Carney Seeks to Keep Low-Rate Outlook as BOE Holds Policy

“Bank of England Governor Mark Carney and his colleagues are debating how they can reflect the strength of the U.K. economy in their forecasts without suggesting that interest rates are about to go up. Officials are compiling a new quarterly economic outlook, due to be published next week, and reviewing how to guide expectations after […]

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Central Banks Split on Stimulus in 2014 as Fed Tapers

The united stimulus front of central banks is starting to splinter as 2014 dawns. The Federal Reserve — soon to be led byJanet Yellen, confirmed today by the Senate as the next chairman — begins pulling back on its quantitative easing amid stronger U.S. growth, and the Bank of England is trying to cool its housing market. […]

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BOE Sees Case for Keeping Record-Low Rate Beyond 7% Jobless

Bank of England officials voted unanimously to keep policy unchanged this month and said a record-low interest rate may be needed even after unemployment falls to the threshold set under forward guidance. “There were uncertainties over the durability of the recovery,” the Monetary Policy Committee said in the minutes of its Nov. 6-7 meeting, published in London today. “With the […]

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Central Banks Drop Tightening Talk as Easy Money Goes On

The Bank of Canada’s dropping of language about the need for future interest-rate increases and today’s decisions by central banks in Norway, Sweden and the Philippines to leave their rates on hold unite them with counterparts in reinforcing rather than retracting loose monetary policy. The Federal Reserve delayed a pullback in asset purchases, while emerging markets from Hungary to Chile cut […]

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BOE Leaves Policy Unchanged as Carney’s Guidance Assessed

“Bank of England officials left their bond-buying program unchanged today as they assessed the impact of Governor Mark Carney’s forward guidance policy to keep interest rates low amid a strengthening economic recovery. The Monetary Policy Committee, after meeting for the first time since introducing guidance last month, held the target for asset purchases at 375 […]

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Fed Officials Rebuff Coordination Calls as QE Taper Looms

“Federal Reserve officials rebuffed international calls to take the threat of fallout in emerging markets into account when tapering U.S. monetary stimulus. The risk that the Fed’s trimming of bond buying will hurt economies from India to Turkey by sparking an exodus of cash and higher borrowing costs was a dominant theme at the annual […]

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