gtfintechlab/all_annotated_sentences_25000

sentences stringlengths 15 1.43k	stance_label stringclasses 4 values	time_label stringclasses 2 values	certain_label stringclasses 2 values	year int64 2k 2.02k	bank_name stringclasses 25 values	__index_level_0__ int64 0 25k
however, available activity and perception indicators for the fourth quarter continue to show a low dynamism in the economy and reveal that several of the downside risks in growth would be materializing.the credit slowdown continued in the last month, explained mainly by the moderation in household indebtedness, particularly in the consumer modality.the commercial credit also slowed down in november and registered an annual growth of 5.1%.in november, annual consumer inflation increased for the fourth consecutive month and stood at 4.12%, above that expected by the technical staff and by the market.	hawkish	not forward looking	certain	2,017	bank_of_colombia	291
the member’s assessment was that, although korea’s economic growth had been driven by facilities investment related to it sector exports and by construction investment associated with household debt, the economic recovery had so far not been transmitted fully to household income.	dovish	not forward looking	certain	2,018	bank_of_korea	18,343
on the other hand, core inflation over the last 12 months was 1.3 percent	neutral	not forward looking	certain	2,006	central_reserve_bank_peru	19,041
board members reached a unanimous decision to raise the policy rates by 0.125 percentage points	hawkish	forward looking	certain	2,023	central_bank_taiwan	23,492
in the domestic market, price changes of most domestic petroleum products showed mixed trends compared to end-2020 levels.	neutral	not forward looking	certain	2,021	bank_of_phillipines	5,788
most market participants expected the mpc to keep the policy interest rate unchanged at this meeting.	neutral	forward looking	uncertain	2,013	bank_of_thailand	8,218
the member thus noted that it was necessary to prevent, as much as possible, the coronavirus shock from leading to permanent damage to the foundation for growth.	dovish	forward looking	certain	2,020	bank_of_korea	18,632
in addition, there remained signs of weakened debt serviceability among smes and households, as reflected in rising non-performing loan (npl) ratios over recent periods.	dovish	forward looking	uncertain	2,016	bank_of_thailand	8,258
the bank expects inflation will stay around the 2 percent target over the projection horizon, with some fluctuations in 2020 from volatility in energy prices.	neutral	forward looking	uncertain	2,020	bank_of_canada	10,816
annual real gdp growth declined to 3.4 percent in 2016/17 q1 after averaging 4.3 percent between 2014/15 and 2015/16.	dovish	not forward looking	certain	2,017	central_bank_of_egypt	17,118
banks were still keenly bidding for deposits across the yield curve.	neutral	not forward looking	certain	2,008	reserve_bank_australia	7,807
available information suggested that growth in business spending on capital goods likely would slow further in the months ahead.	dovish	forward looking	uncertain	1,998	fomc	6,990
although business fixed investment in the second quarter was a little lower than had been expected, participants noted that this development appeared mainly to reflect the timing of purchases, particularly of transportation equipment, and not weakness in the underlying trend.	neutral	not forward looking	uncertain	2,006	fomc	6,367
manufacturing was once again the principal drag on overall output, despite the continued easing in supply bottlenecks that had particularly benefited car production and sales.	dovish	not forward looking	certain	2,023	ecb	24,911
inflation reached 2.9 in may and is likely to remain at an elevated level for the time being	hawkish	forward looking	uncertain	2,022	swiss_national_bank	2,824
the higher volatility went hand in hand with a deterioration in market liquidity.	dovish	not forward looking	certain	2,022	ecb	24,367
there was no change to the width of the policy band.	neutral	not forward looking	certain	2,020	monetary_authority_singapore	22,160
staying committed to the central task of economic development, the two unwavering commitments and the underlying principle of pursuing progress while ensuring stability, the pbc will apply the new development philosophy fully, faithfully and comprehensively, and speed up the building of a new development paradigm.	neutral	forward looking	certain	2,022	peoples_bank_of_china	9,619
local economic activity has been recovering	neutral	not forward looking	certain	2,016	central_reserve_bank_peru	19,671
nevertheless, the director cautioned that prices of services continued to rise markedly and, like core inflation, tend to resist downward change; it was important to prevent inflation expectations from firming up	hawkish	not forward looking	certain	2,023	central_bank_taiwan	23,091
mas intervened significantly in q4 2004 and into early 2005 to moderate excessive upward pressure on the s$.	hawkish	not forward looking	certain	2,005	monetary_authority_singapore	22,418
the committee called for strengthening of macroeconomicmanagement to ensure a continuously steady development of the chinese economyas well as a basic stability of the price level.	dovish	forward looking	certain	2,006	peoples_bank_of_china	9,143
the 1st vice minister commented that the domestic economy was likely to maintain its robust movements for the time being, against a background of sustained buoyancy of domestic demand and exports and increased private sector employment.	hawkish	not forward looking	certain	2,011	bank_of_korea	18,456
