monetary policy

USA’s Monetary Policy and GDP Review

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US Federal Reserve Monetary Policy release with Meeting schedules of 2017

US Economic or GDP growth rates of last 4 quarters
Brought to you by #JhunjhunwalasFinance

Japan Monetary Policy Review

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#Japan #MonetaryPolicy Review
#BOJ Bank of Japan last Changed its #DepositRate to -0.1%
on 29th January 2016
Next Monetary Policy Meet on 20th & 21st December 2016.

Brought to you by #Jhunjhunwalasfinance

India’s Forex Reserves : Foreign Exchange Reserves update of India for last 2 weekends 16th and 23rd May 2014

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Foreign Exchange Reserves of India update
Foreign Exchange Reserves of India update
Foreign Exchange Reserves of India update
Foreign Exchange Reserves of India update

 

 

#India’s #ForexReserves : #ForeignExchangeReserves for last 2 weekends 16th and 23rd May 2014.

India’s Foreign Exchange Reserves at US Dollar 312.6 Billion plus compared to US Dollar 314.9 Billion as on 23rd May 2014 week on week.

#IndiaForeignExchange reserves consist of 91.33% #ForeignCurrencyAssets , 6.71% #GoldReserves, 1.42% #SDRs and 0.54% #IMFReserve.

Latest Data Released by India’s Central Bank #RBI #ReserveBankofIndia on 23rd May 2014.

1 or One Billion United States Dollar is currently around 5900 Crores in Indian Rupee terms currently

#IndiaForeignExchangeReserves #IndiaForexReserves

Foreign Exchange Reserves of India update

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Foreign Exchange Reserves of India update
Foreign Exchange Reserves of India update
Foreign Exchange Reserves of India update Infographic
Foreign Exchange Reserves of India update Infographic
Foreign Exchange Reserves of India update Infographic
Foreign Exchange Reserves of India update Infographic

 

India’s Forex Reserves : Forex Reserves with breakup of each component Foreign Currency Assets, Gold Reserves, SDRs IMF Reserve Positions and their % share in total Forex Reserves..

India’s Foreign Exchange Reserves at US Dollar 311.85 billion plus as on 2nd May 2014 with week on week comparison. India’s Foreign Exchange reserves consist of 91.25% Foreign Currency Assets , 6.72% Gold Reserves, 1.44% SDRs and 0.59% IMF Reserve.

India’s Foreign Exchange Reserves at US Dollar 309.91 billion plus as on 25th April 2014 with week on week comparison. India’s Foreign Exchange reserves consist of 91% Foreign Currency Assets , 6.96% Gold Reserves 1.45% SDRs and 0.59% IMF Reserve.

India’s Foreign Exchange Reserves at US Dollar 309.41 billion plus as on 18th April 2014 with week on week comparison. India’s Foreign Exchange reserves consist of 90.99% Foreign Currency Assets , 6.97% Gold Reserves, 1.45% SDRs and 0.59% IMF Reserve.

Latest Data Released by India’s Central Bank #RBI #ReserveBankofIndia on 9th May 2014

1 or One Billion United States Dollar is currently around 6100 Crores in Indian Rupee terms currently

#IndiaForeignExchangeReserves #ForexReserves

Foreign Exchange Reserves of India update

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Foreign Exchange Reserves of India update
Foreign Exchange Reserves of India update

 

Foreign Exchange Reserves of India update
Foreign Exchange Reserves of India update

 

India’s Forex Reserves : Forex Reserves with breakup of each component Foreign Currency Assets,  Gold Reserves, SDRs IMF Reserve Positions and their % share in total Forex Reserves..

India’s Foreign Exchange Reserves at US Dollar 309.41 billion plus as on 18th April 2014 with week on week comparison. India’s Foreign Exchange reserves consist of 90.99% Foreign Currency Assets , 6.97% Gold Reserves, 1.45% SDRs and 0.59% IMF Reserve.

India’s Foreign Exchange Reserves at US Dollar 309.91 billion plus as on 25th April 2014 with week on week comparison. India’s Foreign Exchange reserves consist of 91% Foreign Currency Assets , 6.96% Gold Reserves 1.45%  SDRs and 0.59% IMF Reserve.

