Tag: easing

Australia central bank holds interest rates, signals easing ahead

FILE PHOTO: A worker delivering parcels pushes a trolley past the Reserve Bank of Australia building in central Sydney, Australia, March 7, 2017. REUTERS/David Gray

SYDNEY (Reuters) – Australia’s central bank left its cash rate at a record low on Tuesday but hinted at further monetary easing to bolster the coronavirus-hit economy, which is suffering its worst contraction since the Great Depression.

The Reserve Bank of Australia (RBA) kept the rate unchanged at 0.25%, as widely expected in a Reuters poll, and at the level it has stood since an emergency cut in mid-March.

“The Board views addressing the high rate of unemployment as an important national priority,” RBA Governor Philip Lowe said in a statement announcing the outcome of the policy meeting.

“The Board continues to consider how additional monetary easing could support jobs as the economy opens up further.”

The government is due to release its budget on

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Australia’s central bank keeps rate steady, signals easing ahead

A pedestrian wearing a face mask walks past the Reserve Bank of Australia (RBA) building, during a partial lockdown imposed due to the coronavirus, in Sydney, Australia, on Monday, May 18, 2020.

David Gray | Bloomberg | Getty Images

Australia’s central bank left its cash rate at a record low on Tuesday but hinted at further monetary easing to bolster the coronavirus-hit economy, which is suffering its worst contraction since the Great Depression.

The Reserve Bank of Australia (RBA) kept the rate unchanged at 0.25%, as widely expected in a Reuters poll, and at the level it has stood since an emergency cut in mid-March.

“The Board views addressing the high rate of unemployment as an important national priority,” RBA Governor Philip Lowe said in a statement announcing the outcome of the policy meeting.

“The Board continues to consider how additional monetary easing could support jobs as the economy opens

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Wedding vendors expect more business with easing of restrictions, but not all couples scaling up receptions

SINGAPORE: Wedding planners, hotels and other venues are expecting a boost in business with the recent announcement that COVID-19 restrictions would be eased.

From Oct 3, up to 100 people – including the couple but excluding vendors and service providers – will be allowed to attend wedding ceremonies and receptions, double the current limit of 50.

The 100 attendees must be separated into multiple zones of up to 50 people each, or split by staggered timings with up to 50 people in each slot.

READ: COVID-19 restrictions eased further on worship services, wedding receptions; up to 100 attendees allowed

Wedding planners CNA spoke to said they expect to get more enquiries over the next few weeks, since couples have “a greater level of certainty” to proceed with their weddings. 

“Previously, many couples were in limbo on whether to proceed with their wedding planning as they are worried that

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NZ Central Bank Holds Rates but Hints at Further Easing | Investing News

WELLINGTON (Reuters) – New Zealand’s central bank held its official cash rate at a record low on Wednesday but hinted at further easing and warned the economy may need support for a long time as the world grapples with the coronavirus pandemic.

The decision to hold the Official Cash Rate (OCR) at 0.25% was in line with the unanimous expectations of economists in a Reuters poll.

However, the RBNZ’s warning of job losses and business closures in its commentary cemented expectations that it would move to negative rates, which sent the New Zealand dollar down 0.3%.

“The Reserve Bank of New Zealand continued to set the stage for negative rates today and we think the OCR will be cut into negative territory early next year,” said Ben Udy, analyst at Capital Economics.

The bank also retained its large scale asset purchase (LSAP) programme at NZ$100 billion ($66.2 billion), as announced

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New Zealand central bank holds rates but hints at further easing

By Praveen Menon

WELLINGTON (Reuters) – New Zealand’s central bank held its official cash rate at a record low on Wednesday but hinted at further easing and warned the economy may need support for a long time as the world grapples with the coronavirus pandemic.

The decision to hold the Official Cash Rate (OCR) at 0.25% was in line with the unanimous expectations of economists in a Reuters poll.

However, the RBNZ’s warning of job losses and business closures in its commentary cemented expectations that it would move to negative rates, which sent the New Zealand dollar down 0.3%.

“The Reserve Bank of New Zealand continued to set the stage for negative rates today and we think the OCR will be cut into negative territory early next year,” said Ben Udy, analyst at Capital Economics.

The bank also retained its large scale asset purchase (LSAP) programme at NZ$100 billion ($66.2

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