it will put efforts into implementing the action plan for stepping up support for the financing of sci-tech enterprises, and guide financial institutions to issue more medium and long-term (mlt) loans to the manufacturing sector, so as to expedite the building of a modern industrial system.	dovish	forward looking	certain	2,023	peoples_bank_of_china	9,688
several leading and coincident indicators confirm the copoms evaluation regarding the positive activity trend	neutral	not forward looking	certain	2,004	brazil_copom	16,608
meanwhile, the long-term government bond yields in major economies declined, the us dollar index fell from its peak levels, and major currencies broadly appreciated against the us dollar	dovish	not forward looking	certain	2,023	central_bank_taiwan	23,324
added to this is the major downward adjustment in perishable food and non-tradable inflation, excluding food and regulated prices, and the possible adverse effects the us recession and the world crisis might have on colombia’s economic growth, apart from the uncertainty surrounding the fate and sustainability of developments in the venezuelan economy.	dovish	forward looking	uncertain	2,008	bank_of_colombia	436
the recent escalation of trade tensions point to weaker global trade going forward, with increasing signs of spillovers to domestic economic activity in a number of countries	dovish	forward looking	uncertain	2,019	bank_negara_malaysia	21,074
in this sense, some services stood out, which could have been affected by the extension of quarantines, lagged openings and/or because part of them continued to be imputed.	neutral	not forward looking	certain	2,021	central_bank_of_chile	20,372
the annual rate of growth had fallen to 0.7%, the lowest rate since 1992.	dovish	not forward looking	uncertain	1,999	bank_of_england	4,125
a36 manufacturing input prices had risen by 1.8% in october.	hawkish	not forward looking	certain	2,004	bank_of_england	4,997
after declining in july, the value of retail sales rose in august and september, but was unchanged in october.	hawkish	not forward looking	certain	2,012	reserve_bank_australia	7,097
rbi consumer headline inflation estimate for the year is raised to 5.7 per cent, which implies the real rate has fallen further and is now too negative.	dovish	not forward looking	certain	2,022	rbi	11,931
developments abroad represent the main risk	neutral	not forward looking	certain	2,024	swiss_national_bank	2,995
meanwhile, in response to international agricultural commodity prices and exchange rate developments, the egg and poultry items that have a significant weight in the other unprocessed food group posted noticeable price increases.	hawkish	not forward looking	certain	2,020	central_bank_republic_of_turkey	14,618
headline inflation is expected to moderate in 2012 with improved domestic supply and stable demand conditions	dovish	forward looking	uncertain	2,012	bank_negara_malaysia	21,287
for instance, private investment is forecast to expand faster in the coming three quarters from the second quarter onwards than last year, and the governments forward-looking infrastructure development program is also expected to propel growth in public and private investment this year	dovish	forward looking	certain	2,019	central_bank_taiwan	23,089
persistent headwinds from deleveraging and lingering uncertainty will influence the extent to which some oil-importing countries benefit from lower prices.	dovish	forward looking	certain	2,015	bank_of_canada	10,717
on the domestic front, prices of petroleum products increased compared to their end-2018 levels.	neutral	not forward looking	certain	2,019	bank_of_phillipines	5,733
for the malaysian economy, latest indicators show that economic activity strengthened further in the third quarter, driven primarily by robust domestic demand	dovish	not forward looking	certain	2,022	bank_negara_malaysia	21,273
in respect of external demand, sluggish global final demand, ongoing inventory adjustments, and a higher base effect combined to drag taiwans exports down by 16.9 year on year for the first five months of 2023	neutral	not forward looking	certain	2,023	central_bank_taiwan	23,578
this was the period of highest fear and uncertainty that very likely affected consumer responses.	neutral	not forward looking	certain	2,021	rbi	11,723
global headline and core inflation continued to edge downwards in recent months with some central banks commencing monetary policy easing	dovish	not forward looking	certain	2,024	bank_negara_malaysia	21,070
household and capital spending will continue to be driven by stable labour market conditions and capacity expansion in key sectors such as manufacturing and services	dovish	forward looking	certain	2,019	bank_negara_malaysia	21,606
as a result, growth in domestic demand will continue to outpace the supply expansion capacity, intensifying underlying inflationary pressures in the economy.	hawkish	forward looking	certain	2,023	central_bank_of_russia	13,269
although the accommodation observed in the last two quarters has been more intense than the expected at the start of the year, as evidenced, among others, by data on inventories and industrial production, the prospects for the evolution of domestic economic activity remain favorable	neutral	forward looking	uncertain	2,010	brazil_copom	16,611
growth in consumer spending declined in recent months from the already modest pace in the first quarter.	dovish	not forward looking	certain	2,011	fomc	6,565
in light of the international crisis effects over domestic financial conditions, credit contribution for the support of domestic demand diminished, but signs of recovery continue to accumulate, in particular regarding loans to individuals	neutral	not forward looking	certain	2,009	brazil_copom	16,539
