Information received since the Federal Open Market Committee met in November suggests that economic activity has continued to pick up and that the deterioration in the labor market is abating. The housing sector has shown some signs of improvement over recent months. Household spending appears to be expanding at a…
The Swiss National Bank is maintaining its expansionary monetary policy. The economic recovery, while certainly underway, nevertheless remains fragile. There is still considerable uncertainty over how the situation will develop. Consequently, the SNB is holding the target range for the three-month Libor at 00.75%. It is aiming to keep…
The Official Cash Rate (OCR) remains unchanged at 2.5 percent. Reserve Bank Governor Alan Bollard said: The New Zealand economy continues to recover but there remains considerable uncertainty about the durability of the expansion.
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent. While significant fragilities remain, global economic developments have been slightly more positive and…
Based on its regular economic and monetary analyses, the Governing Council decided to leave the key ECB interest rates unchanged. The current rates remain appropriate. Taking into account all the information and analyses that have become available since our meeting on 5 November 2009, price developments are expected to remain…
Reports from the twelve Federal Reserve Districts indicate that economic conditions have generally improved modestly since the last report. Eight Districts indicated some pickup in activity or improvement in conditions, while the remaining four–Philadelphia, Cleveland, Richmond, and Atlanta–reported that conditions were little changed and/or mixed.