Latest Data Released by India’s Central Bank #RBI #ReserveBankofIndia on 2nd May 2014

1 or One Billion United States Dollar is currently around 6100 Crores in Indian Rupee terms currently

#IndiaForeignExchangeReserves #ForexReserves

 

Peru Central Bank holds rate, makes reserve requirements more flexible

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Peru’s central bank maintained its policy rate at 4.25 percent as inflation remains within the bank’s target range and economic growth is close to the “economy’s potential level of growth amid international financial uncertainty.”
The Central Bank of Peru (BCRP), which has held rates steady since April 2011, also made its reserve requirements regime more flexible and said that “if necessary, the Board will adopt additional measures to make the regime of requirement reserves more flexible in order to promote a more orderly evolution of credit.”
Under the new measures, the central bank said that a financial institution’s long-term liabilities that are “not subject to reserve requirements was raised in May to 2.3 times the effective equity with the aim of promoting increased long-term financing in soles, and a maximum limit of 20 percent was established in June for the mean rate of reserve requirements in soles in order to reduce the dispersion of required reserves in the different financial entities and promote intermediation in soles, releasing in this way 500 million soles.”
Peru’s economy has been weakening in recent months due to weaker mining and last month the central bank lowered its 2013 growth forecast to 6.1 percent from a previous forecast of 6.3 percent. In 2012 the economy expanded by 6.3 percent.
In the first quarter, Peru’s Gross Domestic Product grew by 2.1 percent from the previous quarter for annual growth of 4.8 percent, down from 5.9 percent in the fourth quarter.
“Current and advanced indicators of activity show that the growth of the Peruvian economy is
close to its long-term sustainable level of growth, even though the indicators associated with
the external market still show a weak performance that affects the prices and volumes of
export products,” the central bank said.
Inflation in Peru rose to 2.77 percent in June from 2.47 percent in May due to higher prices of some foods and fuels.
The central bank, which targets inflation of 1.0 to 2.0 percent, said it expects headline inflation to converge to the center of its target range in the next months due to better food supply, economic growth close to the economy’s potential and to inflation expectations that are anchored to the bank’s target range.

for more details log on to Central Bank of Peru website : http://www.bcrp.gob.pe/home.html

Malaysia Central Bank holds rate . . .

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Malaysia’s central bank held its overnight policy rate (OPR) steady at 3.0 percent, as expected, but said the weak global economy may impact the country’s economic growth though domestic demand continues to support growth.
The Central Bank of Malaysia, which has held rates steady since June 2011, said domestic demand in emerging economies remains a important source of growth for the global economy but the prolonged weakness in the “external environment has begun to affect domestic economic activity in these economies.”
“For the Malaysian economy, domestic demand has continued to support growth amid the continued moderation in external demand. The sustained weakness in the external sector may, however, affect the overall growth momentum,” the central bank, known as Bank Negara Malaysia, cautioned.
Malaysia’s Gross Domestic Product contracted by 4.9 percent in the first quarter from the previous quarter for annual growth of 4.1 percent, down from 6.5 percent. The bank has forecast growth of 5-6 percent this year compared with 5.6 percent in 2012.
But the central bank said private consumption in Malaysia is still expected to remain steady, underpinned by higher incomes, while capital spending in domestic-oriented industries and infrastructure projects will support investment

Malaysia’s inflation rate rose slightly to 1.8 percent in May from 1.7 percent but the central bank said it should rise in the second half of the year due to domestic supply and cost factors.
“Pressures from global commodity prices are also likely to be contained given the moderate global growth prospects,” the central bank said.

Courtesy : http://www.centralbanknews.info/2013/07/malaysia-holds-rate-weak-global-growth.html

for more details log on to Central Bank of Malaysia website : http://www.bnm.gov.my/

Trinidad & Tobago Central Bank News update

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Trinidad & Tobago holds rate, growth weak, inflation down – Central Bank News.

 The Central Bank of Trinidad and Tobago held its benchmark repo rate steady at 2.75 percent, saying its accommodative policy stance was appropriate in light of contained price pressures and economic growth that remains weaker than expected.
    The central bank, which cut rates by 25 basis points in 2012, said private sector credit growth remained subdued but the financial system was highly liquid and it “stands ready to employ additional measures in the coming months to contain excessive build-ups in financial system liquidity.”
    In response to the large build-up of liquidity – commercial banks’ daily excess reserves at the central bank averaged $6.5 billion during May 1-21, up from $5.3 billion in April – the central bank facilitated the issue of a $1 billion liquidity absorption bond. With the proceeds sterilized, excess reserves fell to $5.8 billion on May 21 from over $7 billion earlier in the month.
    In addition, the central bank sold foreign currency, removing $637 million from the system and rolled over a $1 billion fixed deposit held by commercial banks at the central bank.
    “Nevertheless, with liquidity still at elevated levels, there was no activity on the inter-bank market and banks did not access the central bank’s repo facility,” the bank said.
    Given the high levels of liquidity, treasury rates have remained depressed and banks lowered their lending rates early this year to encourage credit demand.
    Headline inflation rose by 1.5 percent in April from March, but on an annual basis, the inflation rate fell to 5.5 percent from 6.9 percent.
    For the first time since October 2011, food price inflation slowed to single digits, reaching 9.4 percent in April, down from 26.2 percent in April 2012 and 15.0 percent in April 2011.
    “The recent slowdown in headline inflation and the continued stability in core inflation suggest that general price pressures are contained, although food price pressures may increase in coming months with the advent of the rainy season,” the central bank said, adding that “economic growth is still not as strong as expected, underlined by the further contraction in business credit.
    On an annual basis private sector credit granted by the financial system grew by 2.0 percent in March, down marginally from 2.1 percent in February while business lending contracted for the fourth consecutive month, down by 2.4 percent year-on-year in March.
    Trinidad & Tobago’s Gross Domestic Product contracted by an annual 0.39 percent in the fourth quarter of 2012 and earlier this month the central bank said in its monetary policy report that it was still forecasting 2.5 percent growth this year, up from 0.2 percent in 2012, based on a rebound in natural gas production.

