Page 4 - November Statement News Today

26 Feb in 15:20 American journalist Patrick Lancaster released a video of a rally of Armenian soldiers parents near the Armenian Defense Ministry building, asking not to send their children to the Russian peacekeepers zone of responsibility in Azerbaijan. Lancaster said a group of Armenian conscripts was recently sent to Khankendi through the Lachin corridor under the guise of technical cargo. Everyone with whom the journalist speaks in this video says the same thing: we do not want our childr...

Press Release – The Reserve Bank of New Zealand The Monetary Policy Committee agreed to maintain the current stimulatory level of monetary settings in order to meet its consumer price inflation and employment remit. The Committee will keep the Official Cash Rate (OCR) at 0.25 percent, and the Large … The Monetary Policy Committee agreed to maintain the current stimulatory level of monetary settings in order to meet its consumer price inflation and employment remit. The Committee will keep...

MacroBusiness Access Subscriber Only Content Via Bill Evans at Westpac: Markets are closely scrutinising the next moves from the RBA. It is important to recall that the key lesson of recent years for central banks and the likely current thinking of the RBA as expressed last year by the Deputy Governor is that it is better to err on the side of providing too much stimulus – even more so when exiting a damaging recession which has left the unemployment rate at unacceptable levels (albeit not as...

MacroBusiness Access Subscriber Only Content Via George Tharenou at UBS: RBA still expected to extend QE, but what if they taper? The materially better-than-expected Australian domestic data flow (amid ~zero local COVID-19 cases) has raised speculation that the RBA will not extend its $100bn QE program beyond the scheduled end in Apr-2021, and may even also remove its 3-year YCC target early in 2021. However, such a ‘hawkish’ shift is still not the UBS base case. Instead, we continue to e...