The Federal Reserve and Bank of England were tight-lipped over the future of their respective monetary policies today, as both central banks kept their interest rates and asset purchase programmes on hold.
The Federal Open Market Committee (FOMC), when announcing its decision yesterday, changed less than 50 words from its statement in June. The sections dealing with the Fed's monetary policy – comprising the bulk of the statement –were entirely unchanged.
What little changes there were, however,
- Irish deputy governor warns hard Brexit is ‘entirely plausible’
- New Russian banknote provokes anger in Ukraine
- Low-paid jobs may explain flat Phillips curve – research
- G7 governors and ministers set out principles for assessing cyber security
- Canada’s Project Jasper to explore clearing of securities in third phase