    www.CentralBankNews.info

Mozambique Central Bank news

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Mozambique holds rate steady, signs of slower activity – Central Bank News.

Mozambique’s central bank held its benchmark standing facility rate steady at 9.50 percent, saying it would intervene in money markets to ensure that the monetary base does not exceed 39.70 billion meticais by the end of May compared with 38.81 billion at the end of April.
    The Bank of Mozambique (CPMO), which has held its rate steady this year after cutting by 550 basis points in 2012, said indicators of the economic climate pointed to lower economic activity, interrupting the upward trend that had been seen since July last year, while expectations regarding demand also showed a decline though employment prospects remained positive.
    Mozambique’s inflation rate rose to 4.79 percent in April, up from 4.27 percent, though well below a peak of 16.6 percent at the end of 2010.
    “The behavior of inflation in the first four months of the year reflects a scenario of a difficult early year, marked by floods that affected the food supply in some markets, especially fruits and vegetables, as well as the increase in average prices of some commodities in the international market, which weighed on domestic inflation, without neglecting the strengthening of the U.S. dollar in the domestic foreign exchange market,” the CPMO said.


    Following its recent visit to Mozambique, the International Monetary Fund (IMF) forecast that inflation would remain around 5-6 percent in the medium term despite the declining trend that was interrupted by the floods.
    The IMF said Mozambique’s economy remains robust, “reflecting the rapid expansion in coal production as well as in financial services, transport and communications, and agriculture.” 
      Last month the central bank cut its 2013 growth forecast to 7 percent from a previous 8 percent due to extensive flooding in the southern and central areas of the country in the first few months of the year, which affected mining output and agriculture. In 2012 the economy grew by 7.4 percent.
    Mozambique’s Gross Domestic Product expanded by 2.3 percent in fourth quarter of 2012 for annual growth of 8.3 percent, up from a rate of 6.9 percent in the third quarter.
    The IMF also forecast that Mozambique’s economy would expand by around 7 percent this year as mining expands and agricultural production recovers from the floods.
     The central bank said the metical was quoted at 30.02 against the U.S. dollar on the last day of April, equivalent to a monthly appreciation of 0.20 percent compared with a depreciation of 0.30 percent in the previous month, taking the cumulative and annual depreciation to 1.73 percent and 9.4 percent, respectively.

    www.CentralBankNews.info

 

Peru Central Bank holds rate steady too

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Peru holds rate steady, inflation still in target range – Central Bank News.

    Peru’s central bank held its policy rate steady at 4.25 percent, as expected, saying inflation remains within the bank’s target range and economic growth is close to potential, a phrase the central bank has often used in recent months.
The Central Reserve Bank of Peru (BCRP), which has held rates steady since April 2011, said inflation was projected to converge to the midpoint of the bank’s 1-3 percent target range over the next months due to improved food supply while production remains close to potential and inflation expectations are anchored around the target range.
Peru’s headline inflation rate eased to 2.3 percent in April, down from 2.6 percent while the core inflation rate was 3.4 percent. The central bank has forecast that inflation this year will be between 1.5 and 2.5 percent.
Peru’s economy has stabilized around its sustainable level although the sectors related to the external market continue remain weak, the BCRP added.
Peru’s Gross Domestic Product expanded by 0.6 percent in the fourth quarter from the third for annual growth of 5.9 percent, down from 6.8 percent.
Last year Peru’s economy grew by 6.3 percent, the fastest growth rate in Latin America, but down from 6.9 percent in 2011.

www.CentralBankNews.info