Euro land is sputtering because its anti-Keynesian fiscal and monetary stance is uncalled for and counterproductive.
By reducing credit availability national central banks can contravene the euro zone's wider monetary stance.
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Making sure to dispel any rumors of the Federal Reserve looking to tighten its monetary stance any time soon, St.
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While there has been a sharp decline in the yen's value, analysts say it is a by-product of the monetary stance that Japan's government has taken to stoke inflation and boost its growth.
Sustained higher prices at the pump will act as a drag on GDP by obstructing consumption, yet inflation remains at comfortable levels for the Fed, which is expected to continue with its ultra-accommodative monetary stance.
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The ECB appears to be under less pressure on its monetary stance, but if it believes more liquidity in the euro zone's financial markets are needed, it will make another capital injection as it did Thursday.
Our baseline outlook is for a moderately expansionary fiscal policy (media reports are that the fiscal deficit target is likely to be CNY1.2trn, or 2.2 percent GDP in 2013, up from CNY800bn and 1.5 percent GDP in 2012), a neutral monetary stance (media reported 13.5 percent M2 growth target for 2013, compared with 14 percent in 2012) and gradual reforms.
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"Monetary policy stance will remain 'accommodative' for as long as needed, " Mr Draghi said.
"Our monetary policy stance will remain accommodative for as long as needed, " he said.
Japan's monthly trade deficit hit a record in January after its recent aggressive monetary policy stance weakened its currency sharply.
"We do believe that the monetary policy stance we have adopted today is appropriate for the current circumstances including our assessment of inflationary developments for the medium term future, " he said.
Meanwhile, there has been a sharp decline in the Japanese yen, which has dipped almost 20% against the US dollar since November last year, triggered by an aggressive monetary policy stance by the new Japanese government.
Central Bank president Alexandre Tombini has stated over the past few weeks that the monetary policy stance has changed and while the BCB will remain vigilant, it will act in a cautious manner before raising rates.
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Andrew Burns, head author of the report, said developing countries need to reduce their fiscal vulnerabilities by lowering short-term debt levels, reducing their budget deficits and returning to a more neutral monetary policy stance instead of constantly cutting rates to historic lows.
Mr. Draghi also restated his pledge to preserve the integrity of the currency area, while saying there was no need for the central bank to unwind its accommodative monetary-policy stance.
Reducing the penalty rate does not alter the overall stance of monetary policy.
In determining how long to maintain a highly accommodative stance of monetary policy.
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They assign less importance to the gap between aggregate demand and supply in determining inflation, and more importance to the stance of monetary policy.
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To support continued progress toward maximum employment and price stability, the Committee expects that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the economic recovery strengthens.
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Term deposits are be one of several tools that the Federal Reserve employs to drain reserves when policymakers judge that it is appropriate to begin moving to a less accommodative stance of monetary policy.
To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee expects to maintain a highly accommodative stance for monetary policy.
To support continued progress toward maximum employment and price stability, the Committee expects that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the asset purchase program ends and the economic recovery strengthens.
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Brazil and Argentina signed a pact in March pledging to cooperate with each other in order to get the International Monetary Fund to take an easier stance toward them.
Slower core inflation has allowed the Reserve Bank of India to begin easing monetary policy, despite its objection to the fiscal stance.
Financial stock watchers had taken a bearish stance heading into the Fed's monetary policy announcement, sucking up puts on the Financial Sector SPDR (amex: XLF) going into Thursday's rate meeting.
Meanwhile, the state-run Cyprus News Agency quoted an anonymous top official as saying an agreement was not within sight because of the "rigid stance" by the representative of the International Monetary Fund.
However, a more dovish stance is to be expected and the door for more monetary stimuli will be kept open.
China's central bank Gov. Zhou Xiaochuan said last month that he is on guard against inflation and that monetary policy is now "neutral, " after a slightly easy policy stance in the past year.
"Even as the policy stance emphasizes addressing the growth risks, the headroom for further monetary easing remains quite limited, " the Reserve Bank of India said in its mid-quarter monetary policy review after lowering its key lending rate, known as the repurchase rate, to 7.5% from 7.75%.
"Even as the policy stance emphasizes addressing the growth risks, the headroom for further monetary easing remains quite limited, " the Reserve Bank of India said in its mid-quarter monetary policy review after lowering its key lending rate, known as the repurchase rate, to 7.50% from 7.75%.
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