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Monthly archive May, 2019

U.S. Existing Home Sales Unexpectedly Dip 0.4% In April

Existing home sales in the U.S. unexpectedly showed a modest decrease in the month of April, according to a report released by the National Association of Realtors on Tuesday. NAR said existing home sales dipped by 0.4 percent to an Read More →

BoJ’s Harada Sees Need For More Monetary Stimulus Without Delay

Bank of Japan board member Yutaka Harada said monetary easing should be strengthened further without delay. "If the economy deteriorates to the extent that achieving the 2 percent price stability target in the long term becomes difficult, I view it Read More →

UK Inflation Tops 2% For First Time Since December

UK consumer price inflation exceeded the central bank's target in April for the first time since December, driven by higher utility costs and air fares. Meanwhile, core inflation held steady for a second month in a row, further damping hopes Read More →

Iceland Central Bank Cuts Key Rate, Growth Forecast

Iceland's central bank slashed its key interest rate and the economic growth forecast for this year on Wednesday, citing weaker tourism business and a fall in marine product exports. The Monetary Policy Committee, or MPC, decided to lower the rate Read More →

Fed Expects Patient Approach To Rates To Remain Appropriate For Some Time

Members of the Federal Reserve are in no rush to alter the path of interest rates, according to the minutes of the central bank's latest monetary policy meeting. The minutes showed members agreed that a patient approach to determining future Read More →

Dollar Stays Steady After Fed Minutes

The greenback, which stayed mostly steady near a one-month high before the release of the minutes of the Federal Reserve's latest monetary policy meeting, continued to stay that way post release of the minutes as well.Original Article Read More →