the member then expressed the recognition that, if the current pace of purchases continued, however, the bank could not avoid a situation where jgb purchases would become more difficult through 2018.	hawkish	forward looking	certain	2,017	bank_of_japan	1,219
this deceleration is expected to continue with the weaker demand conditions and lower imported inflation	dovish	forward looking	uncertain	2,009	bank_negara_malaysia	21,323
the euro area net lending position, as a percentage of nominal gdp, had continued to increase over the last year and a half, despite the strong recovery in domestic demand.	dovish	forward looking	certain	2,016	ecb	24,861
it was underlined that industrial output was declining in year-on-year terms in almost all major world economies and global growth forecasts were lowered	dovish	forward looking	certain	2,019	national_bank_poland	15,393
according to the bank of russia’s forecast, gradual easing of internal financial conditions, lower debt burden and improved business sentiment in 2016 h2 will pave the way for investment and production recovery in 2017.	dovish	forward looking	certain	2,015	central_bank_of_russia	13,783
meanwhile, one member expressed the opinion that it would be desirable to adjust the base rate downward by 25 basis points from the current 1.5 percent to 1.25 percent this month.	dovish	forward looking	certain	2,016	bank_of_korea	18,392
the unemployment rate and the annual expansion of nominal and real wages continued to be around 7%, 4% and 1%, respectively.	neutral	not forward looking	certain	2,019	central_bank_of_chile	20,373
exports of industrial supplies and consumer goods also moved up smartly in september.	dovish	not forward looking	certain	2,007	fomc	6,112
year-on-year inflation fell from 1.8 percent in march to 1.7 percent in april	dovish	not forward looking	certain	2,020	central_reserve_bank_peru	19,498
non-gilt issuance, which had been low in march, had returned in april to a level close to the average from october to february.	neutral	not forward looking	uncertain	2,001	bank_of_england	4,317
consequently, the bank maintains the assessment that with the expected moderation in inflation in the medium term, the greater priority is to avoid a fundamental downturn in economic activity	dovish	forward looking	uncertain	2,008	bank_negara_malaysia	21,729
some members considered that the balance of risks around the projected trajectory of inflation remains uncertain.	neutral	forward looking	uncertain	2,021	bank_of_mexico	3,918
consequently, corporate bond conditions on the capital markets have become attractive	dovish	not forward looking	certain	2,010	swiss_national_bank	2,529
forecasts of growth in europe were revised downwards, and according to the eurostat forecast, growth in the eurozone in 2009 is expected to be between minus one percent and zero, and in 2010, between 0.5 percent and 1.5 percent.	hawkish	forward looking	certain	2,008	bank_of_israel	12,102
another member noted that the negative output gap continues to be above 4% and is not expected to close before 2023.	dovish	forward looking	uncertain	2,021	bank_of_mexico	3,969
on the supply side, growth in 2014 was supported by services and industry, particularly manufacturing.	neutral	not forward looking	certain	2,015	bank_of_phillipines	5,375
moreover, indicators of global economic activity confirm an improvement in the global growth outlook	neutral	not forward looking	certain	2,011	central_reserve_bank_peru	19,712
for this meeting they considered three options: (i) raise the mpr by 100 basis points (bp); (ii) raise the mpr by 125bp; and (iii) raise the mpr by 150bp.	hawkish	forward looking	uncertain	2,021	central_bank_of_chile	20,340
in canada, uncertain global and domestic economic conditions are delaying the pick-up in exports and business investment, leaving the level of economic activity lower than the bank had been expecting.	dovish	not forward looking	uncertain	2,013	bank_of_canada	10,543
meanwhile, accommodation costs are expected to fall, in part due to the decline in foreign employment.	dovish	forward looking	uncertain	2,020	monetary_authority_singapore	22,376
on 5 november, the government had announced that the coronavirus job retention scheme (cjrs) would be extended until the end of march, with employees receiving 80% of their current salary for hours not worked.	dovish	forward looking	certain	2,020	bank_of_england	4,589
the december quarter 2020 national accounts showed that gdp in australia had recovered to close to pre-pandemic levels, whereas gdp was still considerably below pre-pandemic levels in many other countries.	hawkish	not forward looking	certain	2,021	reserve_bank_australia	7,193
it also increased the interest rate on exchange settlement balances by 25 basis points to 3 per cent.	hawkish	not forward looking	certain	2,022	reserve_bank_australia	7,843
in canada, real gdp growth is expected to slow to 2.2 per cent in 2018 and 1.6 per cent in 2019, following an estimated 3.0 per cent in 2017.	neutral	forward looking	uncertain	2,018	bank_of_canada	10,340
s$ nominal effective exchange rate (s$neer) the s$neer had fallen sharply in q1 2020.	dovish	not forward looking	certain	2,020	monetary_authority_singapore	22,444
third, there would be more public spending to support ukraine and the refugees.	neutral	forward looking	certain	2,022	ecb	24,711
inflation in february showed a rate of 0.17 percent, as a result of which the interannual of inflation fell from 4.6 percent january to 4.5 percent in february	dovish	not forward looking	certain	2,016	central_reserve_bank_peru	19,952
this highly adverse price shock has shown that it will be with us for some time to come and the probability of new highs will increase as winter in the northern hemisphere approaches	hawkish	forward looking	uncertain	2,000	brazil_copom	16,362
