty on trade.
BANK OF ISRAEL SAYS IF CORONAVIRUS PERSISTS THE MONETARY COMMITTEE HAS A RANGE OF TOOLS TO MAKE MONETARY POLICY MORE ACCOMMODATIVE
Fitch also said it expected monetary policy to remain accommodative, despite the temporary spike in inflation and weakness in the currency.
This comes as the Federal Reserve continues its tightening following years of accommodative policy and investors anticipate a pickup in inflation.
"A very accommodative monetary policy stance will continue to contribute to the low yields on Japanese government bonds (JGBs)," Moody's said.
However, in the current context, I think the MPC will be more tolerant of fiscal slippage and continue with accommodative cycle.
Yang said the rate decision was unanimous and it would continue with its "appropriate accommodative" monetary policy to support the economy.
The market has feared tighter monetary policy from the RBI especially after a shift in its stance from accommodative to neutral.
They're going to pass from an environment where the policy is pretty accommodative to one where the policy is pretty neutral.
The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2 percent inflation.
If Europe were to slow significantly and as a result of that kept policy highly accommodative...that could generate a response.
He cited economic growth — 2100 percent in the second quarter — corporate earnings growth, sentiment indicators reaching high levels, and accommodative financing.
"To me, just looking at the raw data, it says we should be accommodative, and I think we have this other societal need that we should be accommodative, because if we can keep people from being lost permanently, boy that's a real positive for society," Kashkari said in an interview in his bank's cafeteria overlooking the Mississippi River.
He declared that "we don't need" the "really extremely accommodative low interest rates" the central bank put in place a decade ago.
Neutral is the rate where the Fed is no longer seen as being accommodative and where it could stop raising interest rates.
Continued accommodative monetary policy, and then you get to the second relay like in the four-by-100s and the baton passes.
In the near term, policy makers will likely keep policy easing in place and be more accommodative until after a trade deal.
Such promises work by signalling a commitment to keep policy accommodative, even if inflation rises outside the central bank's normal comfort zone.
Poloz, speaking to the House of Commons finance committee, reiterated that he felt an accommodative policy on interest rates was still warranted.
And I think central banks around the world including in the U.S. have become much more accommodative here in the new year.
He said near-term impacts on the economy from any potential market turbulence will likely be mitigated by a more accommodative Fed.
But the Air Force's ambitious agenda is unlikely to be ignored, and lawmakers are generally accommodative toward calls to strengthen the military.
By any measure that's pretty close to the ECB's target, and questions whether more accommodative policies should be pursued at this point.
The next question is whether the Bank of England will loosen its already monetary accommodative policy in the wake of the vote.
Pictet Wealth Management also said in a note on Monday that it expects the PBOC to remain accommodative as growth momentum weakens.
The President of the European Central Bank has highlighted his concerns over how much the region's economies rely on accommodative monetary policy.
The pound surged as fears of a 'hard Brexit' eased after Michel Barnier signalled an accommodative stance towards London in ongoing talks.
It could be argued the central bank's remarkably accommodative quantitative easing (QE) program already provides more than enough support for the bloc.
The rating call came as Singapore's central bank announced Thursday that it was maintaining an accommodative monetary policy for an extended period.
" Fischer also said Fed policy remains accommodative and that there is some benefit to maintaining a large balance sheet "for a time.
But as there are geopolitical risks and other uncertainties; we will keep (monetary policy) accommodative to continue to support the economic recovery.
"If Moon comes in, you're likely to have a more accommodative China political policy," said Tony Nash, chief economist at Complete Intelligence.
Price inflation less energy came in at 1.3 percent last month, suggesting that there is still room for an accommodative monetary stance.
"Accommodative monetary and fiscal policy settings have assisted with the adjustment by boosting interest rate sensitive areas of the economy," he added.
In emerging Europe, Hungary's forint gained 0.2%, a day after the central bank left interest rates unchanged and affirmed its accommodative stance.
Trump has repeatedly criticized the Fed's interest rate increases and has said the Fed should now cut rates and be more accommodative.
But while the policy bias remains accommodative, Lee said the bank may seek counter measures against rapidly rising household debt if needed.
Nor Shamsiah said monetary policy will remain "accommodative" and the economy is on a steady growth path this year and in 2019.
The bull run of the past eight years has been overly dependent on accommodative monetary policy, which now is being slowly tightened.
Powell is getting ahead of the curve, trying to bring Fed policy to a neutral position after years of extremely accommodative policy.
The central bank has remained ultra-accommodative in the years since the global financial crash and the euro zone sovereign debt crises.
You have low rates, you have an accommodative Fed, you have reasonable valuation, no inflation and people are positioned very risk averse.
Despite the ECB pursuing an accommodative monetary policy, inflation is not expected to hit the central bank's target for years to come.
That kind of easy money is disappearing from markets as global central banks turn the spigot on accommodative monetary policy, Schumacher said.
Most economists think policy is still accommodative and, if anything, the risk is not that the U.S. economy slows but it overheats.
This comes at a time when both Europe and Japan are experiencing core inflation rates around 1 percent despite extremely accommodative policies.
The euro and bond yields tumbled after the ECB decision, which was generally taken to be more accommodative than investors had expected.
"People are worried that the accommodative policy may face an end," said Shanghai-based copper analyst He Tianyu of metals consultants CRU.
The greenback has an advantage over regions such as Europe and Japan, where yields are extremely low given ultra-accommodative monetary policies.
The S&P remained on pace for its third straight session of gains, mainly on hopes of a more accommodative Federal Reserve.
The Fed still feels the economy needs loose - or accommodative - monetary policy, so a lower neutral rate may mean fewer rate hikes.
Expectations that global bond yields will stay lower for longer amid a central bank shift to more accommodative policy also supported equities.
But Matys also noted a mixture of accommodative monetary policy and fiscal measures should prove sufficient to boost appetite for risky assets.
"It's because the ECB's monetary policy is accommodative that we must without delay launch the transformation of our economy," Le Maire said.
But as there is geopolitical risks and other uncertainties, we will keep (monetary policy) accommodative to continue to support the economic recovery.
The U.S. Federal Reserve cut rates three times in 2019 as central banks around the world shifted toward more accommodative monetary policies.
That is, it remains a slow-growth world, monetary policy is still accommodative and equities are cheap relative to bonds, he said.
Both brought with them nasty 15-20% equity downturns, new lows in Treasury yields and forced central banks to become more accommodative.
Rupert said there were several factors that led to the decline in yields, such as the ECB's comment and its accommodative posture.
"The MPC (monetary policy committee) will continue to implement accommodative policy until the economy recovers strongly and inflation gets back to target".
Renowned activist hedge fund manager Dan Loeb told CNBC last year that his success was largely thanks to accommodative global monetary policy.
It's important to note this is not the start of an outright tightening cycle, this is the removal of very accommodative policies.
The stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2 percent inflation.
Fed policy is "appropriately quite accommodative" given the low level of inflation, which poses little threat to a U.S. economic expansion, he said.
"We continue to strongly support the ECB's accommodative monetary stance and its firm commitment to achieve its price stability objective," the IMF said.
Earlier this month, Powell said rates are a long way from so-called neutral, a level neither accommodative nor restrictive to the economy.
The ECB is expected to reiterate its plan to maintain a very accommodative monetary policy at least until the end of the year.
But new analysis from Goldman Sachs suggested that the Fed is unlikely to roll out more accommodative policy just because stocks are tanking.
All along the way they were helped along by unprecedentedly accommodative monetary policy, along with maybe just the tiniest dash of irrational exuberance.
The anticipation of continued accommodative monetary policy in both the euro zone and in the United States kept downward pressure on core yields.
Stocks have been rallying in part on optimism that the Fed would turn more accommodative to blunt the impact of escalating trade tensions.
Under pressure from President Donald Trump to keep pace with accommodative measures around the globe, the Fed's job is not getting any easier.
"Given all these developments, the Governing Council judges that an accommodative policy interest rate continues to be warranted," it said in a statement.
Early this year when investors' views began to improve and central banks became more accommodative, corporate credit spreads tightened significantly as stocks soared.
"What I would call ultra-accommodative policy gives the Fed very little ammunition with which to counter a real macroeconomic slowdown," Petrou continued.
So, by maintaining extremely accommodative monetary policy, maintaining a tight labor market-- we are reasonably sure that wages accelerate and prices also accelerate.
The Fed is also expected to continue to be accommodative, and perhaps not hike rates, as expected in December if markets are turbulent.
"Today Draghi moved his first step towards indicating that ECB monetary policy will become less accommodative in 2018," UniCredit economic Marco Valli said.
Stocks have been rallying in part on optimism that the Fed would turn more accommodative to blunt the impact of escalating trade tensions.
Five of them called for the policy stance to remain "neutral," while one MPC member voted for it to be changed to "accommodative".
The repo rate cut of 0.25% and the change of stance from 'neutral' to 'accommodative' is key to supporting the sagging economic growth.
That move comes after a three-year cycle of raising rates from the historically accommodative near-zero levels implemented during the financial crisis.
"The really extremely accommodative low interest rates that we needed when the economy was quite weak, we don't need those anymore," he said.
"The bottom line is that U.S. monetary policy is considerably more accommodative today than it was as of late last year," Bullard said.
All six of the panel voted for a 25 basis points cut, and for the stance to be changed to "accommodative" from "neutral".
With constrained fiscal space and very accommodative monetary policy, governments may have limited ammunition to respond to a major dip in market confidence.
"The monetary policy stance will continue to be accommodative, economic agents' financing costs will be favourable," the Monetary Council said in a statement.
"Accommodative monetary policy and rising employment support domestic demand, while financial market volatility likely kept a lid on the gains," Moody's Analytics said.
Five of them called for the policy stance to remain "neutral" while one MPC member voted for it to be changed to "accommodative".
Given the tepid recovery and increasingly volatile global financial system, it is easy to sympathize with calls for ever more accommodative monetary policy.
All three markets, including the U.S., still have accommodative central bankers behind them, and all three are showing modest signs of economic improvement.
Stronger retail sales come on the back of accommodative monetary policy and a buoyant labor market, which are supporting household spending, said Moody's.
The Fed's accommodative policy is set to continue, with traders pricing in only one rate hike this year, according to CME Group's FedWatch.
Global stocks rose to their highest in five months as traders began to price in an accommodative stance from the U.S. central bank.
In its outlook last week, the Fed's policy committee said it expected the labor market would continue to strengthen as policy remains accommodative.
The RBI, which unexpectedly changed its policy stance to "neutral" from "accommodative" at its last review in February, reasserted its concerns about inflation.
Nearly half say the Fed's policy is now too accommodative and an overwhelming majority say the December rate hike was the right move.
For example, less accommodative U.S. and European monetary policy will push up bond yields in these countries, which could drag up Japanese ones.
Britain, meanwhile, wants a more accommodative system of equivalence that does not rely solely on the "whim" of Brussels to grant market access.
The U.S. central bank is in the process of gradually removing the accommodative monetary policy it put in place during the financial crisis.
From 2018, the agency expects that the fiscal stance will remain accommodative with a deficit at 2.5% of GDP in 2018 and 2019.
"If so, the return to 2 percent inflation could take longer than expected and might require a more accommodative stance of monetary policy."
He said he viewed the Fed's monetary policy as neutral, but it could be more accommodative if the goal is to lift inflation.
From 2018, the agency expects that the fiscal stance will remain accommodative with a deficit at 2.5% of GDP in 0003 and 2019.
"It was a mixed message from him, but I think it was sufficiently accommodative," said John Kilduff, a partner at Again Capital Management.
