Category Archives: ANNOUNCEMENTS

Economists are expected the Federal Reserve to change their language regarding monetary policy and let go of their previous pledge to keep interest rates low for a “considerable time.” According to 68% of economists surveyed by Bloomberg News, the US central bank is likely to make use of the term “patient” when describing its intentions for monetary policy going forward. The Federal Open Market Committee, which meets starting today until tomorrow, is seen to hike up its interest rates in the middle of 2015. Officials of the bank are currently discussing the timing of when to tighten its policies are… Read More »

Governor Haruhiko Kuroda from the Bank of Japan (BoJ) surprised markets after unexpectedly expanding its stimulus program which raised up stocks and depreciated the yen. Five out of eight board members of the BoJ, including Kuroda, voted to increase the central bank’s yearly target monetary base from the original 60 trillion to 70 trillion yen to 80 trillion yen or $724 billion. According to the BoJ, it will buy additional exchange traded funds in order to increase its outstanding amounts by 3 trillion yen each year. Only three out of the 32 analysts polled by Bloomberg News had expected an… Read More »

Latest Purchasing Managers Index (PMI) results show that the manufacturing industries of countries in Europe and Asia performed below expectations during the past month to dampen growth outlook in the region. The PMI is an economic indicator that is usually done through a survey that assesses and monitors the activity level of factories in areas such as new orders and output. Scores above 50 indicate that the industry is expanding while those that fall under 50 indicate a contraction. In the UK, the Markit/Cips PMI fell to its lowest level in 14 months of 52.5 to indicate a slowdown in… Read More »