News list for "governing"
ECB Governing Council member Eskriva said he sees no reason to adjust interest rates and expects monetary policy to remain stable for the foreseeable future. The ECB left its policy rate unchanged on Thursday and raised some of its growth and inflation forecasts, a move that could close the door for further rate cuts in the near future. In an interview, Eskriva was asked about the next possible rate move, saying: "We don't know, but we are open to any change in either direction if necessary, but...
According to an internal memo, the Federal Reserve plans to cut the size of its banking supervision department by 30% by the end of next year, marking a shift to a looser track in US financial regulation and echoing the Trump administration's administration philosophy of reducing the scale of supervision. Click to view
Japan is about to get its first female prime minister. The Liberal Democratic Party and the Restoration Association will officially sign a coalition agreement on Monday night. The conservative representative Takaichi Sanae has locked in the position of prime minister. The Nikkei 225 index broke through 49,000 points for the first time in history. Click to view
On October 18th, a number of Japanese media reported on the 18th that the ruling Liberal Democratic Party and the Japan Restoration Council, one of the main opposition parties, have reached a consensus on coalition governance and are expected to sign relevant agreements on the 20th. Kyodo News and other Japanese media quoted senior figures from the two parties as saying that the Liberal Democratic Party has agreed to accept the conditions proposed by the Japan Restoration Council to reduce the n...
European Central Bank Governing Council Villeroy: The downside risks to inflation outweigh the upside risks.
European Central Bank Governing Council Villeroy: The next step is more likely to cut interest rates than to raise interest rates.
Instead of saying whether he was a hawk or a dove, Mr. Sleepen, the ECB's governing board member, said "price stability is my job". "The ECB has a very clear mandate, which is to stabilise prices," he said. "That is the most important thing for me and I am committed to monetary policy consistent with that." Mr. Sleepen did not commit when asked whether the ECB's deposit rate would remain at 2 per cent for now, as investors and most economists expect. (Kim 10)
Jean-Claude Villeroy, the governor of the Bank of France and the governing body of the European Central Bank, joined global policymakers in warning of the White House's attack on the US Federal Reserve. "We Europeans must defend the independence of our central banks against the serious backsliding of the Trump administration," he said in Vienna. "Independence is not an obstacle to achieving reasonably low interest rates. On the contrary, it is a prerequisite for achieving reasonably low interest...
Rehn, the governing council of the European Central Bank, said that since inflation has reached 2%, there is no need for a "precautionary rate cut". (Golden Ten)
European Central Bank Governing Council Holtzmann: There is reason to cut interest rates again. (Golden Ten)