"Earlier in the expansion, as the economy recovered, the need for highly accommodative monetary policy was clear," Powell said, according to prepared remarks.
"Typically you don't have monetary tightening occurring when the government is on the cusp of accommodative fiscal easing through tax reform," Loewengart said.
While generally looking favorably on the rising stock market indexes, some officials have expressed concern that keeping policy overly accommodative could inflate bubbles.
Hopes that the Fed would turn more accommodative to blunt the impact of escalating trade tensions have helped support stocks in recent days.
Given the weakness in demand, RBI will continue to keep the stance at accommodative, as inflation is likely to cool from February onwards.
That said, despite this policy action, the current level of interest rates remains low and, in Federal Reserve parlance, monetary policy remains accommodative.
BUDAPEST, Jan 8 (Reuters) - The National Bank of Hungary will maintain its accommodative monetary stance, it said in the minutes of its Dec.
He points to the unemployment rate, accommodative global central bank policies, and an expected weakening of the US dollar to bolster his thesis.
Also, stocks have rallied as the Fed has expanded its balance sheet since October, putting more pressure on policymakers to keep policy accommodative.
The Hungarian central bank lowered its own inflation gauge on Tuesday and has said it was committed to an accommodative, loose monetary policy.
In fact, there was a notation that the term "accommodative" to describe policy likely will be removed "fairly soon" from post-meeting statements.
There appears to be the continued flexibility for the Fed to maintain the accommodative monetary policy, even though unemployment is so stunningly low.
All of a sudden the markets have to price in a less accommodative or hawkish Fed, and that causes an inevitable equity pullback.
"It's a dovish statement because it dropped reference to accommodative policy," said Thierry Wizman, global interest rates and currencies strategist at Macquarie Group.
"You want to ditch [accommodative] at some point; it's really a residual from when they were on the zero lower bound," he added.
"I think the EU and the U.K. will be very innovative and the EU will be very accommodative to this situation," he said.
Fairly synchronized growth recovery, low inflation and amply accommodative monetary policy in advanced economies have created a sweet spot for the developing nations.
BUDAPEST, Feb 12 (Reuters) - The National Bank of Hungary will maintain its accommodative monetary stance, it said in the minutes of its Jan.
Would say that problem was that maybe the fed was far too dovish for far too long, keeping rates very, very low and now they're trying to make the difficult journey getting back to a so-called normal rate I thought the fed's statement was really weird when they dropped the word accommodative it seems to me you're accommodative, neutral or restrictive.
They do discuss the upside and downside from the fiscal stimulus and allowing monetary policy to remain accommodative for a shorter period of time.
"Subdued underlying inflation and a still negative output gap point to the need for policy to remain accommodative for an extended period," it said.
He has spoken favourably about Russian President Vladimir Putin, and may take a more accommodative stance towards attempts to extend Russia's sphere of influence.
Prospects of solid U.S. growth and accommodative economic policy in major markets whet investor risk appetite that had been damaged by uncertainty from Brexit.
The U.S. economy will continue to grow in the months ahead, and the Fed will change little, if anything, to its present accommodative stance.
But the central bank changed its policy stance to neutral from accommodative, leaving itself room to either raise, hold or cut rates as necessary.
" HEIDI LEARNER, CHIEF ECONOMIST, SAVILLS STUDLEY, SAVILLS PLC, NEW YORK "The press release removed the statement that the stance of monetary policy remains accommodative.
This was the first move by the bank after seven years of accommodative monetary policy in U.S. history, following the financial crash of 2008.
Although investors increasingly believe a more accommodative Fed now provides protection from a drop, some say a significant trade disappointment could send stocks plunging.
The Federal Reserve does not have a "fixed timetable" for removing the current accommodative stance, central bank Chair Janet Yellen told Congress on Wednesday.
Meanwhile President Donald Trump is trying to harangue the Fed into a more accommodative monetary policy in the run-up to next year's elections.
After that, he said the committee should examine where it is relative to the so-called neutral rate that is neither restrictive nor accommodative.
Traders began increasingly betting on an easing of monetary policy after Fed Chair Jerome Powell said the case for more accommodative policy has strengthened.
At last week's meeting, the FOMC voted to hike rates another quarter point and to remove the word "accommodative" to describe its policy stance.
Beijing is now doubling its huge spending on infrastructure investments, and there is an apparent policy intent to maintain a broadly accommodative monetary stance.
"The signs out of both central banks is that they're going to stay accommodative for longer," said Chris Gaffney, president of EverBank World Markets.
They expect the European Central Bank to maintain its accommodative monetary policy amid slow growth, tepid inflation and political uncertainties in the euro zone.
They expect the European Central Bank to maintain its accommodative monetary policy amid slow growth, tepid inflation and political uncertainties in the euro zone.
He added that Japan and Australia was also attractive due to more accommodative monetary policy and urged investors to steer clear of emerging markets.
That, added to its low unemployment rate of just 2.2 percent and an accommodative business environment, pushed Singapore to first place for employment prospects.
"Interest rates are still accommodative, but we're gradually moving to a place where they will be neutral," Powell said during an interview with PBS.
"The monetary policy stance will continue to be accommodative, economic agents' financing costs will be favourable," the Monetary Council said in a policy statement.
Hopes of more accommodative Fed policy following Fed Vice Chair Stanley Fischer's afternoon remarks also helped the major averages end well off session lows.
A recent rebound in oil and the U.S. Federal Reserve's accommodative monetary policy helped the index recover from a steep selloff earlier this year.
"There is room for accommodative monetary policy, in line with expectations of low inflation to further support economic growth," Governor Perry Warjiyo told reporters.
"Something unusual happened after the G-20 meeting this year — all of the central banks went into very, very high accommodative mode," said Schlossberg.
It marks a more accommodative tone than comments from the European Central Bank, which will actually license the new hubs in the euro zone.
ACHIEVED LOWER LEVERAGE TARGETS Fitch projects ESS's leverage will sustain around 6x assuming a decelerating but still accommodative operating environment and consistent development expenditures.
Fitch expects that policy will remain accommodative over the rating horizon, as inflationary pressures remain low and the economy continues to perform below potential.
But the outlook for debt has soured after the Reserve Bank of India unexpectedly changed its policy stance to "neutral" from "accommodative" on Feb.
JAKARTA, Nov 11 (Reuters) - Indonesia's central bank believes current economic data still allows for an accommodative monetary policy, a deputy governor said on Monday.
The IMF also found that financial conditions throughout the world remain accommodative — even though there has been some variability over the past several quarters.
The world economy is facing less accommodative monetary policies, strengthening capacity pressures in labor and product markets and difficulties in reducing excessive trade imbalances.
Today, governments, aid agencies, and NGOs are finally trying to match their rhetoric with accommodative policies and creative financing to attract private sector engagement.
Yet this shouldn't be a major worry, some market experts argue, thanks in large part to currently benign market conditions and accommodative interest rates.
Of course that's always a possibility, but that's not their style, and they've been pretty accommodative ... so I don't think traders are overly concerned.
Separately, the central bank said monetary policy needed to stay accommodative to support the economy, but adjustments should be reviewed if growth remained strong.
Armstrong questioned fundamentals in the sector and said he was more positive on European stocks due to continued accommodative monetary policy on the continent.
At the same time, domestic demand, also backed by our accommodative monetary policy stance, continues to underpin the economic expansion in the euro area.
"The ECB's accommodative policy stance has been a key driver of domestic demand during the recovery, and that stance remains in place," Lagarde said.
" HEIDI LEARNER, CHIEF ECONOMIST, SAVILLS STUDLEY, SAVILLS PLC, NEW YORK "The press release removed the statement that the stance of monetary policy remains accommodative.
The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2 percent inflation.
"I think the debate is out there which is why removing 'accommodative' wouldn't be that crazy," said Tom Simons, money market economist at Jefferies.
In a reference to intervening in the foreign exchange market, it added that it was taking additional steps to make monetary policy "more accommodative".
"If necessary, the committee will take additional steps to make monetary policy even more accommodative" the central bank said in its statement on Monday.
BANGKOK (Reuters) - Thailand's central bank said monetary policy should remain accommodative for some time to support economic growth and help inflation return to target.
Some economists believe the Indian central bank's monetary policy committee (MPC) may even change its stance from 'accommodative' to 'neutral' at its February meeting.
The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2 percent inflation.
The bank maintained its accommodative policy stance and reiterated its view that dampening European economic activity would keep a lid on domestic price pressures.
"It's still accommodative but it's acknowledgement it has reached its limits," said Michael Arone, chief investment strategist at State Street Global Advisors in Boston.
As long as inflation falls short of the ECB's target, it must keep monetary policy "active and accommodative" as long as necessary, Villeroy said.
The central bank had changed its monetary policy to "neutral" from "accommodative" in February, leaving it open to raise, or lower, rates in months ahead.
The euro area recovery is robust and broad-based across countries and sectors, Villeroy added, saying the ECB's accommodative monetary policy has helped spur growth.
All six of the MPC members voted for a 25 basis points cut, and for the policy stance to be changed to "accommodative" from "neutral".
Clarida described the current state of policy as accommodative, even though the Federal Open Market Committee removed the word following its most recent policy meeting.
Though the statement repeated that monetary policy remains "accommodative," Fed officials in December indicated that three more rate hikes are on the way in 2017.
The pound surged as fears a 'hard Brexit' eased after the European Union's chief exit negotiator signalled an accommodative stance towards London in ongoing talks.
The central bank's policy tweaks did not appear to show any inclination from the central bank to make a radical shift from its accommodative stance.
Rosenberg thinks the Fed Open Market Committee's deletion of language in its last statement about its monetary policy being accommodative was a big turning point.
"Robust external demand and accommodative domestic monetary policy should help keep Asian manufacturing sectors in good shape," said Krystal Tan, Asia economist at Capital Economics.
It recommended nations with fiscal breathing room boost investments in infrastructure and cut labor taxes, and it encouraged central banks to keep monetary policy accommodative.
After all, the Fed has plenty of cover to finally reduce its accommodative policy... Bottom line: the Fed has plenty of cover to raise rates.
"If you went one move now and another later you would be slightly accommodative and that would shore up" the outlook for inflation and growth.
Moreover, the low interest rate climate that has pervaded the world as central banks look to keep financial conditions accommodative has helped mitigate downside risks.
Together, Indian and Indonesian bonds attracted more than half of the region's inflows, helped by accommodative monetary policies by their central banks during the year.
And also, there are other ways to make monetary conditions more accommodative, especially through larger asset sales, asset purchase programs, and so on, so forth.
U.S. Federal Reserve Chair Janet Yellen told Congress on Wednesday the central bank did not have a "fixed timetable" for removing the current accommodative stance.
Perhaps global growth fears are best illustrated by the unconventional, massively accommodative economic policies for the first time being employed in concert about the globe.
" "The stance change from 'neutral' to 'accommodative' by the RBI indicates the cognizance about the current fragile business environment and we expect further rate cuts.
The acting Managing Director of the IMF, David Lipton has backed an accommodative monetary policy arguing that "if the economy needs support, you provide support".
"The euro area inflation rate is sustainable when the ECB's price stability objective can be met even without an exceptionally accommodative monetary policy," Liikanen said.
"Financial conditions are accommodative and from an overnight rate perspective, they are exactly the same as they were in April," she told a news conference.
It added that while the lenders had denied they were gouging money from customers, the rate rise was a "further illustration of accommodative pricing behaviour".