the recovery in economic activities requires support from consumer spending.	dovish	forward looking	certain	2,020	rbi	11,159
some members noted that economic activity in advanced economies is expected to grow at a lower rate overall in 2024.	dovish	forward looking	uncertain	2,024	bank_of_mexico	3,550
faster growth of food prices to 5.9% (vs 5.5% in january 2019) played a significant role in the inflation rise in february.	hawkish	not forward looking	certain	2,019	central_bank_of_russia	13,158
meanwhile, the longer-term rates had risen less than their external counterparts, in a context in which the local risk indicators remained contained.	neutral	not forward looking	certain	2,018	central_bank_of_chile	20,848
they discussed the extent to which this should be interpreted as a signal that demand was weaker than previously assumed.	dovish	forward looking	uncertain	2,023	reserve_bank_australia	7,562
the slack in the labor force, meanwhile, had increased for the third consecutive month in june, with growth in the unemployment and time gaps more than offsetting the lack of substantial changes in the participation gap.	dovish	not forward looking	certain	2,017	bank_of_korea	18,803
on a yearto-date basis, commercial vehicle sales slowed down to 17.5 percent from 21.7 percent in the comparable period last year.	neutral	not forward looking	certain	2,008	bank_of_phillipines	5,771
the mb considered the following developments: - year-on-year headline inflation in july was unchanged at 3.9 percent from the previous month’s inflation rate as lower non-food inflation was offset by marginally higher food inflation.	neutral	not forward looking	certain	2,010	bank_of_phillipines	5,792
the slowdown in private sector investment demand is evolving simultaneously with growing government investment.	dovish	not forward looking	certain	2,023	central_bank_of_russia	13,301
up to the date of this meeting, the effect on the thai financial markets was not evident, but the development, particularly in the exchange rate market, warranted close monitoring in the periods ahead.	neutral	forward looking	certain	2,015	bank_of_thailand	8,450
in the united states, which is colombia’s major trading partner, gdp during the second quarter of 2010 was revised downward from 2.4% (a/q) to 1.6% (a/q), primarily because of slower growth in investments and exports.	dovish	not forward looking	certain	2,010	bank_of_colombia	992
the very limited available information on economic activity abroad in the third quarter suggested continued sluggish expansion in the euro area and japan, moderate growth in the united kingdom, further brisk recovery in canada, and ongoing recovery in emerging asia.	neutral	not forward looking	uncertain	2,002	fomc	6,295
in february, the annual consumer price growth rate rose to 5.7% vs 5.2% in january and, according to the 15 march assessments, reached 5.8%.	hawkish	not forward looking	certain	2,021	central_bank_of_russia	13,473
alternative scenarios for the economic and financial impact of the war, which would be published together with the projections, foresaw that economic activity could be dampened significantly by a steeper rise in energy and commodity prices and a more severe drag on trade and sentiment.	dovish	forward looking	certain	2,022	ecb	24,803
going forward, the growth momentum would be sustained by the following factors: (1) expanding private consumption supported by strong farm income; (2) rising private investment due to the need to expand production capacity as reflected by accelerated corporate credit growth; (3) government spending; and (4) continued export expansion to meet demand from both developed and emerging markets as recovery takes hold.	dovish	forward looking	certain	2,011	bank_of_thailand	8,153
equally, geopolitical tensions could increase	dovish	forward looking	uncertain	2,024	swiss_national_bank	2,813
however, a significant downturn in the global economy would induce an abrupt easing in cost and price pressures, causing domestic inflation to come in materially lower than expected.	dovish	forward looking	uncertain	2,024	monetary_authority_singapore	22,744
from the beginning of this year, continuously buoyant demand for electronic parts and components and information and communication products, as well as stronger sales of traditional manufacturing merchandise, boosted taiwans export growth substantially	dovish	not forward looking	certain	2,021	central_bank_taiwan	23,118
the current decision does not necessarily imply a cycle of successive increases in the reference rate	neutral	forward looking	uncertain	2,021	central_reserve_bank_peru	19,990
the role of direct financing will be further tapped to meet the diverse demand for investment and funding, and to promote sound development of the financial markets.	dovish	forward looking	certain	2,012	peoples_bank_of_china	9,319
the world economy was also strong.	hawkish	not forward looking	certain	2,007	bank_of_england	4,657
on average, external forecasters expect inflation to return gradually towards the target over the forecast period, reaching 2% at the three-year horizon (chart b).	neutral	forward looking	uncertain	2,020	bank_of_england	4,921
it was added that it was important to bear in mind that the advantage of the inflation targeting scheme was that by establishing a two-year horizon, it avoided reacting to shocks that had transitory effect on inflation dynamics and did not jeopardize the achievement of the target.	neutral	forward looking	certain	2,022	central_bank_of_chile	20,955
over the past 12 months, prices of tradable goods in the cpi declined by 2.2 percent, and the prices of nontradable items increased by 0.5 percent.	neutral	not forward looking	certain	2,016	bank_of_israel	12,051

