But there are signs the Fed could become more accommodative.
|
|
So I think the Fed definitely became much more accommodative.
|
|
"Keeping your policy path more accommodative ... is appropriate," she said.
|
|
Until that is corrected, the Fed is probably going to more accommodative.
|
|
Mr. Sri-Kumar envisions a more accommodative Fed than is widely expected.
|
|
"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.
|
|
She sees emerging markets catching a bid from more accommodative central bank policies.
|
|
The yield had fallen earlier, reflecting raised expectations of a more accommodative Federal Reserve.
|
|
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.
|
|
"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.
|
|
The Committee viewed that a more accommodative monetary policy stance would alleviate the negative impacts.
|
|
The fall in the two-year yield reflects raised expectations of a more accommodative Fed.
|
|
"More accommodative climates, increased rainfall, and urbanization" are among the reasons cited for the resurgence.
|
|
"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.
|
|
"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.
|
|
BANK OF ISRAEL SAYS TAKING ADDITIONAL STEPS AS NECESSARY TO MAKE MONETARY POLICY MORE ACCOMMODATIVE
|
|
BANK OF ISRAEL: MPC IS TAKING STEPS AS NECESSARY TO MAKE MONETARY POLICY MORE ACCOMMODATIVE
|
|
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.
|
|
BULLARD HAD FLAGGED CONCERNS OVER YIELD CURVE INVERSION BUT SAYS MONETARY POLICY NOW 'CONSIDERABLY MORE ACCOMMODATIVE'
|
|
There must be so much more at work that we may need more accommodative monetary policy.
|
|
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.
|
|
Poor data will be another incentive for Beijing to be more accommodative with fiscal and monetary policies.
|
|
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.
|
|
Global financial conditions have eased, in part supported by announcements of more accommodative policies in some major economies.
|
|
He also attributed support for gains to extremely oversold conditions and more accommodative remarks from Federal Reserve policymakers.
|
|
BANK OF ISRAEL: IF NECESSARY, THE COMMITTEE WILL TAKE ADDITIONAL STEPS TOWARD MAKING MONETARY POLICY EVEN MORE ACCOMMODATIVE
|
|
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
|
|
"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.
|
|
Eventually, the White House pushed the Fed to adopt a more accommodative policy, triggering the departure of the chairman.
|
|
"If that were to happen, we would need a much more accommodative monetary policy to reverse it," Draghi said.
|
|
Japan has taken a more accommodative stance toward Washington's argument that trade must not just be free but fair.
|
|
The EU executive said it wanted a more accommodative approach in applying the rules in the first few years.
|
|
The gains came as European Union negotiator Michel Barnier signalled an more accommodative stance towards London in ongoing talks.
|
|
But some analysts believe the effects on banks of a more accommodative Fed and the flattened yield curve are overstated.
|
|
Britain has proposed EU market access based on a more accommodative version of the bloc's trade regime known as equivalence.
|
|
"And if that were to happen, we would need a much more accommodative monetary policy to reverse it," he said.
|
|
"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.
|
|
But the preparedness for the Fed to be more accommodative around the balance sheet seems to be a little new.
|
|
"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.
|
|
The president said Powell should mirror the more accommodative policies of foreign central banks, which have held back from tightening rates.
|
|
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
|
|
In the near term, policy makers will likely keep policy easing in place and be more accommodative until after a trade deal.
|
|
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.
|
|
By any measure that's pretty close to the ECB's target, and questions whether more accommodative policies should be pursued at this point.
|
|
"If Moon comes in, you're likely to have a more accommodative China political policy," said Tony Nash, chief economist at Complete Intelligence.
|
|
Trump has repeatedly criticized the Fed's interest rate increases and has said the Fed should now cut rates and be more accommodative.
|
|
The euro and bond yields tumbled after the ECB decision, which was generally taken to be more accommodative than investors had expected.
|
|
The S&P remained on pace for its third straight session of gains, mainly on hopes of a more accommodative Federal Reserve.
|
|
Expectations that global bond yields will stay lower for longer amid a central bank shift to more accommodative policy also supported equities.
|
|
The U.S. Federal Reserve cut rates three times in 2019 as central banks around the world shifted toward more accommodative monetary policies.
