This is not government debt, this is simply Central Bank balance sheet per capita (for every person in that country), and the numbers are staggering …
Continue reading “How much are Central Bank balance sheets per capita (or per person in a country)?”
The Federal Reserve has unwound its balance sheet by 12% over the past year and reduced it to $3.81 trillion (from a peak of $4.5 trillion in 2017).
It has also increased interest rates since from 0.25% (range of 0% to 0.25%) in 2016 to 2.5% (range of 2.25% to 2.5%) now.
Continue reading “The Federal Reserve has done the right thing by reducing its balance sheet and increasing interest rates to support a thriving economy, why reverse this now?”
A decade on from the financial crisis, 38 countries currently have interest rates at an all-time low. Ultra-low interest rates seem to be the tool of choice for Central Banks to help stimulate economies globally. But seriously, this a decade on from the financial crisis? Did the world really recover from the financial crisis? Probably not …
Continue reading “38 countries currently have interest rates at an all-time low”
Here are global central bank interest rates for each country in a table (in increasing order of interest rate in % on July 1, 2019),
Continue reading “Interest Rates for each country and change over the past year – July 2019 Edition”
Australia’s Central Bank, the Reserve Bank of Australia (RBA) cut its benchmark cash rate by 25 basis points to an all-time low of 1%. This following a cut of 25 basis points in June. This is the first time since 2012 that the RBA has delivered back-to-back interest rate cuts.
Continue reading “Australia’s Central Bank cuts interest rates again to an all-time low of 1%”
The Federal Open Market Committee (FOMC) announced during the week that it had decided to maintain the target range for the federal funds between 2.25% to 2.5%.
Continue reading “The Federal Reserve does not expect an interest rate rise for the U.S. for the rest of 2019; Plus balance sheet management changes”
Between March 9, 2018 and March 9, 2019
- 53 countries raised interest rates with an average increase of 1.74%
- Excluding increases in Argentina, Turkey and Yemen, the average increase across the other 50 countries that raised interest rates was 0.82%
- 36 countries saw a decrease in interest rates, with an average decrease of 1.18%
- For all countries in the world, the average interest rate change was +0.29; excluding Argentina, Turkey and Yemen – the average interest rate change was -0.01%
Continue reading “The average global central bank interest rate has barely changed over the past year”
The Governing Council of the European Central Bank (ECB) expects the key ECB interest rates to remain at their present levels at least through the end of 2019.
The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility are 0.00%, 0.25% and -0.40% respectively and these rates are expected to remain in place at least until the end of 2019.
Continue reading “The European Central Bank says interest rates would remain at record lows until the end of the year; Eurozone growth forecast slashed; New monetary stimulus TLTRO-III announced”