Examples of using Monetary easing in English and their translations into Arabic
{-}
-
Colloquial
-
Political
-
Ecclesiastic
-
Ecclesiastic
-
Computer
Unwinding of monetary easing in major developed countries.
The advanced economies of ECE haveresponded to the crisis with unprecedented fiscal stimuli and monetary easing.
The ongoing wave of quantitative easing- is Japan's monetary easing a sign of a global anti-austerity tsunami?
The ongoing monetary easing in more and more developed economies should moderate the slowdown in the global economy.
Koruda added that they will continue with the powerful monetary easing policy and will consider additional easing if needed.
Such monetary easing is expected to continue in 2012 and the near term as a policy tool for Governments to stimulate private demand.
The global financial crisis of 2008-2009 ledcentral banks in the developed economies to take a monetary easing stance to its maximum.
The negative spillover effects of monetary easing in the developed world, while understandable, had now been generally recognized.
This expansionary policy path was sufficiently sustainable for the ample fiscal space due to the growing energy export revenues andthe continuing monetary easing of the United States.
The decrease was due largely to continued monetary easing policies of central banks and the resulting lower interest rate environment.
When the first“arrow” of Abenomics- a fiscal stimulus program- was launched nearly two years ago, asset markets' immediateresponse was positive. The second arrow of Abenomics- monetary easing- intensified these effects.
In addition to monetary easing, policy measures to cope with the global financial crisis included fiscal and institutional supports to the financial sector.
As for the BoJ, reports on Friday that Japan'scentral bank was considering more monetary easing and cutting rates further into negative territory initially weighed on the yen.
This package consists of a supplemental budget to increase central government spending by 10.3 trillion yen(about 2.2 per cent of GDP)and a new style of monetary easing by the Bank of Japan.
He went on tosay that European Central Bank may open the way to further apply monetary easing policy while keeping the profit rates at low levels in an attempt to ward off the risk of deflation in the Eurozone.
The Fed's monetary easing did temporarily contribute to a weaker dollar, which boosted net exports. But the dollar's decline has more recently been reversed by the global flight to safety by investors abandoning the euro.
As China's animal spirits are channeled, they will increasingly test the authorities' resolve to resist price intervention, instead allowing market forces to propel the business cycle. This will not be easy,given that the PBOC has plenty of additional room for monetary easing.
At the onset of the global financial crisis in September 2008, most Governments in the ESCWA region did not have to deal with this dilemmayet given that both active fiscal measures and monetary easing were required to prevent the financial crisis from adversely affecting respective domestic economies.
A cyclical recovery is underway, supported by monetary easing for years to come and increasingly flexible fiscal rules. More risk sharing will start in the banking sector(with EU-wide deposit insurance up next), and eventually more ambitious proposals for a fiscal union will be adopted.
It seems clear that the extraordinary run-up in equity prices was fueled by a surge in margin financing of stock purchases,which was legalized in 2010-2011 and encouraged by the PBOC's monetary easing since last November. Likewise, there was plenty of support for the bull market in government-sponsored news media, for example.
Given this,China's current deflation should motivate its policymakers to pursue monetary easing, reducing real interest rates to a much lower level, even zero. Such a move- for which China has plenty of room- would not only enable the reduction of existing debt burdens; perhaps more important, it would also allow for the rollover of debt as the economy accelerates.
Though QE cannot produce long-term growth, it can do much to end the ongoing recession that has gripped the eurozone since 2008. The record-high stock-market levels in Europe this week, in anticipation of QE, not only indicate growing confidence,but are also a direct channel by which monetary easing can boost both investment and consumption.
To be sure,much more aggressive policy action(massive and unconventional monetary easing, larger fiscal-stimulus packages, bailouts of financial firms, individual mortgage-debt relief, and increased financial support for troubled emerging markets) in many countries in the last few months has reduced the risk of a near depression. That outcome seemed highly likely six months ago, when global financial markets nearly collapsed.
So the most important question the US now faces is whether continued fiscal and monetary stimulus can, as some believe, help to right the economy. To be sure, at the height of the crisis,the combined effect of fiscal stimulus and massive monetary easing had a big impact in preventing a credit freeze and limiting the downward spiral in asset prices and real economic activity.
But the overall policy mix has been sub-optimal, with too much front-loaded fiscal consolidation and too much unconventional monetary policy(which has become less effective over time). A better approach in advanced economies would have comprised less fiscal consolidation in the short run and more investment in productive infrastructure, combined with a more credible commitment to medium- and long-term fiscal adjustment-and less aggressive monetary easing.
The investment environment took a turn for the better in the final quarter of the fiscal year ending March 2012, backed by the United States Federal Reserve ' s stance to extend its ultralow interest rate policy,additional monetary easing measures by the Bank of Japan announced in February 2012, further financing support by the European Central Bank, and a string of solid United States economic indicators.
CAMBRIDGE- The United States Federal Reserve's recent announcement that it will extend its“Operation Twist” by buying an additional $267 billion of long-term Treasury bonds over the next six months- to reach a total of $667 billion this year- had virtually no impact on either interest rates or equity prices.The market's lack of response was an important indicator that monetary easing is no longer a useful tool for increasing economic activity.
An effective reform strategy would have to balance the need for budget restraint and macroeconomic stability with growth-enhancing policies. When it comes to the latter, European Central Bank President Mario Draghi's proposals in August-expanded monetary easing, structural reforms(particularly in France and Italy), and some fiscal expansion by countries like Germany- provide a useful framework to be supplemented with concrete measures.
There is no reason to think that this recent trend will reverse in the near future. The downward pressure on the renminbi relative to the dollar reflects the US economy's relatively strong recovery,which has prompted the Federal Reserve to end a long period of monetary easing, and China's economic slowdown, which has prompted the PBOC to start a new period of monetary stimulus.
Meanwhile, in Japan, the private sector's patience with Prime Minister Shinzo Abe's three-pronged strategy to reinvigorate the long-stagnant economy- so-called“Abenomics”- will be tested, particularly with regard to the long-awaited implementation ofstructural reforms to complement fiscal stimulus and monetary easing. If the third“arrow” of Abenomics fails to materialize, investors' risk aversion will rise yet again, hampering efforts to stimulate growth and avoid deflation.