|
|
Both brought with them nasty 15-20% equity downturns, new lows in Treasury yields and forced central banks to become more accommodative.
|
|
But new analysis from Goldman Sachs suggested that the Fed is unlikely to roll out more accommodative policy just because stocks are tanking.
|
|
Stocks have been rallying in part on optimism that the Fed would turn more accommodative to blunt the impact of escalating trade tensions.
|
|
Early this year when investors' views began to improve and central banks became more accommodative, corporate credit spreads tightened significantly as stocks soared.
|
|
Stocks have been rallying in part on optimism that the Fed would turn more accommodative to blunt the impact of escalating trade tensions.
|
|
"The bottom line is that U.S. monetary policy is considerably more accommodative today than it was as of late last year," Bullard said.
|
|
Given the tepid recovery and increasingly volatile global financial system, it is easy to sympathize with calls for ever more accommodative monetary policy.
|
|
Britain, meanwhile, wants a more accommodative system of equivalence that does not rely solely on the "whim" of Brussels to grant market access.
|
|
"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.
|
|
Hopes that the Fed would turn more accommodative to blunt the impact of escalating trade tensions have helped support stocks in recent days.
|
|
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.
|
|
Although investors increasingly believe a more accommodative Fed now provides protection from a drop, some say a significant trade disappointment could send stocks plunging.
|
|
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.
|
|
Traders began increasingly betting on an easing of monetary policy after Fed Chair Jerome Powell said the case for more accommodative policy has strengthened.
|
|
He added that Japan and Australia was also attractive due to more accommodative monetary policy and urged investors to steer clear of emerging markets.
|
|
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.
|
|
It marks a more accommodative tone than comments from the European Central Bank, which will actually license the new hubs in the euro zone.
|
|
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.
|
|
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.
|
|
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.
|
|
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.
|
|
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.
|
|
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.
|
|
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.
|
|
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.
|
|
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.
|
|
"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.
|
|
"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.
|
|
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.
|
|
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.
|
|
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.
|
|
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.
|
|
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.
|
|
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.
|
|
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.
|
|
"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.
|
|
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.
|
|
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.
|
|
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.
|
|
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.
|
|
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.
|
|
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 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.
|
|
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 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.
|
|
"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.
|
|
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.
|
|
"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.
|
|
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.
|
|
"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.
|
|
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.
|
|
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.
|
|
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.
|
|
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.
|
|
"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.
|
|
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.
|
|
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.
|
|
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.
|
|
"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.
|
|
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.
|
|
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.
|
|
"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.
|
|
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.
|
|
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.
|
|
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.
|
|
"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.
|
|
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.
|
|
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.
|
|
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.
|
|
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.
|
|
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.
|
|
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.
|
|
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.
|
|
"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.
|
|
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.
|
|
"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 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.
|
|
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.
|
|
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.
|
|
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.
|
|
"(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.
|
|
" "But liquidity is in the driving seat, and the expectation of more accommodative monetary policy in Europe is driving demand for paper that offers an alternative to low-yield government bonds in Europe.
|
|
But he and other speakers made it clear on Tuesday that euro zone price pressures would appear more quickly, and with fewer side-effects, if overall euro zone fiscal policy were more accommodative.
|
|
"For the last two days we are seeing that riskier assets are starting to recover from signals from the Fed's sightly more accommodative stance," said Benjamin Lu, an analyst with Singapore-based Phillip Futures.
|
|
In the face of strong push back from European governments over new capital requirements for lenders, the Basel Committee is taking a more accommodative stance than previously on how its rules should be implemented.
|
|
Concerns over the protracted U.S.-China trade war drove European stocks 6% lower in May, their worst performance in more than two years, and spurred bets that central banks worldwide would turn more accommodative.
|
|
"But we have to keep in mind that supporting all this is a far more accommodative U.S. Federal Reserve than in the fourth quarter that's likely to place a cushion under stocks," said Hooper.
|
|
The STOXX index enjoyed its best first half yearly gains since 1998 on Friday, rising 14.5%, on expectations that major central banks would be more accommodative to counter the impact of the tariff dispute.
