Arab Today, arab today central banks in europe extend policy announcements
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

Central banks in Europe extend policy announcements

Arab Today, arab today

Arab Today, arab today Central banks in Europe extend policy announcements

London - UPI

Two central banks in Europe extended their communication styles, adding qualifiers to traditionally sparse monetary policy statements. With both the European Central Bank and the Bank of England qualifying their monetary policy announcements for the first time, it appears, in part, that the more transparent communication style espoused by U.S. Federal Reserve Chairman Ben Bernanke has caught on, The New York Times reported Friday. But communication styles are as far as it goes. Neither the BOE or the ECB suggested pulling away from accommodating monetary policy as Bernanke has done recently, the Times said. The BOE with its new Gov. Mark Carney, said any suspicions the bank would raise interest rates soon were misguided. A long-standing tradition has been for the bank to announce its policy month to month, but make no mention of how long a specific decision would remain intact. In Germany, ECB President Mario Draghi used a phrase the U.S. Federal Reserve has been using for much of the economic downturn, saying interest rates would remain low \"for an extended period of time.\" Draghi later told a press conference that he would not elaborate. \"It\'s not six months. It\'s not 12 months. It\'s an extended period of time,\" Draghi said. The U.S. Fed\'s position had been to use cryptic, murky statements in the past. The difference between an economy making \"modest\" gains as opposed to one making \"moderate\" gains is about as far as the Fed normally goes in making a direct statement. The aim of adding, \"for an extended period of time,\" to was to convince business leaders they could count on interest rates remaining low for a while, which was meant to encourage commitments to long-term projects or product development. The Fed then took it a step further. Careful not to call it a guarantee, the Fed said it would likely not change the federal fund rate until unemployment dropped to at least 6.5 percent. The two banks in Europe shifted the style of their policy statements Thursday, which was a national holiday in the United States.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today central banks in europe extend policy announcements Arab Today, arab today central banks in europe extend policy announcements

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today central banks in europe extend policy announcements Arab Today, arab today central banks in europe extend policy announcements

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday