Philip Chua Business Blog

Posts Tagged ‘statement’

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…

The USD is trading mixed gaining versus the JPY and Europe and weakening versus the commodity currencies, the Euro was pressured by a statement from the ECB’s Stark that the EU may not bail Greece out of its deficit problems and GBP pressured by report of unexpected decline in UK…

At this week’s meeting, the FOMC will probably leave the fed funds rate close to zero. Furthermore, the statement is likely to reiterate that rates are set to remain at extraordinarily low levels for an extended period. In his latest speech, Fed president Bernanke stated that the recovery would continue…

The Federal Reserve’s open market committee (FOMC) is expected to follow the recent decisions by the ECB, BoJ and BoE and keep interest rates pegged at a record low of 0-0.25% on Wednesday. However, in the accompanying press statement, financial markets will also be looking for confirmation that the FOMC…

STOCK investors usually welcome low interest rates, but not this time. If anything, the US Federal Open Market Committee’s latest policy statement has reinforced concerns over the unsteady pace of the global economic recovery. The Federal Reserve reiterated after its meeting on Wednesday that it would keep interest rates near zero for ‘an extended period’ and specified for the first time that poli… more

THE move by the Singapore Exchange (SGX) to change its clearing and settlement system for shares traded here is on hold after a systems glitch.
It has postponed the implementation of the proposed changes until a date yet to be announced, the bourse operator said in a statement yesterday.

Last month, SGX outlined changes to the Central Depository (CDP) settlement processes and penalty framework -… more

AFTER coming in at zero per cent this year, inflation is likely to pick up again next year, on the back of higher oil and food prices.
The Monetary Authority of Singapore (MAS) has flagged these two factors as the main drivers of inflation next year, predicting it will rise to 1 per cent to 2 per cent.
In its twice-yearly monetary policy statement yesterday, the central bank also said inflation is… more

The financial media was all atwitter over USD weakness this past week, but the buck managed to hang on despite reports of its imminent demise. The greenback got off to a weak start after a less than supportive G7 statement retained the same language on FX as the April communiqué,…

In a clear shift of the policy bias, the August RBA Board meeting Statement replaced the phrase in the all important final paragraph “some scope for further easing of monetary policy” that was in the July Statement, with “the present accommodative setting of monetary policy is appropriate”. That shift from…

The Fed is widely expected to keep interest rates unchanged at current low levels, but its post-meeting statement could provide clues on its view of the US economy and how rapid any recovery will be.
STOCKS here fell yesterday as investors turned cautious ahead of the US Federal Reserve board’s monetary policy statement at the end of its two-day meeting that began on Tuesday.
Locally, the Straits … more