"The BOT will likely maintain its relatively accommodative monetary policy stance to support economic growth" amid global and domestic uncertainties, said HSBC economist Jingyang Chen.
And we're getting closer to that moment in time with yet an enormous amount of accommodative monetary policy," Griffin said Wednesday on CNBC's "Power Lunch.
While market volatility was low by historic standards, helped by accommodative monetary policies, it was out of sync with increased overall uncertainty, the fund said.
An accommodative Federal Reserve along with a recovery in oil prices have helped U.S. stocks rally from sharp losses at the start of the year.
Analysts expect the euro to underperform peers in the near term as monetary policy is expected to remain accommodative in the euro area this year.
During her term, Yellen has been responsible for gingerly moving the Fed off the ultra-accommodative monetary policy it has followed since the financial crisis.
In foreign exchange, the dollar rose against the euro and Antipodean currencies on expectations monetary policies in Europe, Australia and New Zealand will remain accommodative.
"It is becoming increasingly difficult for the Bank of England to justify its ultra-accommodative policy stance," said Kallum Pickering, a senior economist at Berenberg.
So in the next-- five years-- we will continue our accommodative monetary policy, expansionary monetary policy to reach the 73% price target or inflation target.
A moderation in U.S. economic growth will go a long way toward convincing Fed officials that monetary policy is in fact no longer accommodative. 2.
"The stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2 percent inflation," the Fed said.
Some members said the bull market was justified by a continued low "neutral" rate of interest that is neither overly restrictive nor accommodative to growth.
The European Central Bank and Bank of England are major central banks that are looking to scale back their accommodative policies in the near term.
" He also said economic conditions have been "good but not great," which have led to "very accommodative monetary policy, low interest rates and low inflation.
Uganda's economy, according to the central Bank of Uganda (BoU), expanded 6.1% in the year through June as an accommodative monetary policy boosted household consumption.
The Goldman Sachs Financial Conditions Index shows conditions easing as the line gets lower, and here shows a sharp tightening — albeit from very accommodative levels.
Christian de Guzman, a vice president of sovereign ratings, also said Japan's growth outlook remains stable partly because it is supported by accommodative monetary policy.
A record of Wednesday's meeting showed the committee agreed that an accommodative monetary policy remains necessary to continue to meet their inflation and employment objectives.
The Fed raised rates in September for the third time this year and removed a reference to monetary policy remaining "accommodative" from its policy statement.
Global equity markets have risen to record highs in recent months, driven by highly accommodative monetary policies and despite sluggish growth and ongoing geopolitical concerns.
Thailand's government has responded swiftly to the growth slowdown through accommodative monetary policies and a fiscal stimulus package to boost economic growth, the bank said.
Robust economic data, accommodative financial conditions and the impact of the recent tax overhaul all contributed to the U.S. central bank improving its economic outlook.
In an interview here Ramsden said he sees less of a case for a more accommodative monetary position, in case of a temporary Brexit extension.
A turnaround in earnings estimates would be the last puzzle piece in a market already supported by a Federal Reserve accommodative with policy, adds Paulsen.
"The Fed leaving rates at an accommodative stance, along with the liquidity offered by the repo rate" has also provided support to bullion, he added.
The euro area recovery is robust and broad-based across countries and sectors, he added, saying the ECB's accommodative monetary policy has helped spur growth.
BUDAPEST, Dec 4 (Reuters) - The National Bank of Hungary will maintain its accommodative monetary stance, it said on Wednesday in the minutes of its Nov.
"The bank has multiple (times) stressed that it will maintain its accommodative monetary policy and that there is still room for further easing," Lee said.
Globally on Thursday, investors also rushed to quit long dollar positions after the U.S. Federal Reserve indicated it would keep interest rates accommodative next year.
It is sticking to its accommodative stance, especially as economic growth is expected to slow in Hungary next year from close to 1.6683% this year.
In a statement that marked the end of the era of "accommodative" policy, Fed policymakers lifted rates by 22008 basis points (bps) to 21.35-22001 percent.
"The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a return to 20.9 percent inflation," the statement said.
Earlier this month, Fed Chair Jerome Powell said rates are a long way from so-called neutral, a level neither accommodative nor restrictive to the economy.
And the risks posed by NPLs to the whole EU banking system may increase, "should monetary conditions become less accommodative," a document accompanying the report said.
Monetary policy is "in the land of accommodative," Fischer said, adding: "If (inflation) is significantly above (target) you begin to worry and you begin to act."
" He said that markets would be preoccupied with positive growth and inflation forecasts, and with "accommodative" central banks in Europe, "that's probably supportive for asset prices.
Its current shape suggests investors predict monetary policy will remain accommodative for longer with central banks continuing to buy bonds and no major return of inflation.
However you interpret the global back-pedaling from further negative rates it argues for the Fed to pursue looser, more accommodative policy than it otherwise might.
" CHARLIE RIPLEY, SENIOR MARKET STRATEGIST, ALLIANZ INVESTMENT MANAGEMENT, MINNEAPOLIS     "I don't think a lot of people were looking for a complete removal of the accommodative language.
The RBI is also expected to say that it is retaining its "accommodative" stance, raising the prospect of another 25 bps rate cut later this year.
The pound surged as fears of a 'hard Brexit' eased after the European Union's chief exit negotiator signalled an accommodative stance towards London in ongoing talks.
Fixed income assets have been on a tear in recent months on expectations that major central banks will keep monetary conditions accommodative to goose their economies.
Signaling its clear intent to gradually move toward less accommodative policies, the Fed withdrew $215 billion of money market liquidity in the three months to January.
Accommodative monetary policies favor gold as well as equities because low interest rates encourage investors to opt for assets that do not rely on interest yields.
This year, the appetite for U.S. corporate bonds picked up dramatically when investors' views on the economy began to improve and central banks became more accommodative.
Currency markets have in recent months been driven by global central banks' shift to more accommodative policy settings as economic demand slows and trade disputes intensify.
Part of that performance in our opinion has been based on this expectation that the Fed may cut rates and keep monetary policy very, very accommodative.
Therefore, any further rate cut looks a little unlikely in the next two quarters though the RBI has decided to 'persevere' with the ongoing accommodative policy.
"It's complicated by the ratcheting up in trade tensions, but right now it seems that the current stance of monetary policy is insufficiently accommodative," he said.
He said the east African economy was being supported by the central bank's accommodative monetary policy, better management of public investments and an improving global economy.
These options excluded "either a sudden stop of its contribution to our accommodative policy in March, or the continuation of the same contribution forever," he said.
"We expect a continuation of recent policy guidance, where stance is accommodative while rates are left unchanged," said Radhika Rao, an economist at Singapore's DBS Bank.
The view that central banks will find it very difficult to exit such widespread use of super-accommodative monetary policy favors gold, Deutsche Bank's Hsueh said.
Harker said monetary policy would still be "incredibly accommodative" even after another three rate rises, which would put the federal funds rate just above 1 percent.
Through much of last year Fed officials felt the years of "accommodative" policy had finally given some traction to inflation and raised it close to target.
Federal Reserve Chairman Jerome Powell clarified that the removal of "accommodative" in the statement is a sign that monetary policy is proceeding in line with expectations.
Before running into some trouble at the end of this week, the market appeared to be rallying at least in part on a more accommodative Fed.
Investors took the jobs miss as a sign that the Fed would turn more accommodative to blunt the impact of escalating trade tensions on the economy.
The pound surged as fears that Britain could go through a hard Brexit eased after Michel Barnier signalled an accommodative stance towards London in ongoing talks.
For central and eastern European (CEE), growth will be supported by a pick-up in EU disbursements, accommodative monetary conditions, and rising employment and real wages.
Both have the tailwinds of more accommodative monetary policy behind them, and both have a good shot of exceeding low growth estimates in the coming year.
BNP Paribas' head of property research Lee Wee Liat noted that despite the recent tightening measures, property policies are still "very accommodative" in lower tier cities.
"Against the backdrop of sluggish economic activities, we think the PBOC will likely persist with an accommodative monetary policy in order to support growth," she said.
But these excluded "either a sudden stop of its contribution to our accommodative policy in March, or the continuation of the same contribution forever," he said.
Failure to implement the proposed reforms could hurt markets, particularly in the near-term, after having been buoyed by the prospect of more accommodative business policies.
Kuroda was quoted as telling a meeting with cabinet ministers that the BOJ will keep monetary conditions very accommodative in order to support the Japanese economy.
With bond yields low in developed economies as central banks maintain accommodative monetary policies, investors have sought equities for yield, particularly stocks with high dividend payouts.
"Patel wanted India to be a forceful, strong, sensitive, vigilant and accommodative nation, and we're working toward that," Prime Minister Narendra Modi said at Wednesday's ceremony.
Benchmark U.S. Treasury yields rose to five-week highs in sympathy with higher European government debt yields, as investors evaluated the likelihood of less accommodative policy.
A reporter noted that Powell had previously stated that the current 2.25-2.5-percent target for the federal funds rate is still accommodative, stimulating the economy.
The Federal Reserve has increased borrowing costs three times this year and in September removed a reference to monetary policy remaining "accommodative" from its policy statement.
Given otherwise accommodative financial conditions and a solid domestic outlook, it appeared likely that uncertainty related to the referendum played an important role in this deceleration.
The possibility the BOJ may tweak its policy has dominated investors' attention following reports last week it was looking to make its accommodative policy more sustainable.
So anyway-- what is necessary for the Bank of Japan is to continue our-- our accommodative monetary policy, until the real economy inflation rate reaches 295%.
The more accommodative policy has fueled expectations of more aggressive stimulus in coming months, with authorities seen less keen to keep a tight hand on debt.
Carney also noted on Wednesday that strong world growth would push up global equilibrium interest rates and potentially make British monetary policy more accommodative in comparison.
Accommodative policy did not generate high inflation or excessive credit growth; rather, it helped restore full employment and return inflation closer to the 20173 percent goal.
While the Fed is unwinding its accommodative monetary policy, other central banks are still propping up their economies with ultralow interest rates and quantitative easing programs.
"We've seen a pause in the U.S.-China trade war, accommodative views from central banks and a continued march upward in global equity markets," Solomon said.
Equity markets have feasted on a global economic growth recovery and accommodative monetary policy in 22.50, which has, in turn, lifted company earnings and commodity prices.
In a statement that marked the end of the era of "accommodative" policy, Fed policymakers lifted rates by 25 basis points (bps) to 2.00-2.25 percent.
"I think many of my colleagues on the FOMC have come to the view that a somewhat more accommodative monetary policy may be appropriate," Powell said.
"At the current level of the OPR, the stance of monetary policy remains accommodative and supportive of economic activity," the central bank said in a statement.
"This in turn argued for a somewhat more accommodative monetary policy stance," he said, referring to the Fed's July rate cut, the first since December 2008.
" CHARLIE RIPLEY, SENIOR MARKET STRATEGIST, ALLIANZ INVESTMENT MANAGEMENT, MINNEAPOLIS     "I don't think a lot of people were looking for a complete removal of the accommodative language.
But stocks recouped most of their losses since then on hopes that major central banks would be more accommodative to counter the impact of the dispute.
In his 2020 energy outlook Blanch said that a "more accommodative Fed, rising US inflation, improving global growth conditions...and low oil inventories" should support prices.
" The Fed also said in those minutes that it could ultimately alter the language in its statement that says "the stance of monetary policy remains accommodative.
Benchmark U.S. Treasury yields rose to five-week peaks in sympathy with higher European government debt yields, as investors evaluated the likelihood of less accommodative policy.