however, available activity and perception indicators for the fourth quarter continue to show a low dynamism in the economy and reveal that several of the downside risks in growth would be materializing.the credit slowdown continued in the last month, explained mainly by the moderation in household indebtedness, particularly in the consumer modality.the commercial credit also slowed down in november and registered an annual growth of 5.1%.in november, annual consumer inflation increased for the fourth consecutive month and stood at 4.12%, above that expected by the technical staff and by the market.

hawkish

not forward looking

certain

2,017

bank_of_colombia

291

the member’s assessment was that, although korea’s economic growth had been driven by facilities investment related to it sector exports and by construction investment associated with household debt, the economic recovery had so far not been transmitted fully to household income.

dovish

not forward looking

certain

2,018

bank_of_korea

18,343

on the other hand, core inflation over the last 12 months was 1.3 percent

neutral

not forward looking

certain

2,006

central_reserve_bank_peru

19,041

board members reached a unanimous decision to raise the policy rates by 0.125 percentage points

hawkish

forward looking

certain

2,023

central_bank_taiwan

23,492

in the domestic market, price changes of most domestic petroleum products showed mixed trends compared to end-2020 levels.

neutral

not forward looking

certain

2,021

bank_of_phillipines

5,788

most market participants expected the mpc to keep the policy interest rate unchanged at this meeting.

neutral

forward looking

uncertain

2,013

bank_of_thailand

8,218

the member thus noted that it was necessary to prevent, as much as possible, the coronavirus shock from leading to permanent damage to the foundation for growth.

dovish

forward looking

certain

2,020

bank_of_korea

18,632

in addition, there remained signs of weakened debt serviceability among smes and households, as reflected in rising non-performing loan (npl) ratios over recent periods.

dovish

forward looking

uncertain

2,016

bank_of_thailand

8,258

the bank expects inflation will stay around the 2 percent target over the projection horizon, with some fluctuations in 2020 from volatility in energy prices.

neutral

forward looking

uncertain

2,020

bank_of_canada

10,816

annual real gdp growth declined to 3.4 percent in 2016/17 q1 after averaging 4.3 percent between 2014/15 and 2015/16.

