With mortgage applications heading south to their lowest value since late-2014, the American home lending sector is currently experiencing a key overhaul in how it’s getting on and also manages staffing levels…
Japan's very low rates could affect banks
Financial experts worry that that the Bank of Japan's shockingly low interest rates could affect Japanese banks' business, as a Reuters survey disclosed on Wednesday.
BOJ Governor Haruhiko Kuroda pointed to this possibility when he referring to a "reversal rate" or the decisive level where major bank rate cuts can painfully impact the Japanese economy by simply squeezing lending margins to a level where Japanese banks lose interest in making loans.
The previous week, Kuroda told that the BOJ might cancel its crisis-mode stimulus, warning of the risk that excessive stimulus could undermine financial institutions’ health.
28 of 36 market experts surveyed during December 4-12 told that they worried about the negative impact the BOJ's policy could have on financial institutions. Five experts told they nearly didn’t care about it.
Additionally, 17 of 35 market experts told that recent remarks by BOJ board members on the reversal rate wouldn’t impact the BOJ’s monetary policy. However, 13 are assured that such comments suggest Japan’s key financial institution refrains from extra easing.
Canada will release CPI and Core Retail Sales data on October 19 at 15:30 MT time. Both indicators are highly important. As a result, they will affect the Canadian market a lot.
The "no-deal" Brexit has never been so close! In other news: the AUD is rising, comments from BOJ Governor Mr. Kuroda and more
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…