While lower rates support growth, the consequence of ultra-accommodative policy is that it can breed higher risk taking, as investors search for yield, said experts.
Others have argued that bond buying, if nothing else, acts as a signaling device for the market that the Fed is going to keep policy accommodative.
"Looking ahead, the MPC views accommodative monetary policy should be maintained for some time so that overall financial conditions remain conducive to economic growth," it said.
Many investors are buying emerging market bonds with higher yields or fixed income from markets, such as Europe, where monetary policy is still accommodative, he said.
The continuing hyper-accommodative monetary policy in the more normal current economic environment misallocates credit, punishes savers and favors financial engineering over productivity-enhancing real investment.
In his press briefing, Fed Chairman Jerome Powell clarified that the word "accommodative" was removed as a sign monetary policy is proceeding in line with expectations.
Monetary policy will still be data-dependent and will likely remain accommodative to support economic growth and help inflation return to target, Mathee Supapongse told reporters.
Interest rates have been cut beyond what is necessary and if inflation picks up, as projected, rates should rise towards less accommodative levels, the report noted.
"What has transpired has been global synchronized economic growth and a very accommodative global monetary structure," Loeb said, explaining the strength of the market in August.
Luckily for emerging markets, global monetary policy conditions remain amply accommodative (low interest rates) by historical standards, and normalization in coming quarters should be very gradual.
But Fed officials signaled a willingness to allow inflation to remain slightly above their 2 percent target for several years — which would be accommodative for growth.
Villeroy, who is also head of France's central bank, said that the ECB's monetary policy was already accommodative, providing abundant liquidity to banks financing the economy.
It was the Fed's accommodative stance that generated what's known in the market as the "Tepper Rally," for which the hedge fund billionaire is most famous.
The central bank raised rates in September for the third time this year and removed a reference to monetary policy remaining "accommodative" from its policy statement.
They noted that the stance of monetary policy remained accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2 percent inflation.
In an attempt to spur inflation, the BOJ has maintained extremely accommodative monetary policy for almost six years but has achieved little success in pushing prices higher.
Domestic demand will benefit from the improved labour market (the unemployment rate fell to 5.0% in 3Q16 from 6.8% in 3Q15) and accommodative monetary and fiscal policies.
Recent comments from Fed members have suggested that a March rate hike is a possibility, meaning a further move away from the accommodative policy of recent years.
"We have to make sure as monetary policymakers, that our monetary policy is not longer accommodative than is really necessary to ensure our objectives," Weidmann told CNBC.
" MARK MCCORMICK, HEAD OF NORTH AMERICAN FX STRATEGY, TD SECURITIES, TORONTO: "The Fed removed the word "accommodative" from its statement and to me that's a dovish signal.
The Federal Reserve increased interest rates in September for the third time this year and removed a reference to monetary policy remaining "accommodative" from its policy statement.
Earlier in the session New Zealand's central bank held its benchmark interest rate at a record low of 1.75 percent and said monetary policy would remain accommodative.
Currency markets have in recent months been driven by global central banks' shift to much more accommodative policy settings as economic demand slows and trade disputes intensify.
" Central banks around the world have also become "much more accommodative," the Goldman Sachs exec said, adding that such a development "bodes well for continuing the expansion.
The pound stood tall as fears of a 'hard Brexit' eased after the European Union's chief exit negotiator signalled an accommodative stance towards London in ongoing talks.
Operating fundamentals over the past few years have been largely accommodative but have been slowing from high single-digit growth rates to 3.2% for 4Q15 over 4Q14.
"If stocks and bonds are going to rally together, that generally means the Fed is probably still behind the markets in terms of accommodative policy," explains Gordon.
But the central bank's regular survey of banks suggests that its accommodative monetary-policy stance continued to translate into looser credit conditions over the past six months.
I mean, I guess the short answer is, if you had more accommodative policy, you would guess that that would stimulate the economy a little bit more.
Nonetheless, Trump's fiscal expansion, along with a less accommodative monetary policy, should strengthen the dollar and weaken the euro - a "positive scenario" for the European Central Bank.
But on Monday, stocks rebounded after Fed Governor Lael Brainard gave a more dovish speech, saying "today's new normal" calls for a gradual removal of accommodative policy.
"Overall, we expect Asian manufacturing conditions to remain healthy, supported by robust external demand and accommodative domestic monetary policy," said Krystal Tan, Asia economist at Capital Economics.
However, expectations of a more accommodative Federal Reserve helped the S&P 26 and the Dow Jones Industrial Average index post their best June performance in generations.
In February, the central bank unexpectedly held the key rate, instead of cutting, and changed its policy stance to "neutral" from "accommodative", reasserting its concerns about inflation.
That need for stimulus means many central banks will not want to see their currencies appreciate against the dollar, giving them reason to sound even more accommodative.
That need for stimulus means many central banks will not want to see their currencies appreciate against the dollar, giving them reason to sound ever more accommodative.
The bank's overnight interest rate stays at 1.75 percent, still well below the "neutral" rate of 2.5-3.5 percent where monetary policy is neither stimulative or accommodative.
"Accommodative monetary policy combined with a number of government spending initiatives supported domestic demand through the quarter, while exports improved after a disappointing third quarter," it said.
Both EM bonds and equities saw robust inflows on a combination of accommodative central banks and bargain hunting, the IIF said in a new report on Tuesday.
"Specifically, the reference there was that some members had become more uncomfortable with the narrative in the Fed policy statements that policy is still accommodative," Issa said.
However, expectations of a more accommodative Federal Reserve helped the S&P 500 and the blue-chip Dow Industrials index post their best June performance in generations.
Hopes that the Fed, which meets next week, would turn more accommodative to blunt the impact of escalating trade tensions have helped support stocks in recent days.
"Banking on cyclical factors and the impact of accommodative monetary policy will not be enough to improve the climate for investment in the long term," it said.
"There can't be another screwup like last time, when they dropped 'accommodative' but simultaneously characterized the Fed funds rate as 'a long way' from neutral," Gundlach said.
The former managing director of the IMF has struck a balanced tone, saying an accommodative monetary policy was needed but also had side effects that needed monitoring.
There's not a lot of imbalances in the U.S. economy in terms of leverage build-up; monetary policy is quite accommodative; fiscal policy this year is stimulative.
Not helping the yen was the Bank of Japan's downgrade of its inflation forecasts last week when it also maintained its accommodative monetary policy, as widely expected.
The Fed also indicated that the bank would move away from low "accommodative" interest rates, which Powell said reflects that success of the central bank's monetary policy.
Even now, nine years into the expansion, monetary policy remains quite accommodative, and the Fed's actions do not usually begin to bite until it reaches restrictive territory.
The best thing the bank can do is keep an accommodative tone, which will help weaken the currency, said Frances Donald, senior economist at Manulife Asset Management.
"In particular, relative to earlier estimates, they see current policy as less accommodative, the labor market as less tight, and inflationary pressures as more limited," he continued.
At its May 16 policy meeting, BI Governor Perry Warjiyo said BI would consider "room for accommodative monetary policy" if no external factor got in the way.
Those projections, he said, were based on the assumption that uncertainty would abate, there would be a resurgence in demand and ECB's monetary policy would remain "accommodative".
Policy environments have remained accommodative or expansionary, but the era of growth fueled by stimulus with no side effects such as high inflation may be no more.
Analysts expect the European Central Bank to keep monetary policy accommodative for the rest of the year, which is likely to keep a lid on the euro.
Analysts expect the European Central Bank to keep monetary policy accommodative for the rest of the year, which will most likely keep a lid on the euro.
That has been used as a lodestar for assessing whether policy is tight or loose, and as an endpoint for the accommodative policies of the past decade.
In the language of the Fed, they say monetary policy remains accommodative, which makes sense, and that inflation is likely to reach targets in the medium term.
And, of course, the Federal Reserve may keep tightening monetary policy, or maybe just signal that it's not going to be as accommodative as Wall Street anticipates.
"An abrupt reversal of this accommodative environment, interacting with leveraged corporate balance sheets, could create a significant downdraft to activity, investment, and job creation," the IMF said.
The RBI said it was maintaining its "accommodative" stance, and would maintain its position "as long as necessary" to revive growth, while ensuring inflation remained within target.
BUDAPEST, Jan 28 (Reuters) - Hungary's central bank maintained its accommodative stance on Tuesday, saying any future policy steps would depend on a lasting change in inflation outlook.
JAKARTA (Reuters) - Indonesia's central bank is set to continue its accommodative monetary policy this year to support economic growth, Bank Indonesia Governor Perry Warjiyo said on Wednesday.
At its last policy meeting in December, BI Governor Perry Warjiyo said the central bank would maintain an accommodative policy in 2020 while supporting consumption and exports.
CFIUS' stance has toughened as Trump seeks to pressure China to help tackle North Korea's nuclear ambitions and be more accommodative on trade and foreign exchange issues.
She said she worries that the Fed may be "misjudging the manageability of emerging financial imbalances" that have built up during a long period of accommodative policy.
"We started the year on edge, but Powell has shown that the Fed will be accommodative," said Brian Yacktman, president and chief investment officer with YCG Investments.
The MPC committee said in a statement the current policy rate remains accommodative for growth and supports prices moving toward the central bank's target - currently 20153-4%.
"The Committee also noted the prospective tightening of fiscal policy which would provide scope for accommodative monetary policy in the near term," it said in a statement.
Now, monetary policy is beginning to tighten in major countries, after years of accommodative policy after the 2008 financial crisis in an effort to stimulate the economy.
Though other presidents have tried to coerce the Fed into accommodative monetary policy in the past, prior criticism by presidents has been less personal and less frequent.
The central bank reiterated it will maintain its "accommodative" stance as long as it is necessary to revive growth while ensuring that inflation remains within the target.
" MARK MCCORMICK, HEAD OF NORTH AMERICAN FX STRATEGY, TD SECURITIES, TORONTO: "The Fed removed the word "accommodative" from its statement and to me that's a dovish signal.
The euro meanwhile remained stuck in the red in the wake of the European Central Bank on Thursday reiterating its plan to slowly end its accommodative monetary policy.
Fortunately, there is plenty of scope to stay accommodative as inflation remains well contained, having run below the RBA's 2-3 percent target band for 10 straight quarters.
"Spatial disparities in living standards are large," it said in the report, pointing to a need for more accommodative business taxation to promote investment and counter tax evasion.
WASHINGTON, Feb 17 (Reuters) - The U.S. Federal Reserve should keep interest rates accommodative to spur employment and drive inflation, Minneapolis Fed Bank President Neel Kashkari said on Wednesday.
Earlier, New Zealand's central bank held its benchmark interest rates at a record low of 1.75 percent and said monetary policy would remain accommodative "for a considerable period".
Federal Reserve Chairman Jerome Powell said the central bank has a ways to go yet before it gets interest rates to where they are neither restrictive nor accommodative.
Indeed, an IMF official told Reuters in early May that China's policy might be too accommodative at present and it might need to start tightening policy. SHORT-LIVED?
The governor, when asked about further cuts, said BI would continue with an "accommodative policy mix", including by exploring rules on lending or liquidity to spur bank credit.
Treasury futures firmed 4 ticks, partly as a safe haven but also on speculation a trade war would cloud global growth and thus keep major central banks accommodative.
NEW YORK, Feb 23 (Reuters) - Investors are starting to doubt whether they can count on the protective embrace of an accommodative U.S. central bank when markets go haywire.
Financial markets are likely to remain supportive "as the world's major central banks keep accommodative policy stances," said Toshio Fujimura, head of investment planning department at Sumitomo Life.
