Comments crossing the wires from Federal Reserve vice chair Stanley Fischer. The comments are from the text of a speech he to deliver in Cambridge, Massachusetts (the Martin Feldstein Lecture at the National Bureau of Economic Research): Says adding a … Continue reading
The ECB’s Nowotny spoke with Bloomberg: No need for further ECB action in near future ECB is trying to develop ABS purchase plan Should agree on or drop ABS plan by year end Will stick with forward guidance amid low … Continue reading
The Fed’s George granted an interview to Dow Jones shortly after her speech today: Anxious to work toward process of policy normalization Formulas that guide interest rate changes point to liftoff from zero as early as this year Concerned about … Continue reading
The FT reports that the Fed is exploring an overhaul of the Fed funds rate: According to people familiar with the discussions, the Fed could redefine its main target rate so that it takes into account a wider range of … Continue reading
Highlights from Kansas City Fed President Esther George who spoke in Oklahoma: US economy’s performance has been muted 6.1% not far from some views of full employment Home sales are starting to take off again Labor demand signs bode well … Continue reading
Reuters reports that Banco Espirito Santo has capital buffers that are big enough to deal with potential debt defaults by shareholder Groupo Espirito Santo Reuters is citing unnamed sources but 15 minutes ago they were citing the Bank of Portugal … Continue reading
Portugal’s central bank says the solvency of embattled bank Banco Espirito Santo is “solid” and that steps have been taken to avoid contagion from Grupo Espirito Santo, which is its largest shareholder and missed a debt payment today. The story … Continue reading
Says the ECB isn’t respecting its mandate Euro area deflation risk is dangerous Translation = Moar policy please to lower the exchange rate.
QE unchanged at £375bn Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion 10 July 2014 The Bank of England’s Monetary Policy Committee at its meeting today voted to maintain … Continue reading
So says Bank of Italy governor Ignazio Visco Italian banks could draw in excess of $200bn from TLTRO’s ECB ready to consider new measures after TLTRO’s including acquisitions of assets on large scale Expects NPLS to fall by €5bn after … Continue reading
Central banks play a critical role in forex market trading by changes in policy that can impact money flows. The U.S. Federal Reserve Bank and others often purchase assets in the open market and directly impact interest rates through quantitative easing. Central banks can change expectations and decisions on interest rates banking institutions lend to each other depend on each country's economic outlook. Get the most updated real-time central bank news from the United States, the U.K. the Euro zone, Africa, the Americas and Asia daily at ForexLive.com. See the ForexLive.com economic calendar and find the most relevant economic data events that can impact currency pairs you trade. Central Bank decisions can move markets, be the first to know by checking our real-time forex updates daily.