|
|
The Fed last week dropped the word "patient" in its statement and Fed chair Jerome Powell said the case for more accommodative policy has strengthened, causing traders to increase bets a cut is coming.
|
|
But fears over a global economic slowdown have made the Federal Reserve and euro zone interest rate outlooks more accommodative since then, reducing pressure on smaller central banks to tighten their policy as well.
|
|
The risk to the outlook from the escalating trade frictions has prompted Beijing to switch to a more accommodative fiscal policy in a bid to boost growth in the second half of the year.
|
|
In a footnote of the text of his speech released on Wednesday, Kataoka said cutting the short-term rate target would help change the shape of the yield curve to a more accommodative one.
|
|
Fed Chair Janet Yellen said in a speech Tuesday that the Fed may have overstated the labor market's strength and rate of inflation, indicating future monetary policy will be more accommodative than previously thought.
|
|
The breakdown triggered the worst monthly performance this year, but markets have since recouped most of the losses on hopes that the Federal Reserve would be more accommodative to counter a slowing global economy.
|
|
Central bank pledges after Brexit to provide liquidity and ensure smooth market functioning if needed, and the perceived shift towards a more accommodative global monetary policy framework soothed market jitters after Brexit, the BIS said.
|
|
The breakdown had triggered the worst monthly performance this year, but markets have since recouped most of their losses on hopes that the Federal Reserve would be more accommodative to counter a slowing global economy.
|
|
With a now more accommodative valuation on a relative basis, the potential for well above peer top-line trends set to continue, and prospects for a special dividend, we again see the case for outperformance.
|
|
Governor Perry Warjiyo in an interview with Reuters last month said that BI will take into consideration global market conditions and Indonesia's external balance when "considering the room for monetary policy to be more accommodative".
|
|
"We think a U.S. recession in 2020 will prevent any further normalization moves and instead push the ECB to more accommodative monetary policy in September 2020," noted Michel Martinez, chief economist for Europe at Societe Generale.
|
|
"Many FOMC participants judged at the time of our most recent meeting in June that the combination of these factors strengthens the case for a somewhat more accommodative stance of policy," Powell said in prepared remarks.
|
|
Meanwhile, spot gold gained 0.3 percent to $1,307.12 per ounce, as the dollar languished near two-week lows hit in the previous session on growing expectations the Fed would shift to a more accommodative policy stance.
|
|
Meanwhile, spot gold gained 0.1 percent to $1,304.86 per ounce, as the dollar languished near two-week lows hit in the previous session on growing expectations the Fed would shift to a more accommodative policy stance.
|
|
Meanwhile, spot gold rose 0.3 percent at $1,306.76 per ounce, as the dollar languished near two-week lows hit in the previous session on growing expectations the Fed would shift to a more accommodative policy stance.
|
|
Investors in Europe are likely to receive more clues this week on who will replace Mario Draghi, just days after the European Central Bank (ECB) president signaled that more accommodative policy could be on the way.
|
|
"I do believe our shifting to a more accommodative stance over the course of the year has been one of the reasons why the outlook has remained favorable," Powell said, citing reasonably strong U.S. economic data.
|
|
The data is the latest sign that expectations of a more accommodative U.S. central bank following comments by Fed chairman Jerome Powell last week had pushed investors into both safe haven bonds and riskier assets like stocks.
|
|
"The BOJ may be forced to take action if the yen comes under upward pressure, as European and U.S. central banks are leaning toward more accommodative monetary policies," said Takeshi Minami, chief economist at Norinchukin Research Institute.
|
|
"Most Committee members viewed that more accommodative monetary policy would foster the continuation of economic growth and the return of headline inflation to target in the context of heightened uncertainties mainly from external factors," the minutes said.
|
|
The benchmark index has gained 1.5% this week, continuing its strong run from June after the ECB and the U.S. central bank signalled more accommodative measures to counter the impact of a protracted U.S.-China trade war.
|
|
In the latest sign of how regulators are being more accommodative as policymakers emphasize the need to help economies grow, the Basel Committee of banking supervisors has eased its initial proposal for a hike in capital requirements.