That comment was a departure from what analysts assumed when the Fed removed the word "accommodative" from its policy statement last week, so faster rate increases are expected.
That has pushed businesses to be less hopeful of a significant acceleration in economic activity anytime soon, which will in turn underscore policymakers' pledges for more accommodative policy.
"We think the more accommodative central bank backdrop should help insulate the downside in risk markets," said Mazen Issa, senior FX strategist at TD Securities in New York.
Key drivers include overall accommodative monetary policy and low yields in advanced economies, undemanding valuations in emerging market currencies, and some improvement of fundamentals in the developing world.
"It's imperative (the Fed releases) a dovish statement and an accommodative Q&A session," said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.
" "The 25-bp cut with 'accommodative' stance with 6-0 vote shows that with inflation below the RBI's target of 4%, growth concerns have come to the forefront.
The San Francisco Bay Area has overtaken New York City as the most accommodative place in the world to be a female entrepreneur, according to a new study.
India's central bank on Thursday changed its policy stance to "accommodative," from "neutral" after latest data showed that the economy grew at its slowest in over four years.
STABLE OUTLOOK The Stable Outlook reflects Fitch's expectations that the operating environment will remain accommodative but decelerating and that the issuer will maintain leverage around 173x through 2018.
The trade deficit is expected to widen further, thanks to an accommodative fiscal policy stance at a time when the economy is operating very close to full capacity.
Hopes that the Fed would be more accommodative to counter the impact of the bruising trade war had helped Wall Street's main indexes hit record highs last month.
AND IS YOUR INTENTION TO GET TO A NEUTRAL RATE BY THE END OF THE YEAR OR IS IT TO REMAIN ACCOMMODATIVE BY THE END OF THE YEAR?
Analysts expect the European Central Bank to keep monetary policy accommodative for the rest of the year, which will most likely keep a lid on the single currency.
"Persistently low price expectations increase the risks of monetary policy remaining highly accommodative for longer than currently expected," said Jesse Hurwitz, an economist at Barclays in New York.
"I don't think (the Fed statement) does anything to change the expectations that other central banks are going to keep on the path of accommodative policy," Bishop said.
"We expect the global economy to keep moderate growth, supported by accommodative policies by policymakers particularly in developed countries, and the stock markets to rise gradually," Kurachi said.
U.S. stocks were much higher earlier as investors anticipated a more accommodative policy stance from the federal Reserve at the end of its two-day meeting this week.
"Global equity markets continue to have their ups and down based on the perceived degree of accommodative central bank policy," said Stephen Innes, managing partner at Vanguard Markets.
However, concerns over the economy led the Federal Reserve to shift to a more accommodative monetary policy stance to start off 2019, which should be stimulative for stocks.
"The economic expansion continues to be supported by steady job gains, rising household wealth, favorable consumer sentiment, strong economic growth abroad, and accommodative financial conditions," the report said.
Read More Wall St jobs surge at highest rate in 10 years Since then, despite policy that Fed officials insist is accommodative, financial markets have been in revolt.
The island's central bank is expected to leave its key policy rate unchanged near record lows for the eleventh consecutive quarter on Thursday to keep monetary conditions accommodative.
This risk is heightened in the current accommodative credit environment along with the recent trend for lodging companies to follow Marriott's lead and exit the volatile timeshare segment.
Coeure added that though future monetary policy would depend on economic indicators, policy was on a long-term path and would remain highly accommodative for a long time.
The World Bank forecasts that global growth will stay below 3 percent through at least 2019, after slowing to 2.4 percent last year despite extraordinarily accommodative monetary policy.
In a statement that marked the end of the era of "accommodative" monetary policy, Fed policymakers lifted the rates by 22008 basis points (bps) to 21.35-22001 percent.
Between synchronized global economies picking up steam and pushing commodity prices higher, and central banks still accommodative around the world, she expects an uptick in inflation this year.
A strengthening dollar and rising interest rates will form mild headwinds to the growth outlook but monetary policy will remain accommodative, notwithstanding our expected path of Fed tightening.
That is the amount of assets the Fed has liquidated over that period, providing a clear and unambiguous signal of its shift toward a less accommodative policy stance.
The central bank wants to gradually raise its benchmark interest rate over the next few years until it reaches a point that is neither overly accommodative nor tight.
There may be more pressure by Congressional oversight to promote excessively accommodative monetary policy in the near term to meet the president's call for a greater growth rate.
Low interest rates and low inflation, progress in trade talks and an accommodative Fed are on investors' side, said Michael Yoshikami, CEO and founder of Destination Wealth Management.
"Forceful accommodative monetary policy in the short run is the best method to ensure that policy rates do not stay low for longer than is necessary," he said.
After a 25 bp cut in October, the RBI has kept rates at 6.25 percent and shocked markets by changing its stance to "neutral" from "accommodative" in February.
"The Governing Council is convinced of the need to continue an accommodative monetary policy stance, without deviation from the announced measures under implementation to be expected," he added.
"For now, the accommodative stance in monetary policy needs to be maintained," Bank of Korea Governor Lee Ju-yeol said in a speech celebrating the bank's 67th anniversary.
As part of that so-called forward guidance, the Fed for years described its policy stance as "accommodative" to assure markets that it would not strangle economic growth.
In this process it will judge carefully whether it is necessary to adjust its accommodative monetary policy stance further, while closely checking future economic growth and inflation trends.
At the same, Australia's central bank has switched to a more accommodative policy path in the face of a darkening outlook for growth, rising unemployment and lukewarm inflation.
Tax cuts and increased public spending, supported by accommodative monetary policies, are necessary to accelerate aggregate demand to relatively quickly lead to upward pressures on costs and prices.
Hopes of accommodative monetary policy by major central banks and a U.S.-China trade truce were drivers of a fourth week of gains for the European stocks benchmark.
If there was a surprise in their comments, it was that they removed the word, "accommodative" from their release, which has been a part of their recent statements.
Softening his tone from a few months ago, Evans, who votes on interest rate policy this year, said monetary policy was neither accommodative, nor restrictive at this point.
"The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2 percent inflation," the Fed said in the postmeeting statement.
The Fed already is in an accommodative posture coming off a 2019 where it cuts its benchmark borrowing rate three times by a total of 75 basis points.
At its August meeting, Governor Perry Warjiyo signaled the central bank's willingness to ease policy further by saying the cuts would be followed by "an accommodative policy mix".
And then finally as you mentioned with the central banks, we're still in a calm accommodative monetary position even though the Fed has begun to increase interest rates.
The move is the latest sign that regulators are becoming more accommodative as policymakers consider the job of repairing banks after the global financial crisis as largely done.
The RBI maintained its "accommodative" stance and said it would maintain this position "as long as it is necessary" to revive growth, while ensuring inflation remains within target.
"Monetary policy has to remain highly accommodative for a prolonged period of time to support underlying inflation pressures and headline inflation developments over the medium term," she said.
The shift is the latest sign of a more accommodative stance towards the finance industry, which has faced tougher capital rules since the financial crisis in 2008-2009.
She also said reversing long-term damage might need a more accommodative policy than otherwise, which may suggest the U.S. central bank could provide further monetary policy easing.
Rajan's policy statement struck a more cautious tone than it had done at the last policy review in April, but it said the RBI's stance would remain "accommodative".
" RAJESH CHERUVU, CHIEF INVESTMENT OFFICER, VALIDUS WEALTH, MUMBAI "The MPC unanimously and shockingly left rates unchanged, but maintained accommodative stance against consensus market expectations of 25 bps cut.
The euro is expected to strengthen further on Thursday if the ECB gives up the so-called "easing bias" — where the central bank favors a more accommodative policy.
"The stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2 percent inflation," the Fed said: http://bit.ly/2023LrfbNW.
"We are cautiously optimistic for a detente in the US-China Trade War, and monetary policy also remains accommodative around the globe," Maneesh Deshpande wrote in a note.
Fed officials "seem fully aware that accommodative financial conditions are dependent on their own expectation of cutting," Michael Gapen, the chief U.S. economist at Barclays, told the WSJ.
Fed officials "seem fully aware that accommodative financial conditions are dependent on their own expectation of cutting," Michael Gapen, the chief U.S. economist at Barclays, told the WSJ.
The central bank also unexpectedly shifted its policy stance to neutral from accommodative, citing a build-up in inflationary pressures and could cap any sharp fall in the rupee.
The yen had risen last week after Kuroda on Friday flagged for the first time the prospect of an exit from accommodative policy if his inflation target was met.
President Trump's success in last year's presidential campaign was in no small part due to his accommodative approach to business, which has subsequently spawned a U.S. stock market rally.
The rising hopes of a more accommodative stance by the ECB and the U.S. Federal Reserve has helped the STOXX 600 gain more than 4% so far this month.
Our accommodative monetary policy stance will help to safeguard favourable bank lending conditions and will continue to support access to financing, in particular for small and medium-sized enterprises.
"(We've got an) accommodative Fed, slightly better earnings cycle, slightly better first-quarter economy to bounce off what was this simple correction, so it's no big deal," he said.
She noted, however that interest rates will remain accommodative "for some time" given slow growth abroad, the strong dollar, more restrictive financial conditions and the hard-hit energy sector.
"The Fed can't afford another market disruption and policy mistake and judging by the steepening of the curve, financial markets are convinced the Fed will remain accommodative," Moya said.
Low volatility in 2017 impacted investment bank results, but Oudea said in a TV interview that volatility could gain momentum as central banks start to exit accommodative monetary policies.
For the Federal Reserve and most other major central banks, the question is not whether to tighten monetary conditions, which remain very accommodative, but how soon and how aggressively.
The statement also stressed the need to extend highly accommodative monetary policy for an extended period, given the continued undershooting of real inflation and inflation expectations in the Eurozone.
The Fed's highly accommodative policies will remain in place, barring an unlikely flare-up of sustained price inflation and a significant acceleration of economic growth in the months ahead.
Last week, Fed Chair Jerome Powell said the central bank still has a ways to go yet before it gets rates to where they are neither restrictive nor accommodative.
While it is expected to show some signs of improvement, traders are cautious about pushing the euro too much higher, given the European Central Bank's ultra-accommodative policy stance.
"Because we have a very strong economy, we have very low unemployment, we have reasonably low inflation … the Fed does not need to continue to be accommodative," he said.
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said that the central bank must continue with accommodative monetary easing for some time to meet its 2 percent inflation target.
Last month, BOT Governor Veerathai Santiprabhob said accommodative monetary policy was still needed to support Southeast Asia's second-largest economy and that "building policy space is a secondary target".
With so much bad news already discounted, the hope among the bulls is that the global economy stabilizes, central banks remain accommodative and further earnings cuts will be modest.
Flug noted that while monetary policy will remain accommodative for a considerable time, the central bank will continue to buy foreign currency in a bid to contain shekel appreciation.
"The ECB changing its targets with regards to inflation could potentially enable it to be more accommodative for longer," said Craig Erlam, senior market analyst at OANDA in London.
The euro has lost around 1.6 percent of its value over the last two weeks as investors bet the ECB will keep monetary policy accommodative for an extended period.
BANGKOK, March 8 (Reuters) - Thailand's monetary policy needs to remain accommodative to aid the country's economic recovery as inflationary pressure remains soft, the central bank governor said on Thursday.
Expectations of more accommodative monetary policy saw German bond yields extend the seven basis points fall recorded a day earlier, while other euro zone bond yields also extended falls.
SEOUL (Reuters) - South Korea's central bank said on Thursday it would keep interest rates accommodative for now because inflation is tepid and consumers are saddled with record household debt.
