Breaking News

  • Policy rate to remain at 19%

    September 16, 2014 | 03:48 pm

    There are strong sentiments and optimism among financial sector players that the Monetary Policy Committee (MPC) of the Bank of Ghana will keep the policy rate at 19% as a response to recent instability in the forex market, which largely spiked inflationary pressures.

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  • TREASURIES-U.S. prices inch up before Fed policy comments

    September 16, 2014 | 03:26 pm

    * Fed policy-shift worries ease (Adds late prices, market details and quotes) Treasury debt prices inched up on Tuesday as investors in global markets throttled down fears that Federal Reserve policymakers meeting in Washington will soon undo America's ultra loose monetary policy. After surrendering bigger price gains, driven in part by an independence referendum on Thursday in Scotland, yields ...

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  • Roller-coaster debate over new Fed tool may get resolved this week

    September 16, 2014 | 02:43 pm

    Federal Reserve officials will rewrite their strategy for normalizing monetary policy this week given signs that a roller-coaster debate over a new tool for controlling interest rates is nearing its resolution. Many Fed officials, economists and financial market participants once believed the so-called overnight reverse repurchase facility, which has been tested for a year, would become the main ...

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  • Coach Yellen’s game plan

    September 16, 2014 | 07:45 am

    This week, the Federal Reserve's panel of policymakers meets and has a chance to adjust its monetary policy playbook. And once the other members of the Federal Open Market Committee hit the showers, their coach -- Fed Chair Janet Yellen -- will speak with reporters.

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  • Bank of Ghana committee likely to hold policy rate: Reuters poll

    September 16, 2014 | 02:42 am

    ACCRA (Reuters) - Bank of Ghana's rate setting committee will keep its policy rate at 19.0 percent this week on an expected foreign exchange liquidity boost, despite inflation surging above target, a Reuters poll showed on Monday. Twelve out of 14 economists polled about Wednesday's rate announcement expect the bank's Monetary Policy Committee (MPC) to hold the rate as recent Eurobond and cocoa ...

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  • US Fed to tweak message in policy meeting

    September 15, 2014 | 05:31 pm

    The US Federal Reserve is expected to maintain its slow march toward a normal monetary stance in its policy meeting this week. After the surprisingly poor jobs market report for August, pressure has alleviated somewhat on the Federal Open Market Committee from so-called inflation hawks to move soon to raise interest rates. "We expect the FOMC to have a moderately hawkish tone at its 16-17 ...

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  • Weidmann: Monetary policy has 'reached its limits'

    September 15, 2014 | 03:58 pm

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  • MPC expected to hold interest rate until next year

    September 14, 2014 | 01:13 pm

    The Monetary Policy Committee will hold its policy interest rate at 2 per cent until next year, as the economy is still in early stages of recovery, while fiscal policy will play the stimulus role and monetary policy will take care of price stability until the expected rate hike, according to experts.

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  • BSP seen to maintain ‘hawkish’ stance

    September 14, 2014 | 12:53 pm

    After the Bangko Sentral ng Pilipinas (BSP) announced its twin monetary tightening moves last week, most economists now believe that the central bank will maintain its "hawkish" stance and may even raise key rates in the near term.   Last week, the central bank hiked the overnight policy rates and special deposit account (SDA) rates by 25 basis points. Economists from JP Morgan, Barclays, ANZ ...

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  • Fed to tweak message in policy meeting: analysts

    September 13, 2014 | 09:50 pm

    The Federal Reserve is expected to maintain its slow march toward a normal monetary stance in its policy meeting Tuesday and Wednesday. After the surprisingly poor jobs market report for August, pressure has alleviated somewhat on the Federal Open Market Committee from so-called inflation hawks to move soon to raise interest rates. "We expect the FOMC to have a moderately hawkish tone at its 16 ...

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