Philip Chua Business Blog

Posts Tagged ‘policy’

The week in currency trading opened with markets poised for fresh risk appetite. With China back from vacation, the PBoC reiterated its pledge to maintain moderately loose monetary policy and proactive fiscal policy to support growth in an attempt to shape expectations following the reserve ratio increase just before the…

The FOMC minutes of the meeting on 27 January will be quite interesting because one member, Thomas Hoenig, dissented. He was not voting for higher rates, but against the policy commitment as expressed in the phrase “exceptionally low levels of the federal funds rate are warranted for an extended period”….

Following on from last week’s decision by the MPC to halt its programme of quantitative easing, attention will shift to the detail of its quarterly Inflation Report (published on Wednesday), which would have been a key input into the MPC’s deliberations. Key themes arising from the statement accompanying the policy…

A new fiscal and monetary policy is expected in 2010 and it will be crucial in determining currency market trends. In reality, a better economic picture in the United States, along with a stronger industrial activity, is testifying the end of the sharpest economic decline in four decades. The latest…

(SINGAPORE) The Monetary Authority of Singapore (MAS) is seeking sweeping new powers to seize insurers in distress and to supervise their liquidation to protect policyholders.
It also wants to raise the limits on the compensation offered by the policy owners’ protection fund (PPF) schemes for both life and general insurers, to better protect policy owners.
The PPF schemes were introduced in the In… more

Monetary policy ‘exit strategies’ are almost certain to be one of the dominant themes in 2010. Among the major developed country central banks, the ECB and Federal Reserve have already embarked on such strategies, although the latter continues to mull whether additional purchases of agency debt and MBS will be…

This week sees a particularly busy calendar in the UK, featuring the Chancellor’s Pre-Budget Report (PBR) and the latest Monetary Policy Committee (MPC) meeting. We look for Bank Rate to remain on hold at 0.5% while the MPC continues with its £200bn programme of asset purchases. The PBR, meanwhile, will…

It is time to withdraw some of the policy measures that supported the financial system through the credit crunch, ECB President Jean-Claude Trichet says.







European Central Bank – Jean-Claude Trichet – Business – Financial Services – Banking Services

The government watchdog overseeing economic stimulus spending said Thursday that, in its rush to take credit for saving hundreds of thousands of jobs, the Obama administration was overly confident in its job-counting.







White House – Job creation program – Employment – Fiscal policy – United States

The key focus in the UK will be the publication of the MPC’s minutes of the November policy meeting. Although the tone will draw heavily from the points already made in last week’s Inflation Report, the debate ahead of the minutes will centre on whether the decision to extend the…