Bank of Canada Governor made an opening statement before the House of Commons Standing Committee on Finance on May 2, 2024, alongside Senior Deputy Governor Carolyn Rogers. He began by highlighting the recent policy announcement and the Bank of Canada's Monetary Policy Report.Governor indicated, "Monetary policy is working. Total consumer price index (CPI) and core inflation have eased further in recent months, and we expect inflation to continue to move closer to the 2% target this year." He also mentioned that the economy looks to be picking up, with GDP growth expected...
The Federal Reserve Bank of New York has announced the publication of the indicative term rates for the Secured Overnight Financing Rate (SOFR). The announcement marks a significant development in the transition from LIBOR, which is set to be phased out by mid-2023. According to the release, these indicative term rates are based on a methodology that uses SOFR futures data.
On May 2, 2024, the Bank of Russia released a series of 10-ruble commemorative coins under the Cities of Labour Valour series. The cities featured on these coins are Perm, Samara, Saratov, and Tomsk.
The Securities and Exchange Commission (SEC) has approved the equity symmetric adjustment for 2024. This decision was announced on May 2, 2024, following a thorough review process.
Governor UEDA recently addressed the Peterson Institute for International Economics on the topic of the recent changes in the Bank of Japan's Monetary Policy Framework. The speech, delivered on April 19, 2024, shed light on the Bank of Japan's strategic shifts and objectives.In his remarks, Governor UEDA emphasized the importance of the Bank of Japan's monetary policy framework and its implications. The speech provided insights into the rationale behind the recent changes and the intended impact on the Japanese economy.The speech by Governor UEDA at the Peterson...
The Bank of Canada's Senior Deputy Governor and Governor recently addressed the Standing Senate Committee on Banking, Commerce, and the Economy, discussing the country's economic landscape and monetary policy stance.In the opening statement, the Governor expressed pleasure in discussing the recent policy announcement and the Monetary Policy Report alongside Senior Deputy Governor Carolyn Rogers. The Governor highlighted three key messages, emphasizing the effectiveness of monetary policy in easing inflation and supporting economic growth. The forecast indicates solid GDP...