Recent Posts in ‘Economy & Business’
Monetary Policy Week in Review – May 18, 2013: Israel, Turkey, Serbia cut, five hold as BOJ easing reverberates
This week eight central banks took policy decisions with three banks cutting rates (Israel, Serbia and Turkey) and five leaving rates on hold (Indonesia, Iceland, Russia, Latvia and Chile) as the Bank of Japan’s (BOJ) monetary easing continues to impact monetary policy decisions worldwide. This week’s rate reduction by Israel and Turkey brings it to a total of five rate cuts in reaction
Protect Your Move – Understanding Moving Insurance
Moving insurance is more valuable than many people may think. No matter how careful you are or how good your movers are accidents are known to happen. Remember, accidents happen. It could be anything from a dropped box to an accident while transporting your belongings. These are things many people don’t plan for, but if
Monetary Policy Week in Review – May 11, 2013: 8 banks cut rates by 550 bps as BOJ easing ripples through world
Last week 16 central banks took policy decisions with a record eight banks cutting rates by a total of 550 basis points as the Bank of Japan’s (BOJ) monetary easing looks to become a watershed event in global monetary policy by opening a new front in the currency wars. Only weeks after the Group of
Canada holds rate, sees stimulus for “a period of time”
Canada’s central bank kept its target for the benchmark overnight rate steady at 1.0 percent, as widely expected, and said the current “considerable monetary stimulus currently in place will likely remain appropriate for a period of time, after which some modest withdrawal will likely be required.” The Bank of Canada’s (BOC) statement signals that it
Monetary Policy Week in Review – Apr 13, 2013: Markets digest BOJ easing as 7 central banks hold rates and 1 cuts
Last week eight central banks took policy decisions with only one (Mongolia) cutting its rate while the other seven banks (Poland, South Korea, Indonesia, Serbia, Chile, Peru and Pakistan) kept rates on hold as markets continued to digest the Bank of Japan’s unprecedented monetary easing. Singapore’s Monetary Authority, which uses the exchange rate rather than
Monetary Policy Week in Review – Apr 6, 2013: BOJ shows central bankers are still willing to take bold, creative steps
Three new chapters in the history of monetary policy were opened this week, showing that central bankers remain fearless, creative and willing to take bold steps to revive economic growth. The main example was the Bank of Japan’s embrace of large-scale asset purchases as a way to banish deflation. However, the Central Bank of Hungary’s effort
Canada holds rate steady, signals no imminent tightening
The Bank of Canada (BOC) held its target for the benchmark overnight rate steady at 1.0 percent, as expected, but said a tightening of its policy stance was less imminent than previously expected due to a more muted outlook for inflation and slower growth in household credit. The BOC, which has maintained a tightening stance
BOE holds rate steady, maintains asset purchase target
The Bank of England (BOE) held its official Bank Rate paid on commercial bank reserves steady at 0.5 percent, as widely expected, and maintained its target for asset purchases at 375 billion pounds. The BOE, which has not changed its benchmark interest rate since March 2009, did not make any further comments in its brief
Ten Financial Lessons Hurricane Sandy Taught Me about Money
Hurricane Sandy left a lot of things devastated. Many people are still going through the aftereffects, trying to recover from the slump. It caused a huge loss to the economy, ruining houses and industries. However, at the same time it taught a lot of lessons too. Given below are ten lessons the destructive hurricane taught me. 1. Save