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The following news articles, videos, and websites all contain information about policy interest rates and their effect on the economy. 1. Wall Street Journal: "Fed to Raise Interest Rates as Economy Strengthens" 2. CNBC: "Fed Raises Interest Rates for Second Time in 2017" 3. Forbes: "What the Fed's Interest Rate Increase Means For You" 4. The New York Times: "U.S. Raises Interest Rates and Signals Faster Increases Are Coming" 5. Bloomberg: "U.S. Interest Rates Climb to Highest Level Since 2008" 6. The Washington Post: "Fed Raises Interest Rates, Signals More Increases to Come" 7. US News & World Report: "Everything You Need to Know About the Fed's Interest Rate Hike" 8. CNN Money: "The Fed Just Raised Interest Rates. Here's What it Means for You" 9. Bankrate: "How the Fed's Interest Rate Increase Affects Your Wallet" 10. Investopedia: "What Is the Federal Funds Rate?"
External members of the Monetary Policy Committee suggest reducing policy interest rates due to temporary food shocks and high real interest rates. However, caution is advised as markets are running ahead of policy makers and inflation history suggests challenges in bringing it down.
The Fed has kept its benchmark policy interest rate steady in the 5.25%-5.5% range since last July, but officials are debating when to ease monetary policy as inflation edges back to the central bank's 2% target.
Natalie Burr and Tim Willems in this Bank of England article explains the basics of monetary transmission: The monetary policy transmission mechanism (MTM) describes how monetary policy – conducted through changes in the policy interest rate – affects financial conditions, expectations, economic activity and, ultimately, inflation. Understanding how the MTM operates is essential for monetary…
As we find ourselves navigating a period of central bank meetings we can take a look at what in these terms is the main player did and said last night, Here are the words of Chair Jerome Powell from his press conference. Today, the FOMC decided to leave our policy interest rate unchanged and to…
In a speech today, BoJ Deputy Governor Shinichi Uchida emphasized the necessity of maintaining monetary easing with the current policy interest rate "for the time being", citing "extremely volatile" recent developments in both Japanese and global financial and capital markets. Uchida assured that BoJ is monitoring these developments with "utmost vigilance" and will adjust monetary policy as appropriate.
The Reserve Bank of New Zealand (RBNZ) kicked off its rate cut cycle at this week's meeting, lowering its policy interest rate by 25 bps to 5.25%. The decision was a mild surprise, with an overall majority of analysts (including ourselves) expecting the central bank would remain on hold.