"The outlook for high yielding currencies remains constructive due to the increasingly accommodative messaging from the both the ECB and Fed," said Mike Keenan, a strategist at Absa Capital.
The euro has lost around 1.6 percent of its value over the past two weeks as investors bet the ECB will keep monetary policy accommodative for an extended period.
"If we end up with a much more accommodative fiscal policy ... then we shouldn't have as much accommodation on monetary policy," he told a business audience in Portland, Maine.
In fact, the Federal Reserve has begun normalizing monetary policy from the highly accommodative crisis levels, raising interest rates and reducing the size of its $4.5 trillion balance sheet.
The central bank expected a July inflation rate of 3.23% on-year, Governor Perry Warjiyo said on Friday, reiterating that low inflation gives BI room for more accommodative policy.
Monetary policy in the euro zone will remain accommodative for some time as inflation struggles to pick up, a member of the European Central Bank told CNBC Friday morning.
Fed officials have said they believe the economy is sufficiently strong to handle rate increases and presents the opportunity to start normalizing policy after years of historically accommodative actions.
Basketball has always been accommodative of celebrity culture — the small arena and the courtside seats make seeing and being seen one of the central perks of high-dollar tickets.
"What you see here is a virtually unchanged path of economic projections and a slightly more accommodative path" for monetary policy, Ms. Yellen told a news conference on Wednesday.
The pan-European STOXX 600 index ended flat but broke a five-week winning streak as regional equities failed to take advantage of the Fed's accommodative stance this week.
CFIUS' stance has toughened as Trump seeks to put pressure on China to help tackle North Korea's nuclear ambitions and be more accommodative on trade and foreign exchange issues.
However expectations of a more accommodative Federal Reserve helped the S&P 22 and the blue-chip Dow Jones Industrial Average index post their best June performance in generations.
And although accommodative policies from a central bank could support financial conditions, the risk of a sharper slowdown has risen, particularly with escalating trade and geopolitical tensions, Moody's said.
That's more of a signal that investors think the Fed is not accommodative enough, but I think there's a lot of stuff going into that, mostly being the uncertainty.
Having said that, Speaker Pelosi has been accommodative and accessible and helpful regarding USMCA which is a big boone for farmers, manufactures, high-tech, finance and services, currency stability.
Warjiyo also said there remained room to make policy more accommodative - signalling the possibility of further rate cuts - though he also said utilizing such room would depend on data.
With the advent of the gig economy and the growing popularity of start-up culture, employees are increasingly looking for employers to be flexible and accommodative to modern life.
Following the U.S. example, the current growth slowdown in the euro area can be easily reversed with a policy mix consisting of a fiscal stimulus and accommodative monetary policies.
"Improving growth in the second half of 2017, modest inflation and a continued accommodative monetary policy stance from central bankers are a pretty good recipe for modest multiple expansion."
When asked about possible further easing, Warjiyo said an "accommodative policy mix" will be pursued in line with low inflation, external stability and the need to support GDP expansion.
The Federal Reserve remains on its policy path despite an indication from the central bank Wednesday that it is no longer taking an "accommodative" stance, Chairman Jerome Powell said.
Over that time, extremely accommodative monetary policy from the Federal Reserve and a slowly improving U.S. economy have enabled the benchmark index to more than triple from its low.
Morgan Stanley strategists expect the franc to trade below 1.20 in the coming days as the SNB will remain "accommodative" with inflation still far below a 2 percent target.
South Korea's central bank last week kept its policy settings unchanged but adopted a more accommodative tone while India is expected to cut rates at its policy meeting on Thursday.
LONDON (Reuters) - The election of Donald Trump as the next U.S. president could signal a period of heightened pressure on the Federal Reserve to change its accommodative stance, Barclays (BARC.
With the economic outlook foggy and major central banks much more accommodative compared with a few months ago, U.S.-China trade talks and Brexit are the primary concerns for traders.
A board member said it is necessary to keep an accommodative stance, adding it would be difficult to reach the bank's inflation target of 2 percent, according to the minutes.
Earlier this month, Powell sparked concerns on Wall Street after he said rates are a long way from neutral, a level of being neither accommodative nor restrictive to the economy.
ET. "Draghi is going to say monetary policy needs to remain very accommodative," said Chandler, adding the ECB president may also say risks remain balanced because of labor market strength.
"From a risk management perspective, that suggests, if we are to err, it is better to err on the side of being more accommodative than being more restrictive," he said.
Combined with recent strong economic data and early signs of a tilt away from its multi-year accommodative stance, some large investors such as Investec Asset Management are turning bullish.
And while central bank policy remains largely accommodative, albeit not as loose as before, bankers say it's difficult to see what could push Treasury yields higher on a sustainable basis.
Expectations of strong economic growth is prompting some Asian central banks to follow in the footsteps of the U.S. Federal Reserve in gradually shifting away from extremely accommodative monetary settings.
"As long as average hourly earnings don't spike and perhaps give the Fed concern that it might bleed into overall inflation they can be accommodative on interest rates," Goshko said.
The wobbles in China have inflamed concerns about global growth and have forced central banks around the world, including the U.S. Federal Reserve, to turn dovish or keep policy accommodative.
Markets have been pricing in a series of rate cuts, so Powell's use of the term spread concern that the Fed might not be as accommodative with policy as anticipated.
"BI will maintain an accommodative macroprudential policy stance and strengthen coordination with other relevant authorities in order to maintain financial system stability and stimulate the bank intermediation function," he said.
"Given all these developments, the Governing Council judges that an accommodative policy interest rate continues to be warranted," it said in a statement, while keeping rates steady at 1.75 percent.
CFIUS' stance has toughened as U.S. President Donald Trump seeks to pressure China to help tackle North Korea's nuclear ambitions and be more accommodative on trade and foreign exchange issues.
The decision to remove the long-standing "accommodative" language from the Federal Reserve's policy statement was not unanimous among officials, according to the minutes from the Fed's latest policy meeting.
After a cabinet reshuffle announced on Wednesday, the new finance minister designate Yim Jong-yong said he would keep macroeconomic policy accommodative in order to stabilize the economy, Reuters reported.
The Fund's call for targeted fiscal support for consumer demand comes is accompanied by calls for continued accommodative monetary policy and accelerated structural reforms aimed at boosting countries' economic efficiency.
"This will allow (the central bank) to maintain its accommodative monetary policy stance throughout this year and hold the key policy rate at current levels," Eurobank said in an analysis.
AND I THINK ONE OF THE QUESTIONS WE ALL NEED TO ASK OURSELVES IS HAS ACCOMMODATIVE MONETARY POLICY GOING TOWARDS ZERO AND NEGATIVE INTEREST RATES – HAS THAT RUN ITS COURSE?
"Japan's financial system remains stable and monetary conditions are very accommodative," Kuroda said in the speech, holding off from repeating recent warnings about the rising cost of ultra-easy policy.
"Central banks look increasingly accommodative and no one seems to be going against that trend ... which supports all asset prices," said Morgan Stanley's head of European rates strategy Anton Heese.
Fed chair Jerome Powell said at a press conference Wednesday the case for more accommodative policy has strengthened, adding that policymakers are concerned about some of the recent economic developments.
"Such consolidation would reverse the procyclical fiscal stance of the past few years and allow monetary policy to remain accommodative for a longer period, helping preserve Hungary's competitiveness," it said.
U.S. corporate debt this summer reached a record $6.3 trillion, according to S&P Global, as accommodative monetary policy and cheap borrowing costs have encouraged companies to increase their leverage.
However, pockets of weakness in regional economies are likely to keep Asian central banks slanted toward more accommodative monetary policy, even as their Western counterparts move to scale back stimulus.
Stocks initially rallied off their lows of the day on the announcement as traders cheered a more accommodative policy stance from the Fed, which is typically supportive of equity prices.
Instead, we believe that MAS is likely to watch global developments for greater policy commitment and growth to weaken further before deciding to add to its already accommodative monetary policy.
"At this point I don't foresee a rate cut ... because it is still an extremely accommodative policy stance," added Harker, who does not vote on monetary policy until next year.
"An improving current account deficit, well-contained inflation and accommodative global central banks provides [Bank Indonesia] with more than adequate monetary policy space," said Societe Generale in a weekly note.
Bank Negara Malaysia said the current overnight rate is "accommodative and supportive of economic activity", which will be helped by a "slightly faster pace" of global economic expansion in 22017.
"For domestic price pressures to strengthen, we still need very accommodative financing conditions, which are themselves dependent on a fairly substantial amount of monetary accommodation," he said, according to Reuters.
Keeping rates on hold at the last policy review in December, the RBI reiterated that it remained on an "accommodative" path that will help give more momentum to economic growth.
While President Moon, who has been criticized for being too accommodative to Pyongyang, isn't expected to take a hard-nosed stance towards Kim, he's not likely to be soft either.
The central bank reiterated rates policy would be accommodative for a "considerable period," with first quarter growth data reinforcing its view that it is too early to rein in growth.
"We see the room for accommodative monetary policy remains open until now, by seeing the available data," Dody Budi Waluyo, Bank Indonesia deputy governor, said in a hearing with lawmakers.
The CEO of a major European bank offered a stark warning for his industry on Thursday, suggesting that years of accommodative policy by global central banks could quickly turn sour.
Over the last two years, the market narrative appears to be one of above-trend economic growth and normalizing interest rate policy, resulting in an accommodative environment for equity investing.
Complicating this task is a growing chorus of policymakers in the BOJ board looking at an exit from ultra-accommodative policy, the summary of debate at January's rate review showed.
The second crucial factor is that the Federal Reserve, which the president does not control directly, embarked on an extraordinarily accommodative monetary policy, starting even before Mr. Obama took office.
" Meanwhile, for the greenback versus the yen, UBS said that Prime Minister Shinzo Abe's super-majority in parliament "bolsters the chances that the Bank of Japan maintains its accommodative stance.
Similarly, there's likely to be a debate ahead about how far the Fed has to go to get to a "neutral rate" where policy is neither restrictive nor overly accommodative.
Trying to boost growth and reduce unemployment, the Fed's accommodative monetary policy since the crisis and how long it might last has been the obsession of markets in recent years.
That means that, for the first time since the financial crisis, Fed policy is more restrictive than accommodative which, explains, in part, why stocks and bonds have become so jittery.
Although inflation rose to the central bank's 1.7193% to 1.7183% target range in the first half, the bank has maintained its accommodative stance after a moderate tightening move in March.
"The Monetary Policy Committee will do what is needed so that the more accommodative monetary stance is transmitted normally to households and businesses," the Central Bank of Iceland (CBI) said.
Solid jobs, good unemployment figures, good consumer confidence, improving home sales, accommodative interest rates — all that leads us to believe that most likely this will be a V-shaped recovery.
It also said "many" other directors considered the current monetary stance to be sufficiently accommodative, and noted that monetary policy should be calibrated based on assessment of financial stability risks.
"At the moment our policy is accommodative and we are going to assess the conditions going forward and recalibrate our policy if necessary," Mester said in an interview with CNBC.
"The monetary policy stance would continue to be accommodative, economic agents' financing costs would be favourable," it said, adding that any future policy steps would depend on the inflation outlook.
The Fed's targets 2 percent inflation growth as a sign of healthy and sustainable economic growth, but has failed to reach that level despite a decade of historically accommodative policy.
The IMF noted that accommodative monetary policy in Bolivia meant that growth was holding up well and the near-term recovery was also expected to continue in Chile and Colombia.
"The situation in the United States has changed so much it will have some impact on the BOJ's decision making, but I expect monetary policy to remain accommodative," Nishimura said.
