On September 16th it defied market hopes for lower interest rates and kept its short-term target at 2%.
The cost of making a short-term target is that long-term business generally suffers.
Outright, the important short-term target for the techies is 1.2680.
FORBES: Eurozone Depositors Can Run But Where Will the EURO Hide?
While Leeb is confident about the long-term outlook for energy prices, he will not set a specific short-term price target.
Since December 2008, the central bank has kept its short-term interest rate target at 0.00%-0.25%.
In October 2012, to target short-term investors seeking to flip a house for profit, Hong Kong extended the existing special stamp duty, or SSD, on property resales from two to three years.
However, Commerzbank's have climbed even faster, and its return on equity slumped to a miserable 4.5% in the first half of this year, far behind its rivals and a long way short of its long-term target of 15%.
If a currency seems ludicrously overvalued, interest rates should be cut even if that means inflation moves slightly above target in the short term.
However, when central banks pay interest on reserves or a deposit facility, this interest rate is rarely the one used to set the target for short-term private sector borrowing rates.
That's moving it closer to the Fed's 1.5 percent target rate for short-term rates.
If short-term interest rates (primarily the target Fed-Funds rate) are close to zero the impact of more bank credit and more money creation through open market purchases remains.
FORBES: 'Quantitative Easing' Is A Toxic Phrase for a Routine Policy
In effect, the bank now has a target range for short-term rates: the upper bound is the 1% refi rate and the lower bound is the rate the central bank pays on banks' deposits with it, currently 0.25%.
Thus the interest rate that the Fed pays should tend to put a floor under short-term market rates, including our policy target, the federal-funds rate.
McGratty sees First Midwest Bancorp and MB Financial among those that could be actively acquiring in the short-term, and ultimately growing into a target for larger banks.
If workers and firms believe that the inflation target will be hit, then short-term inflationary shocks, such as the recent jolt to energy prices, will be absorbed rather than setting off a wage and price spiral.
If central banks continue to aim for the same inflation target as before, then, beyond the short term, inflation will stay unchanged.
This is precisely the reason why most central banks target the price of money, in the form of short-term interest rates, rather than its quantity.
The central bank had cut its target on federal funds, which set the pace for short-term U.S. interest rates seven times from September to April to bolster the economy.
So if you're investing short-term, 35% would seem to be something you can at least shoot at as a target.
Despite many short term costs associated with the ramp, Tesla nonetheless expects to get approximately halfway to the 25% gross margin target by end of year.
In all cases, although inflation deviates from its target in the short run, the result is to make inflation and output less variable in the long term.
应用推荐