|
|
But a Schulz-led government would take a more accommodative approach to euro zone peers trying to reform their economies than that championed by Schaeuble, who has raised the prospect of a Greek exit from the bloc.
|
|
In the latest sign of how regulators are being more accommodative as policymakers emphasise the need to help economies grow, the Basel Committee of banking supervisors has eased its initial proposal for a hike in capital requirements.
|
|
Analysts, however, saw signs that the RBI's new regime might be willing to be more accommodative than Rajan, a former chief economist of the International Monetary Fund, who had helped drag inflation down from double-digit levels.
|
|
The Fed took a more accommodative policy posture, signaling it will not hike interest rates this year in the face of a slowing economy, while announcing a plan to end its balance sheet reduction program by September.
|
|
The collapse triggered the worst monthly performance this year, but markets have since recouped most of their losses on hopes that the Federal Reserve would be more accommodative in the face of signs of slowing global economy.
|
|
With Osborne looking for a more accommodative attitude towards the banks, lawyers said they were not surprised that an internal candidate was chosen to head the PRA, which has taken pragmatic stance in its dealings with lenders.
|
|
LONDON, Sept 11 (Reuters) - The euro fell below $1.20 and German bond yields briefly dipped on Monday after comments from European Central Bank board member Benoit Coeure that monetary policy is likely to remain more accommodative for longer.
|
|
Even policymakers who did not write down a forecast for a rate cut this year believe "that the case for somewhat more accommodative policy has strengthened," Fed Chairman Jerome Powell said in a news conference following the meeting.
|
|
Hopes that the Fed would turn more accommodative to blunt the impact of escalating trade tensions have helped support stocks this week and put the S&P 25.60 on track for its first weekly gain since May 22.067.
|
|
Dovish words from the European Central Bank (ECB) this week have fueled speculation of more accommodative monetary policy if Italians reject constitutional reforms this weekend, but one economist has told CNBC that it might not be that simple.
|
|
Concern over the protracted trade war between the United States and China drove European stocks 6% lower in May, their worst performance in more than two years, and spurred bets that central banks worldwide would turn more accommodative.
|
|
The S&P 1073 is up 4.8% this week, putting it on pace for its best weekly gain since November, on rising expectations that the Fed would turn more accommodative to blunt the impact of escalating trade tensions.
|
|
The key for markets now is whether pledges for more accommodative policy, either monetary or fiscal or a combination of the two, are enough to assuage concerns about the state of the global economy and end fears of recession.
|
|
With global central banks shifting to a more accommodative monetary stance over recent months to fight growing economic pressure, traders and analysts say China will likely continue to provide stimulus as a trade dispute with the United States intensifies.
|
|
On Wednesday, the Fund said incoming data suggested that its expectations were on target for a modest pickup in growth in the second half of this year due to more accommodative monetary policy and economic stimulus measures in China.
|
|
"The ECB as well as the Fed are both about to move into a more accommodative monetary policy stance in the very near term," said Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets in New York.
|
|
He acknowledged that the European Central Bank disappointed markets last week by declining to launch additional monetary policy stimulus, but said central banks are likely to signal rates will be more accommodative in the next six to 12 months.
|
|
So that's not a source of strength and so from a risk management standpoint, it makes sense that you might think that we're a little bit more restrictive because of that and we need to be even more accommodative.
|
|
The data comes after a string of disappointing economic reports from around the globe, which showed that the global economy suffered from a protracted U.S.-China trade war that forced major central banks to take a more accommodative stance.
|
|
The Reserve Bank of Australia cut interest rates for the first time in three years earlier this week and other major central banks gave strong indications they were moving toward more accommodative policy as global trade risks threatened growth.
|
|
The data comes after a spate of disappointing economic reports from around the globe, which showed that the global economy suffered from a protracted U.S.-China trade war that forced major central banks to take a more accommodative stance.
|
|
The rally was also spurred by investor anticipation of a more accommodative Federal Reserve, as well as some likely short covering as fund managers named bearish bets in European equities as the "most crowded" trade for the first time.
|
|
The S&P 500 is up about 4.5% this week, putting it on pace for its biggest weekly gain since November on rising expectations that the Fed would turn more accommodative to blunt the impact of escalating trade tensions.