dovish

not forward looking

certain

2,017

central_bank_of_egypt

17,118

banks were still keenly bidding for deposits across the yield curve.

neutral

not forward looking

certain

2,008

reserve_bank_australia

7,807

available information suggested that growth in business spending on capital goods likely would slow further in the months ahead.

dovish

forward looking

uncertain

1,998

fomc

6,990

although business fixed investment in the second quarter was a little lower than had been expected, participants noted that this development appeared mainly to reflect the timing of purchases, particularly of transportation equipment, and not weakness in the underlying trend.

neutral

not forward looking

uncertain

2,006

fomc

6,367

manufacturing was once again the principal drag on overall output, despite the continued easing in supply bottlenecks that had particularly benefited car production and sales.

dovish

not forward looking

certain

2,023

ecb

24,911

inflation reached 2.9 in may and is likely to remain at an elevated level for the time being

hawkish

forward looking

uncertain

2,022

swiss_national_bank

2,824

the higher volatility went hand in hand with a deterioration in market liquidity.

dovish

not forward looking

certain

2,022

ecb

24,367

there was no change to the width of the policy band.

neutral

not forward looking

certain

2,020

monetary_authority_singapore

22,160

staying committed to the central task of economic development, the two unwavering commitments and the underlying principle of pursuing progress while ensuring stability, the pbc will apply the new development philosophy fully, faithfully and comprehensively, and speed up the building of a new development paradigm.

neutral

forward looking

certain

2,022

peoples_bank_of_china

9,619

local economic activity has been recovering

neutral

not forward looking

certain

2,016

central_reserve_bank_peru

19,671

nevertheless, the director cautioned that prices of services continued to rise markedly and, like core inflation, tend to resist downward change; it was important to prevent inflation expectations from firming up

hawkish

not forward looking

certain

2,023

central_bank_taiwan

23,091

mas intervened significantly in q4 2004 and into early 2005 to moderate excessive upward pressure on the s$.

hawkish

not forward looking

certain

2,005

monetary_authority_singapore

22,418

the committee called for strengthening of macroeconomicmanagement to ensure a continuously steady development of the chinese economyas well as a basic stability of the price level.

dovish

forward looking

certain

2,006

peoples_bank_of_china

9,143

the 1st vice minister commented that the domestic economy was likely to maintain its robust movements for the time being, against a background of sustained buoyancy of domestic demand and exports and increased private sector employment.

hawkish

not forward looking

certain

2,011

bank_of_korea

18,456

it will put efforts into implementing the action plan for stepping up support for the financing of sci-tech enterprises, and guide financial institutions to issue more medium and long-term (mlt) loans to the manufacturing sector, so as to expedite the building of a modern industrial system.

dovish

forward looking

certain

2,023

peoples_bank_of_china

9,688

several leading and coincident indicators confirm the copoms evaluation regarding the positive activity trend

neutral

not forward looking

certain

2,004

brazil_copom

16,608

meanwhile, the long-term government bond yields in major economies declined, the us dollar index fell from its peak levels, and major currencies broadly appreciated against the us dollar

dovish

not forward looking

certain

2,023

central_bank_taiwan

23,324

added to this is the major downward adjustment in perishable food and non-tradable inflation, excluding food and regulated prices, and the possible adverse effects the us recession and the world crisis might have on colombia’s economic growth, apart from the uncertainty surrounding the fate and sustainability of developments in the venezuelan economy.

dovish

forward looking

uncertain

2,008

bank_of_colombia

436

the recent escalation of trade tensions point to weaker global trade going forward, with increasing signs of spillovers to domestic economic activity in a number of countries

dovish

forward looking

uncertain

2,019

bank_negara_malaysia

21,074

in this sense, some services stood out, which could have been affected by the extension of quarantines, lagged openings and/or because part of them continued to be imputed.

neutral

not forward looking

certain

2,021

central_bank_of_chile

20,372

the annual rate of growth had fallen to 0.7%, the lowest rate since 1992.

dovish

not forward looking

uncertain

1,999

bank_of_england

4,125

a36 manufacturing input prices had risen by 1.8% in october.

hawkish

not forward looking

certain

2,004

bank_of_england

4,997

after declining in july, the value of retail sales rose in august and september, but was unchanged in october.

hawkish

not forward looking

certain

2,012

reserve_bank_australia

7,097

rbi consumer headline inflation estimate for the year is raised to 5.7 per cent, which implies the real rate has fallen further and is now too negative.