"I think as much the Fed and Powell, in particular, don't want the market to interpret the removal of 'accommodative' as a signal that they're near the end," said Arone.
However, given the improvements in the global economy, central banks have begun reversing their accommodative programs, with the Fed expected to increase interest rates at least three times this year.
All this amid the Fed's plans to hike interest rates twice more this year have raised questions over how a move away from historically accommodative monetary policy will impact markets.
Chair Janet Yellen during recent congressional testimony said the Fed may not have much further to go until it reaches the level where its policy is neither accommodative nor restrictive.
"Even after an increase of the interest rate by 0.15 percentage points, monetary policy remains accommodative and will continue to support the attainment of policy targets," the central bank said.
In an environment where government bonds face a less accommodative monetary regime and a macro shift toward higher yields, we believe investors are being compensated to take risk in stocks.
The Chicago Fed National Financial Conditions Index shows the liquidity backdrop is as loose as it's been this cycle, matching its most-accommodative readings from late 2017 and mid-2019.
Indonesian rupiah held steady even as the central bank unexpectedly cut its key interest rate for a second time in two months, saying it would continue with an "accommodative policy mix".
In South Korea, its central bank last week kept policy settings unchanged but adopted a more accommodative tone while India is expected to cut rates at its policy meeting on Thursday.
The United States is currently running a mix of expansionary fiscal policy (tax cuts and increased spending on the military) and a less accommodative or contractionary financial policy (rising interest rates).
Masafumi Yamamoto, chief currency strategist at Mizuho Securities, said while the market is expecting more accommodative sentiments from the meeting, equity markets were unlikely to react positively to such a development.
Investors also point to rising inflation expectations pushing up bond yields and the potential for a sharp rise, or "taper tantrum", should central banks begin to rein in accommodative monetary policies.
TOKYO, June 19 (Reuters) - The International Monetary Fund on Monday urged Japan to avoid withdrawing fiscal policy stimulus and to keep monetary policy accommodative to accelerate growth and achieve higher inflation.
Ultra-low interest rates and other accommodative monetary policies since the 2008 financial crisis have pushed investors to search for higher returns in traditionally riskier assets such as stocks, Freeman said.
Moreover, while he envisions equities and Treasuries continuing to move in tandem in the near-term, Parker eventually sees the two diverging— in spite of low rates and accommodative central banks.
A jump in German inflation, announced on Tuesday, has stoked a debate about the ECB's accommodative policy and its low rates, which German media and some conservative lawmakers argue erode savings.
SO AFTER MANY, MANY YEARS OF ACCOMMODATIVE POLICY WHICH I HAVE SUPPORTED STRONGLY BECAUSE INFLATION IS NOW UP AT 3.4%, IT'S TIME TO READJUST THE POLICY STANCE AT LEAST TO NEUTRAL.
Importantly, Abe will now be able to re-appoint Haruhiko Kuroda as Bank of Japan governor when Kuroda's term ends in April 0003, or choose a successor supportive of accommodative policies.
"To reconcile these developments, it is difficult not to conclude that the current level of the federal funds rate is less accommodative today than it would have been 10 years ago."
"What you've seen over the course of the year as we've moved to a more accommodative policy, the economy has performed about as expected with the gradually increasing support," Powell said.
The single currency has been stumbling due to weaker-than-expected growth data out of the eurozone and expectations that the European Central Bank will keep monetary policy accommodative this year.
"Welcome to the world of intense rotations, which have already begun since the Fed signaled in 2014 that things were getting too good to stay accommodative," the "Mad Money " host said.
FISCHER: WELL, AS LONG AS INFLATION IS LOWER THAN THE 2% AND UNEMPLOYMENT IS SOMEWHERE AROUND WHERE IT SHOULD BE, THERE'LL BE A FORCE REQUIRING US TO MAINTAIN AN ACCOMMODATIVE POLICY.
The euro stabilized following its biggest one-day loss in a month in reaction to the European Central Bank on Thursday reaffirming its plan to slowly end its accommodative monetary policy.
A more accommodative Federal Reserve and the prospects for stable economic growth ahead have promoted Goldman Sachs to close a popular trade that it has backed for the past two years.
Those debt-financed fiscal policies and accommodative monetary policies had been only moderately successful in promoting growth, with public and private debt levels in the world now too high, Schaeuble said.
"The monetary policy stance should remain broadly accommodative at this point ... (and we need) to maintain a degree of patience," Estonian central bank chief Ardo Hansson told a conference on Friday.
NESDB chief Porametee Vimolsiri, also a rate-setting committee member, said private investment should recover in the second half of the year and that monetary policy should continue to be accommodative.
Mester acknowledged, however, that policy will likely need to remain accommodative "for some time" given slow growth abroad, the strong dollar, more restrictive financial conditions and the hard-hit energy sector.
The dollar was on the defensive on Tuesday, weighed by growing expectations the Federal Reserve would adopt a more accommodative policy outlook this week and concerns about slower U.S. economic growth.
"The new governor was apparently chosen with the expectation that the central bank would follow more accommodative policies under his management," Deniz Cicek, an economist at Finansbank, said in a note.
Last week's increase took the bank's overnight interest rate to 1.75 percent, still well below the "neutral" rate of 2.5 to 3.5 percent where monetary policy is neither stimulative nor accommodative.
Canada's annual inflation rate is expected to have cooled to 1.5 percent, pulling away from the Bank of Canada's 2 percent target and giving the central bank room to remain accommodative.
While Kuroda's remarks were broadly consistent with his previous guidance on the conditions needed to unwind the accommodative policy, market participants took particular note of his explicit reference to "an exit".
"In order to reach 2 percent inflation target, I think the Bank of Japan must continue very strong accommodative monetary policy for some time," Kuroda told CNBC's Sara Eisen this weekend.
He said current monetary policy is "accommodative" and there would need to be a "significant" shift in economic data for him to support either a rate cut or a rate increase.
In a statement that marked the end of the era of "accommodative" monetary policy, the Fed raised interest rates and left its monetary policy outlook for the coming years largely unchanged.
He said current monetary policy is "accommodative" and there would need to be a "significant" shift in economic data for him to support either a rate cut or a rate increase.
Driven by a large fiscal stimulus and accommodative monetary policies, the U.S. economy is poised to remain on a growth path of about 3 percent for the rest of this year.
During her tenure, Yellen oversaw the first rate hike in seven years as the Fed sought to normalize policy after the extremely accommodative measures put in place during the financial crisis.
The BOK upgraded it 2018 GDP outlook to 3 percent from 2.9 percent last month, but flagged concerns about economic uncertainties and soft inflation saying monetary policy would be kept accommodative.
However, he has turned cautious lately as the Fed has indicated it is determined to begin rolling back some of the highly accommodative policy moves it has taken since the crisis.
BRUSSELS (Reuters) - The European Central Bank should maintain a "firmly accommodative" monetary policy for an "extended period", the International Monetary Fund said on Tuesday, as it forecast inflation remaining below target.
While stimulus in the U.S., along with confined accommodative monetary policy abroad, may mitigate global risk in the short term, we do see that earnings cycles are also starting to peak.
"The committee noted that the inflation environment continues to increase, supported by the accommodative monetary policy, and is it apparently beginning to become entrenched within the target range," the minutes said.
More generally, in the current environment of sluggish growth, low inflation, and already very accommodative monetary policy in many advanced economies, investor perceptions of and appetite for risk can change abruptly.
But a more accommodative stance won't be enough to reinvigorate the economy, said CIMB Private Banking economist, Song Seng Wun, as a weaker Singapore dollar will not necessarily push up exports.
Claudio Borio, the head of the BIS Monetary and Economic Department, acknowledged that markets had become dependent on accommodative monetary policy and weaning them off that dependence could cause "withdrawal symptoms".
"The reduction in the OPR is intended to provide a more accommodative monetary environment to support the projected improvement in economic growth amid price stability," the committee said in a statement.
"Besides Germany's distinctly supportive fiscal policy and highly accommodative monetary policy, the main driver of the improved economic outlook is exports," Bundesbank President Jens Weidmann said of the new macroeconomic projections.
CFIUS' stance has toughened as U.S. President Donald Trump seeks to put pressure on China to help tackle North Korea's nuclear ambitions and be more accommodative on trade and foreignexchange issues.
So while short-term rates are only just above zero, monetary policy is not as accommodative as it might appear, and the Fed has less "headroom" to raise rates, he said.
"The message from the Chinese government is to be accommodative, especially to borrowers from sectors that have been impacted by the virus," said a senior loans banker at an international bank.
But the analysis also reflects a tightrope Fed officials are trying to walk in which they want to keep policy accommodative enough to maintain the economic expansion while not fueling bubbles.
Monetary policy, including three rate cuts by the Fed, was the dominant factor for markets in 2515.31 and will likely be next year, too, as central banks remain accommodative, Hooper said.
The growth of loans to firms and households remained solid, benefiting from the ongoing support provided by our accommodative monetary policy stance, which is reflected in very low bank lending rates.
Instead, the U.S. economy continues to tread water, warranting not only an assessment of "moderate" at best but also justifying further and sustained accommodative policy rather than a removal of such.
SEOUL, March 21 (Reuters) - South Korea's central bank chief said on Wednesday the Bank of Korea would keep interest rates accommodative for now because inflationary pressure is likely to stay weak.
"The MPC has retained its 'accommodative' policy stance, which suggests that this is a pause rather than an end to the loosening cycle," said Darren Aw, Asia economist at Capital Economics.
The caution in Europe made the region an outlier, as U.S. Federal Reserve Chairman Jerome Powell's accommodative comments late on Tuesday and weaker-than-expected U.S. data on Wednesday supported assets globally.
That confidence prompted the central bank to keep interest rates on hold this month and shift its monetary policy stance to "neutral" from "accommodative", signalling the end of the monetary-easing cycle.
That is a very big deal given all of the Fed's most recent statements have suggested that policy will remain accommodative despite expected increases in the interest rate that the Fed controls.
Brazil also benefited from a renewed bid for EM assets among investors looking to bolster portfolios at a time when accommodative monetary policies across the developed world are pushing rates ever lower.
While acknowledging that monetary policy remains accommodative, she insisted inflation was still below their projections, and that that there were no indications of extreme shortages of labor that would push prices higher.
Earlier this month, the markets started going haywire after Fed Chair Jerome Powell said rates are a long way from so-called neutral, a level neither accommodative nor restrictive to the economy.
February's surprise shift in stance from accommodative to neutral along with the April hike in reverse repo rate is probably signalling an end to the easing cycle that began in early 2015.
"We have made quite good progress toward our objectives ... so clearly as we get closer to our objectives it's likely that we'd want to make monetary policy somewhat less accommodative," he said.
The Reserve Bank of New Zealand (RBNZ) on Thursday held interest rates at a record low of 1.75 percent, as expected, and said monetary policy would remain accommodative for a considerable period.
"Accommodative monetary policy, while necessary to support activity during the early stages of an economic expansion, may also increase vulnerabilities in the financial system, especially if maintained for too long," Quarles said.
An accommodative policy implies that the central bank is trying to encourage spending by making it cheaper for companies and households to borrow, in a bid to foster growth in the economy.
"We will continue to implement an extremely accommodative, expansionary monetary policy not just to reach to 2 percent but to allow actual inflation go beyond 2 percent," he said in a seminar.
Equities rallied to start off 2019 amid expectations that China and the U.S. would strike a trade deal in the near future, while the Federal Reserve held a more accommodative policy stance.