|
|
Clearly it can make financial conditions more accommodative, but also it has consequences potentially for bank profitability, and I think households wonder about what kind of a regime we're in if we're in a regime of negative interest rates.
|
|
In commentary he provided to the Joint Economic Committee, Powell reiterated a stance he outlined a few weeks ago that the Fed's moves this year toward more accommodative monetary policy have helped support an economy that continues to grow.
|
|
Nominal wages fell 2.23 percent, a combined performance so dire it drove the yen weaker in early May after the data came out, as investors bet Bank of Japan monetary policy might take a more accommodative path than expected.
|
|
"Looking at all significant stock market declines since 1994, we find that the Fed responds with more accommodative policy only when other financial conditions such as credit spreads also deteriorate substantially or when growth is below potential," the research said.
|
|
LONDON, Jan 18 (Reuters) - The British government's shift toward a more accommodative stance when it comes to regulating banks has left its financial watchdog between a rock and a hard place, with a bit of cack-handedness compounding the discomfort.
|
|
UNCONVENTIONAL POLICY The key for markets now is whether pledges for more accommodative policy, either monetary or fiscal or a combination of the two, are enough to assuage concerns about the state of the global economy and end fears of recession.
|
|
"Perhaps we'd have achieved maximum employment already if monetary policy had been more accommodative,' he said, adding that "by raising rates more quickly than called for by our symmetric framework, we ran the risk of overtightening and causing a recession.
|
|
Still, hopes that the Federal Reserve will be more accommodative to counter slowing economic growth had lifted the benchmark index to a record high last week, putting it on track to clock its best six-month performance since March 2012.
|
|
" Markets are pricing in the near certainty of a fed funds rate cut at the end of July because Fed members dropped the word "patient" from their June statement and added that the "case for somewhat more accommodative policy has strengthened.
|
|
A day after Cetinkaya took over the helm of the central bank last week, he trimmed the top end of the interest rate corridor by 50 basis points, in what some saw as a sign of more accommodative policy to come.
|
|
A sharp drop since then in the current account deficit and the broader shift by the U.S. Federal Reserve and European Central Bank to a more accommodative stance has helped stabilize the lira, which earlier this year briefly sold off again.
|
|
JAKARTA (Reuters) - Indonesia's central bank, which cut its benchmark interest rate for the first time in nearly two years earlier this month, has room for a more accommodative monetary policy as inflation remains low, Governor Perry Warjiyo said on Friday.
|
|
"A constant policy stance will become more accommodative, and the central bank can accompany the recovery by adjusting the parameters of its policy instruments – not in order to tighten the policy stance but to keep it broadly unchanged," Draghi said.
|
|
"BI will continue to monitor the global financial market conditions and external stability of Indonesia's economy when considering the room of monetary policy to be more accommodative, given inflation is low and the need to boost our domestic demand," said Warjiyo.
|
|
"If strong economic conditions can partially reverse supply-side damage after it has occurred, then policy makers may want to aim at being more accommodative during recoveries than would be called for under the traditional view," Ms. Yellen said on Friday.
|
|
Still the benchmark index is up about 3.5% in June on expectations that major central banks would be more accommodative to counter the impact of the tariff dispute that helped the STOXX 600 index recoup most of its steep losses in May.
|
|
The recent weakness in UK markets has been triggered by waning hopes of more accommodative policies from the Fed, and markets are keenly awaiting any hints on the magnitude of interest rate cuts from Fed Chair Jerome Powell's testimony later on Wednesday.
|
|
We can afford -- we would be well served to be a little more accommodative in the pursuit of getting inflation up, and it is well aligned with continuing to provide opportunities for people in the workforce that have struggled to find good opportunities.
|
|
In the press conference, Powell said that the FOMC intends its "mid-cycle adjustment" to "adjust policy to a somewhat more accommodative stance over time," language we see as consistent with our expectation that easing will end with a second 25bp cut.
|
|
"The natural assumption is that the stronger rate of economic growth that Europe is seeing gets translated into earnings for European companies, and it looks like their monetary policy is going to remain more accommodative for longer than in the UK," Lawler said.