dovish

not forward looking

certain

2,022

rbi

11,931

developments abroad represent the main risk

neutral

not forward looking

certain

2,024

swiss_national_bank

2,995

meanwhile, in response to international agricultural commodity prices and exchange rate developments, the egg and poultry items that have a significant weight in the other unprocessed food group posted noticeable price increases.

hawkish

not forward looking

certain

2,020

central_bank_republic_of_turkey

14,618

headline inflation is expected to moderate in 2012 with improved domestic supply and stable demand conditions

dovish

forward looking

uncertain

2,012

bank_negara_malaysia

21,287

for instance, private investment is forecast to expand faster in the coming three quarters from the second quarter onwards than last year, and the governments forward-looking infrastructure development program is also expected to propel growth in public and private investment this year

dovish

forward looking

certain

2,019

central_bank_taiwan

23,089

persistent headwinds from deleveraging and lingering uncertainty will influence the extent to which some oil-importing countries benefit from lower prices.

dovish

forward looking

certain

2,015

bank_of_canada

10,717

on the domestic front, prices of petroleum products increased compared to their end-2018 levels.

neutral

not forward looking

certain

2,019

bank_of_phillipines

5,733

for the malaysian economy, latest indicators show that economic activity strengthened further in the third quarter, driven primarily by robust domestic demand

dovish

not forward looking

certain

2,022

bank_negara_malaysia

21,273

in respect of external demand, sluggish global final demand, ongoing inventory adjustments, and a higher base effect combined to drag taiwans exports down by 16.9 year on year for the first five months of 2023

neutral

not forward looking

certain

2,023

central_bank_taiwan

23,578

this was the period of highest fear and uncertainty that very likely affected consumer responses.

neutral

not forward looking

certain

2,021

rbi

11,723

global headline and core inflation continued to edge downwards in recent months with some central banks commencing monetary policy easing

dovish

not forward looking

certain

2,024

bank_negara_malaysia

21,070

household and capital spending will continue to be driven by stable labour market conditions and capacity expansion in key sectors such as manufacturing and services

dovish

forward looking

certain

2,019

bank_negara_malaysia

21,606

as a result, growth in domestic demand will continue to outpace the supply expansion capacity, intensifying underlying inflationary pressures in the economy.

hawkish

forward looking

certain

2,023

central_bank_of_russia

13,269

although the accommodation observed in the last two quarters has been more intense than the expected at the start of the year, as evidenced, among others, by data on inventories and industrial production, the prospects for the evolution of domestic economic activity remain favorable

neutral

forward looking

uncertain

2,010

brazil_copom

16,611

growth in consumer spending declined in recent months from the already modest pace in the first quarter.

dovish

not forward looking

certain

2,011

fomc

6,565

in light of the international crisis effects over domestic financial conditions, credit contribution for the support of domestic demand diminished, but signs of recovery continue to accumulate, in particular regarding loans to individuals

neutral

not forward looking

certain

2,009

brazil_copom

16,539

the member then expressed the recognition that, if the current pace of purchases continued, however, the bank could not avoid a situation where jgb purchases would become more difficult through 2018.

hawkish

forward looking

certain

2,017

bank_of_japan

1,219

this deceleration is expected to continue with the weaker demand conditions and lower imported inflation

dovish

forward looking

uncertain

2,009

bank_negara_malaysia

21,323

the euro area net lending position, as a percentage of nominal gdp, had continued to increase over the last year and a half, despite the strong recovery in domestic demand.

dovish

forward looking

certain

2,016

ecb

24,861

it was underlined that industrial output was declining in year-on-year terms in almost all major world economies and global growth forecasts were lowered

dovish

forward looking

certain

2,019

national_bank_poland

15,393

according to the bank of russia’s forecast, gradual easing of internal financial conditions, lower debt burden and improved business sentiment in 2016 h2 will pave the way for investment and production recovery in 2017.

dovish

forward looking

certain

2,015

central_bank_of_russia

13,783

meanwhile, one member expressed the opinion that it would be desirable to adjust the base rate downward by 25 basis points from the current 1.5 percent to 1.25 percent this month.

dovish

forward looking

certain

2,016

bank_of_korea

18,392

the unemployment rate and the annual expansion of nominal and real wages continued to be around 7%, 4% and 1%, respectively.

neutral

not forward looking

certain

2,019

central_bank_of_chile

20,373

exports of industrial supplies and consumer goods also moved up smartly in september.