"We have made quite good progress toward our objectives ... so clearly as we get closer to our objectives it's likely that we'd want to make monetary policy somewhat less accommodative," he said.
"We think that the focus on low/negative yield environments and accommodative central bank policies this year suggests that more BoE easing than anticipated would ultimately be positive for gold," added Teves.
Democrat Hillary Clinton, while accepting $41.4 million in contributions from the finance industry, has taken a harder line on big banks and is looking for a more accommodative environment for smaller institutions.
However, economists have pared back their expectations for the Bank of Japan to ease its already ultra-accommodative monetary policy, as the outlook for global growth improves and the yen's outlook softens.
In one of its first uses of the new powers, an interim inquiry in March on the mortgage pricing mechanisms of the banks and Macquarie Group found signs of "accommodative oligopoly behaviour".
That means monetary policy will likely become more accommodative, and fiscal policies focusing on infrastructure investment and lifting rural consumption will "play a more proactive role" in supporting growth, according to Citi.
In foreign exchange, the dollar enjoyed a broad-based rally against major currencies, including the euro and Antipodean currencies on expectations monetary policies in Europe, Australia and New Zealand will remain accommodative.
"Today's dropping of keyword 'accommodative' from its policy statement ensures the Fed remains on course for further hikes as unemployment heads towards multi decade lows," said Robert Sierra, director at Fitch Ratings.
With monetary policy still modestly accommodative, the U.S. central bank should continue to raise interest rates slowly to keep jobs plentiful and inflation low, Federal Reserve Chair Janet Yellen said on Thursday.
The Reserve Bank of India (RBI) has maintained an accommodative policy stance for well over a year now but its efforts have had a limited impact on spurring bank lending to consumers.
"In line with its mandate, monetary policy will remain accommodative as long as necessary to reach the medium-term inflation target," Villeroy added, writing in his annual letter to the French president.
Concerns over anaemic growth have prompted a shift towards more accommodative monetary policy from the world's most influential central banks, and government bond yields have sunk to multi-year lows in response.
The global economy is growing, the Fed and other central banks remain accommodative even though they are gradually tightening monetary policy, and there is a lack of "excesses" in pricing or sentiment.
Still-accommodative Fed policy and an expected pickup in equity earnings support our overweight U.S. equity position in global portfolios, and we still expect equities and credit to end the year higher.
"In order to reach [our] 2 percent inflation target, I think the Bank of Japan must continue very strong accommodative monetary policy for some time, " Kuroda added in his interview with CNBC.
With the September Federal Open Markets Committee (FOMC) meeting rapidly approaching, the attitude of some Federal Reserve officials has begun to shift to a slightly more accommodative or certainly less aggressive tone.
SEOUL (Reuters) - South Korea's central bank chief said in a New Year's message on Monday that policy should remain accommodative next year as demand-side inflation pressures were expected to remain low.
It is the latest sign of how policymakers are being more accommodative towards lenders in a bid to boost the flow of funds to companies at a time of sluggish economic growth.
I am optimistic that the state of the economy is strong and that's going to help move inflation in the right direction but I think we will continue to need accommodative policy.
While YCC can reflate growth, it lacks the power to change public perceptions of future price moves, Iwata said, urging the government to keep fiscal policy accommodative and speed up structural reforms.
PARIS (Reuters) - The European Central Bank should slow the pace of its asset purchases while also keeping monetary policy accommodative overall, ECB Governing Council member Francois Villeroy de Galhau said on Thursday.
Late into the session, the Reserve Bank of Australia said it kept its cash rate at 1.5 percent, an accommodative stance that policymakers have signalled will continue for some time to come.
While most analysts don't expect the central bank to cut rates anytime soon, policymakers have indicated they will keep an accommodative stance and be ready to respond if economic conditions deteriorate markedly.
The weakening momentum in the bloc led markets to price in an accommodative European Central Bank through much of 2019, likely limiting the upside for the single currency over the medium term.
A meaningful gain in wages would mean the recovery has come full circle and the Fed can continue to normalize policy after the highly accommodative measures during and following the financial crisis.
"The (monetary policy) committee is taking additional steps as necessary to make monetary policy more accommodative," it added — a likely reference to intervention in the foreign exchange market to stem shekel strength.
Policy is now turning less accommodative in China, with a number of measures designed to cool the housing market, but the impact on GDP growth through 2017 is likely to be gradual.
The current overnight interest rate is 1.75 percent and Poloz reiterated that it needed to reach the "neutral" range of 2.5 to 3.5 percent where monetary policy is neither stimulative nor accommodative.
The central bank's monetary policy committee (MPC) has kept its benchmark interest rate unchanged at 0.1 percent for two years, although it has said policy would remain accommodative for a considerable time.
Mark McCormick, head of North American FX strategy, at TD Securities in Toronto agreed, saying the absence of "accommodative" in the statement was the reason for the initial fall in the dollar.
The Federal Reserve raised interest rates, as expected, by a quarter point, raised its economic outlook for this year and next, and removed the reference in its statement that policy is 'accommodative.
That's been fueled by the fact that businesses have been borrowing increasing amounts under extremely accommodative conditions in a low-interest environment since the last crash — without effectively improving their liquidity profiles.
"Given accommodative financial conditions, the real economy has evidently improved" with the employment and household income situation having recovered steadily, Nakaso said in a speech to a seminar hosted by Keio University.
Britain wanted the EU to offer a more accommodative version of equivalence covering a broader range of financial activities, and ensure the EU could not end equivalence-based access at short notice.
The Fed still feels the economy needs loose, or accommodative, monetary policy, so a lower neutral rate means the Fed may feel compelled to slow the pace of rate hikes down the road.
"Idiosyncratic events in a number of countries, coupled with trade war tension and less accommodative monetary policy stances by the G-3 central banks continue to cause many headwinds for EMs," he added.
The RBA Board reiterated the need for domestic monetary policy to remain accommodative for some while yet, as it awaits a further fall in the unemployment rate and a pick-up in inflation.
"You'll see political pressure on the Fed to be much less accommodative ... influence on the Fed is going to be a significant consequence of the election," Staley said at the FT Banking Summit.
The U.S. Federal Reserve kept rates unchanged as widely expected and its stance on monetary policy remains accommodative, thereby supporting further improvement in labour market conditions and a return to 2 percent inflation.
Benchmark 10-year U.S. Treasury yields rose to five-week highs in sympathy with weaker European government debt, as investors evaluated the likelihood that central banks in Europe will soon become less accommodative.
The stock market has been under pressure and prone to more volatility since Powell, earlier this month, said rates were a "long way" from neutral, a level where they're neither restrictive nor accommodative.
The stock market has been under pressure and prone to more volatility since Powell, in early October, said rates were a "long way" from neutral, a level where they're neither restrictive nor accommodative.
While he conceded that stocks are not "really cheap" at this point, he said the backdrop is solid enough to keep him in the market, particularly when global central banks are still accommodative.
The Governing Council reiterated the need for a highly accommodative stance of monetary policy for a prolonged period of time to support underlying inflation pressures and headline inflation developments over the medium term.
"We're attuned to potential risks to the outlook and, if we saw a downside risk to the outlook, then that would be a factor that could call for more accommodative policy," Clarida said.
The TLTRO II was announced in March by the ECB as part of its accommodative monetary policy and will be conducted in June, September and December of this year and in March 23.45.
The key for markets now is whether pledges for more accommodative policy from Germany to China are enough to assuage concerns about the state of the global economy and end fears of recession.
BENGALURU (Reuters) - The Reserve Bank of India (RBI) held rates steady on Thursday and retained an accommodative policy stance as it sought to support faltering growth and avoid stoking already high inflation levels.
" He said, "For now it's clear that we have a very accommodative monetary policy stance," reiterating that "we are ready to adjust all of our instruments as appropriate taking into account economic developments.
When policy is said to be accommodative, it means the central bank is making it cheaper for businesses and households to borrow in hopes that they will increase spending and lift the economy.
But he said fiscal adjustments could support years of accommodative monetary policy, and he endorsed economist Mohamed El-Erian's description in his book of the Fed as almost the "only game in town."
Powell has repeatedly said that he believes the economic outlook is strong and that this is a good time for the central bank to normalize policy after years of an ultra-accommodative stance.
Sales volume is likely to fall due to regulatory tightening in some markets, but the decline is likely to be gradual as China's credit environment remains accommodative in the near to medium term.
St. Louis Fed President James Bullard said the Federal Reserve will find it difficult to raise interest rates beyond the settings of its Japanese and European counterparts, which are still pursuing accommodative policy.
"It looks like Trump will aim for a more fiscally accommodative policy at a time when they seems to be a shift in major economies towards fiscal policies," said Investec economist Philip Shaw.
According to Paulsen, the combination of fear, room in valuations and accommodative central bank policies are setting up the market for even more upside in the year's second half, which kicks off Monday.
In foreign exchange markets, the dollar enjoyed a broad-based rally against major currencies, including the euro and Antipodean currencies on expectations monetary policies in Europe, Australia and New Zealand will remain accommodative.
"The slowdown, when it becomes recognized as such, [often] leads to another big market rally — as valuations come back up, and the Fed actually stops tightening and may even become accommodative," he said.
BUDAPEST (Reuters) - The National Bank of Hungary's continued accommodative monetary stance remains appropriate given a recent decline in inflation and uncertain global economic growth conditions, the International Monetary Fund (IMF) said on Tuesday.
The central bank intends to maintain its accommodative monetary policy, providing banks with long-term kuna liquidity, which could help credit growth to gradually recover after it declined by another 3% in 0003.
The ECB on Thursday expanded its already accommodative monetary policy by cutting the benchmark deposit rate to -04 percent from -0.3 percent, while also reducing the refinancing rate to zero from 0.05 percent.
The Fed's meeting will take place nearly a week after the European Central Bank expanded its accommodative monetary policy by cutting the key deposit rate to minus 0.4 percent from minus 0.3 percent.
The dollar rose against the yen in morning U.S. trading on expectations the BOJ could ramp up its monetary stimulus after reports in recent days that the central bank could turn more accommodative.
"Based on the available data and the forecasts for economic activity and inflation, members judged that it was appropriate to leave the cash rate unchanged at an accommodative setting," the central bank said.
MARKET NEWS * The dollar was under pressure on Tuesday, weighed by growing expectations the Federal Reserve would shift to a more accommodative policy stance this week and concerns about slower U.S. economic growth.
Nowotny's remarks were in line with recent comments by other policymakers pushing back against German Finance Minister Wolfgang Schaeuble, who has calledfor the ECB to move away from its ultra-accommodative monetary policy.
It is the latest sign the Basel committee has become more accommodative in the face of pushback from European and U.S. governments over new capital requirements designed to avoid harming lending by banks.
In an interview with CNBC on Monday, Japan's central bank governor Haruhiko Kuroda said the Bank of Japan must continue "very strong accommodative monetary policy" until the 2 percent inflation target is reached.
The policymaker said he thinks rates are currently neutral or "slightly accommodative" and that he doesn't think lower rates will be enough to encourage spending from businesses being held back by trade uncertainty.
"(We) considered whether the downside risks to the Canadian economy were sufficient at this time to warrant a more accommodative monetary policy as a form of insurance against those risks," Poloz told reporters.
Riskier assets such as those in emerging markets have been rising since last month on hopes of accommodative monetary policy by major central banks, and signs of progress in U.S.-China trade relations.
Because monetary policy remains extremely accommodative, which is supportive of real GDP growth and financial asset prices, there is a high probability that the current business cycle will last a good deal longer.

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