U.S. economy expanded at a modest pace with job gains slowing somewhat and inflation remaining stable or slightly weaker
inflation has been running below the Federal Open Market Committee's (FOMC) symmetric 2 percent objective, and crosscurrents, such as trade tensions and concerns about global growth, have been weighing on economic activity and the outlook.
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent.
Canada policy makers will keep the benchmark overnight rate at 1.75% in a decision at 10 a.m. in Ottawa,
Reserve Bank of Australia decided to lower the cash rate by 25 basis points to 1.00 per cent.
New Zealand the Official Cash Rate (OCR) remains at 1.5 percent
Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.
Speech by Mario Draghi, President of the ECB, ECB Forum on Central Banking, Sintra, 18 June 2019
Whether he likes it or not, he’ll have to tip the scale of rate-cut expectations. Plus, Austrian century bonds, “Red Flags” and sell-side quirks.
Bank of Australia Board decided to lower the cash rate by 25 basis points to 1.25 per cent.