|
|
However, with U.S. stocks now erasing their losses for the year, outright monetary easing by prominent , and a Fed that has signaled it may be more accommodative in its own monetary policies, the attention may now turn toward the health of corporate fundamentals.
|
|
European bonds also extended a strong rally which began after the European Central Bank surprised markets with a more accommodative monetary stance on March 21.085, adding to a growing belief that all major central banks are now looking to keep monetary conditions loose.
|
|
European bonds also extended a strong rally which began after the European Central Bank surprised markets with a more accommodative monetary stance on March 25, adding to a growing belief that all major central banks are now looking to keep monetary conditions loose.
|
|
"We did get some indication from the Bank of Canada at the last meeting that it was likely to become more accommodative in the meetings ahead, so that's also taking some of the starch out of the Canadian dollar as well," Goshko said.
|
|
Bets of a more accommodative Fed had been a major driving force that helped markets rebound from the slump in May, which was triggered by escalating trade tensions after President Donald Trump piled more pressure on China and threatened new tariffs on Mexico.
|
|
So maybe they are looking at not just what equities are doing but what Treasuries are doing and might not want to wait until data catches up to whatever the market signal is to get more accommodative or to have a policy response.
|
|
The bank added that if necessary, the committee will take additional steps toward making monetary policy even more accommodative to "support a process at the end of which inflation will stabilize around the midpoint of the target range, and to support economic activity".
|
|
The U.S. government has toughened its stance on the sale of companies to Chinese entities, at a time when Trump is trying to put pressure on China to help tackle North Korea's nuclear ambitions and be more accommodative on trade and foreign exchange issues.
|
|
The opinions expressed are his own) By James Saft March 16 (Reuters) - The backing away from deeper negative interest rates by the European Central Bank and the Bank of Japan may have tied the Federal Reserve's hands, leading it to strike a more accommodative tone.
|
|
"Together with announcements by the People's Bank of China (PBOC) that will ease credit conditions, and a more gradual shift in the monetary stance over the last two months, this represents a significant change towards more accommodative policy," analysts at Moody's said in a note.
|
|
Hopes that the Fed would turn more accommodative to blunt the impact of escalating trade tensions have helped the S&P 500 clock three straight sessions of gains and also put the benchmark index on track for its first weekly gain since May 3.
|
|
"Instead, a more accommodative overall stance would require the creation of a central fiscal capacity (CFC), which the monetary union needs to offset large, adverse country-specific shocks," the IMF said, referring to a politically very sensitive idea of creating a separate euro zone budget.
|
|
"We expect Powell to reiterate both the Fed's belief that the case for more accommodative monetary policy has strengthened and its commitment to ensuring the US economic expansion does not falter," Joseph Capurso, senior currency strategist at Commonwealth Bank of Australia, wrote in a note.
|
|
"If strong economic conditions can partially reverse supply-side damage after it has occurred, then policymakers may want to aim at being more accommodative during recoveries than would be called for under the traditional view that supply is largely independent of demand," Yellen said.
|
|
"There would be little room for the Federal Reserve to lower rates through large purchases of long-term Treasury securities - like it did to make conditions more accommodative in and after the Great Recession - if a recession occurred in this rate environment," Rosengren said.
|
|
" Holding the line on rates "would give the Committee time for a fuller assessment of the ongoing effects on economic activity of last year's shift to a more accommodative policy stance and would also allow policymakers to accumulate further information bearing on the economic outlook.
|
|
"Over the last six months we've had more challenges getting inflation to 2%, there's more uncertainty, the trade negotiations have been challenging, European and Chinese growth has been slowing, so it seems a more accommodative stance is a good one for the U.S.," he added.
|
|
Expectations that the Fed would turn more accommodative to blunt the impact of escalating trade tensions have set the S&P 500 to post its fourth straight sessions of gains and also put the benchmark index on track for its first weekly gain since May 3.
|
|
"A constant policy stance will become more accommodative, and the central bank can accompany the recovery by adjusting the parameters of its policy instruments – not in order to tighten the policy stance, but to keep it broadly unchanged," Draghi told an ECB conference in Sintra, Portugal.
