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Last updated on April 19, 2014 at 21:20 EDT

Latest Monetary policy Stories

2013-01-22 12:26:06

NEW YORK, Jan. 22, 2013 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that the interest rate on a 6 month CD decreased 0.01 percent over the previous week based on data collected from over 90,000 financial institution locations. (Logo: http://photos.prnewswire.com/prnh/20130102/NY35868LOGO-b ) Bank deposits rates remain at historically low levels, as the Federal Reserve has kept its target range for the...

2013-01-17 16:22:18

TORONTO, Jan. 17, 2013 /CNW/ - The C.D. Howe Institute's Monetary Policy Council (MPC) today recommended that the Bank of Canada maintain its target for the overnight rate, the very short-term interest rate the Bank targets for monetary policy purposes, at 1.00 percent at its next announcement on January 23, 2013. The Council further called for the Bank to hold the target at 1.00 through mid-year, recommending a target of 1.25 percent by January of 2014. The MPC is a C.D. Howe...

2012-12-28 05:03:14

In the latest edition of their “Best Interest Rates in Every State” series, http://www.GoBankingRates.com, gathers and analyzes data on deposit rates in Ohio to investigate how locally-offered CD and savings accounts compare to national averages. Findings in the report prove valuable for Ohio depositors seeking to further their savings goals, as Ohio interest rates top national averages for savings account as well as 6-month, 1-year and 2-year certificates of deposits. El...

2012-12-13 12:22:07

TORONTO, Dec. 13, 2012 /CNW/ - Ottawa must move carefully in deciding the best role for the Bank of Canada in preventing threats to financial stability, according to a report released today by the C.D. Howe Institute. In "Seeking Financial Stability: The Best Role for the Bank of Canada," former Bank of Canada Governor John Crow assesses how much of a role the Bank should play in this new policy front. Since the 2008/09 financial crisis, notes Crow, each G-20 country has had a...

2012-11-21 08:22:35

Data for October 2012 NEW YORK, Nov. 21, 2012 /PRNewswire-USNewswire/ -- Center for Financial Stability (CFS) money supply data for October 2012 suggests that the economy has bottomed. However, below potential growth remains vulnerable to the upcoming fiscal cliff. Participants in the financial economy continue to seek safety in insured institutions. In contrast, the shadow banking system has been hit hard. "The shadow banking system is vital to corporations and the overall...

2012-11-20 08:25:23

KYIV, Ukraine, November 20, 2012 /PRNewswire/ -- Effective management of the financial sector allows Ukrainian authorities to hold inflation. Experts from the National Bank of Ukraine stated this conclusion in the report "major trends of the monetary market in October 2012," published recently. "The monetary policy of the National Bank of Ukraine in October contributed to the support of price stability in the country. In particular, at the end of the month the consumer...

2012-10-15 07:25:20

NEW DELHI, October 15, 2012 /PRNewswire/ -- * Seventh round of survey shows optimism tempered with caution over the implementation of economic changes * 47% of 500 Indian CEOs/CFOs surveyed foresee better prospects for their companies in the next quarter (October-December) * Half the survey respondents believe availability of finance will ease in the October-December quarter Respondents to Business Today's Business Confidence Survey for the July-September...

2012-09-19 02:26:40

U.S. Data for August 2012 NEW YORK, Sept. 19, 2012 /PRNewswire-USNewswire/ -- Today, Center for Financial Stability (CFS) money supply data for August 2012 highlight distortions from fiscal policy and weakness in the financial system. CFS Divisia M4 (DM4) for August advanced by 3.4% on a year-over-year basis. However, the performance of the broadest money supply measure was clouded by large issuance of Treasury bills to fund the budget deficit. The broad money supply excluding...

2012-09-18 02:24:56

CHESTER, England, September 18, 2012 /PRNewswire/ -- - No easy-access savings accounts now beat inflation - Basic-rate taxpayers need a rate of 3.14 per cent to gain benefit in real terms, increasing to 4.18 per cent for higher-rate taxpayers - With falling savings rates, savers need to be quick to protect against inflation Today's announcement by the Bank of England that The Consumer Price Index (CPI) has fallen from 2.6...

2012-09-16 22:21:26

LONDON, September 17, 2012 /PRNewswire/ -- So there's not enough money in the economy, unemployment is far too high, interest rates are at near 0%, everyone is dejected and conventional measures have run out of ammo, "time for another round of Quantitative Easing", some may say. But what exactly is Quantitative Easing (QE) and why should we care? Investopedia defines Quantitative Easing as "a government monetary policy occasionally used to increase the money supply by...