|
|
The chances of the ECB sitting tight in September are "helped by the fact that monetary policy is still becoming more accommodative as the measures announced in March continue to be enacted and kick in," said Howard Archer, IHS Global Insight's chief European and U.K. economist.
|
|
"As the economy continues to recover, a constant policy stance will become more accommodative, and the central bank can accompany the recovery by adjusting the parameters of its policy instruments – not in order to tighten the policy stance, but to keep it broadly unchanged," Draghi said.
|
|
More generally, the Committee would be prepared to use its full range of tools, including altering the size and composition of its balance sheet, if future economic conditions were to warrant a more accommodative monetary policy than can be achieved solely by reducing the federal funds rate.
|
|
"The committee would be prepared to use its full range of tools, including altering the size and composition of its balance sheet, if future economic conditions were to warrant a more accommodative monetary policy than can be achieved solely by reducing the federal funds rate," she said.
|
|
"If we are to err, it is better to err on the side of being more accommodative than being more restrictive," Kashkari said in a statement released to explain his rationale for voting with all his Fed colleagues last week to keep U.S. interest rates steady.
|
|
The STOXX 600 index climbed 4.2% in June, which followed a sell-off in May that marked its worst monthly performance in over two years, on hopes that major central banks would be more accommodative to counter the negative effects of a trade war that has lasted for months.
|
|
The decline in inflation and a shift among the world's major central banks to a more accommodative policy stance has stemmed further losses in the lira this year and paved the way for the Turkish rate cuts, which are set to continue until year-end according to economists.
|
|
"The evidence strongly suggests that forward rate guidance and securities purchases — by substantially lowering borrowing costs for millions of American families and businesses and making overall financial conditions more accommodative — did help spur consumption and business spending, lower the unemployment rate, and stave off disinflationary pressures," she said.
|
|
A further cause for optimism is the globally synchronized pursuit of more accommodative monetary policy, Georgieva suggested, with 49 central banks around the world cutting rates a total of 71 times over the course of 2019, resulting in a half percentage point boost to global growth for 2019 and 2020.
|
|
Much of the rally, from what were the sharpest monthly declines in more than two years in May, has been spurred by signals from major central banks that they would take a more accommodative stance to offset the impact of a prolonged and bruising trade war between the United States and China.
|
|
Expectations of a more accommodative monetary policy promoted a strong rally in euro zone government bond yields on the date of the last ECB meeting on March 7, but it was talk of rate tiering which pushed German 10-year bund yields into negative territory for the time since 2016 two weeks later.
|
|
The expected Fed rate hike, along with a more accommodative stance from the European Central Bank after last week's policy meeting and an expectation for the Bank of England to stay on the sidelines because of political uncertainty, have helped the dollar fight off a wave of recent negative data on the U.S. economy.
|
|
The potential of further dollar weakness, along with more accommodative moves from the European Central Bank and Bank of Japan, which both hold negative interest rates, has been a boon for emerging markets so far this year, said Win Thin, global head of emerging market currency strategy at Brown Brothers Harriman in New York.
|
|
The nearly universal anticipation of a Fed rate hike along with a more accommodative stance from the European Central Bank after last week's policy meeting and an expectation for the Bank of England to stay on the sidelines because of political uncertainty has helped the dollar fight off a spate of recent negative data on the U.S. economy.
|
|
" The Fed said in a separate statement it is prepared to use a range of tools to steer the US economy, including changing its plans to normalize its balance sheet by size and composition, "if future economic conditions were to warrant a more accommodative monetary policy than can be achieved solely by reducing the federal funds rate.
|
|
"More accommodative monetary policy from the major central banks, including the Fed and ECB, could to some extent mitigate some of the pressures felt by the major emerging markets, but we don't think that will be sufficient to be prevent all the damage that could come from an escalation in trade tensions between the U.S. and China," he said on the sidelines of a conference.
|
|
Since the start of the year, Six noted in his report that global market turmoil had caused a "nosedive in financial conditions…(which) had taken some wind out of the euro zone economy" and although regional conditions had since improved – particularly due to what he called a "well-received" set of more accommodative measures from the European Central Bank – the euro zone relied too much on domestic consumption for growth.
|
|