dovish

not forward looking

certain

2,007

fomc

6,112

year-on-year inflation fell from 1.8 percent in march to 1.7 percent in april

dovish

not forward looking

certain

2,020

central_reserve_bank_peru

19,498

non-gilt issuance, which had been low in march, had returned in april to a level close to the average from october to february.

neutral

not forward looking

uncertain

2,001

bank_of_england

4,317

consequently, the bank maintains the assessment that with the expected moderation in inflation in the medium term, the greater priority is to avoid a fundamental downturn in economic activity

dovish

forward looking

uncertain

2,008

bank_negara_malaysia

21,729

some members considered that the balance of risks around the projected trajectory of inflation remains uncertain.

neutral

forward looking

uncertain

2,021

bank_of_mexico

3,918

consequently, corporate bond conditions on the capital markets have become attractive

dovish

not forward looking

certain

2,010

swiss_national_bank

2,529

forecasts of growth in europe were revised downwards, and according to the eurostat forecast, growth in the eurozone in 2009 is expected to be between minus one percent and zero, and in 2010, between 0.5 percent and 1.5 percent.

hawkish

forward looking

certain

2,008

bank_of_israel

12,102

another member noted that the negative output gap continues to be above 4% and is not expected to close before 2023.

dovish

forward looking

uncertain

2,021

bank_of_mexico

3,969

on the supply side, growth in 2014 was supported by services and industry, particularly manufacturing.

neutral

not forward looking

certain

2,015

bank_of_phillipines

5,375

moreover, indicators of global economic activity confirm an improvement in the global growth outlook

neutral

not forward looking

certain

2,011

central_reserve_bank_peru

19,712

for this meeting they considered three options: (i) raise the mpr by 100 basis points (bp); (ii) raise the mpr by 125bp; and (iii) raise the mpr by 150bp.

hawkish

forward looking

uncertain

2,021

central_bank_of_chile

20,340

in canada, uncertain global and domestic economic conditions are delaying the pick-up in exports and business investment, leaving the level of economic activity lower than the bank had been expecting.

dovish

not forward looking

uncertain

2,013

bank_of_canada

10,543

meanwhile, accommodation costs are expected to fall, in part due to the decline in foreign employment.

dovish

forward looking

uncertain

2,020

monetary_authority_singapore

22,376

on 5 november, the government had announced that the coronavirus job retention scheme (cjrs) would be extended until the end of march, with employees receiving 80% of their current salary for hours not worked.

dovish

forward looking

certain

2,020

bank_of_england

4,589

the december quarter 2020 national accounts showed that gdp in australia had recovered to close to pre-pandemic levels, whereas gdp was still considerably below pre-pandemic levels in many other countries.

hawkish

not forward looking

certain

2,021

reserve_bank_australia

7,193

it also increased the interest rate on exchange settlement balances by 25 basis points to 3 per cent.

hawkish

not forward looking

certain

2,022

reserve_bank_australia

7,843

in canada, real gdp growth is expected to slow to 2.2 per cent in 2018 and 1.6 per cent in 2019, following an estimated 3.0 per cent in 2017.

neutral

forward looking

uncertain

2,018

bank_of_canada

10,340

s$ nominal effective exchange rate (s$neer) the s$neer had fallen sharply in q1 2020.

dovish

not forward looking

certain

2,020

monetary_authority_singapore

22,444

third, there would be more public spending to support ukraine and the refugees.

neutral

forward looking

certain

2,022

ecb

24,711

inflation in february showed a rate of 0.17 percent, as a result of which the interannual of inflation fell from 4.6 percent january to 4.5 percent in february

dovish

not forward looking

certain

2,016

central_reserve_bank_peru

19,952

this highly adverse price shock has shown that it will be with us for some time to come and the probability of new highs will increase as winter in the northern hemisphere approaches

hawkish

forward looking

uncertain

2,000

brazil_copom

16,362

the recovery in economic activities requires support from consumer spending.

dovish

forward looking

certain

2,020

rbi

11,159

some members noted that economic activity in advanced economies is expected to grow at a lower rate overall in 2024.

dovish

forward looking

uncertain

2,024

bank_of_mexico

3,550

faster growth of food prices to 5.9% (vs 5.5% in january 2019) played a significant role in the inflation rise in february.

hawkish

not forward looking

certain

2,019

central_bank_of_russia

13,158

meanwhile, the longer-term rates had risen less than their external counterparts, in a context in which the local risk indicators remained contained.

neutral

not forward looking

certain

2,018

central_bank_of_chile

20,848

they discussed the extent to which this should be interpreted as a signal that demand was weaker than previously assumed.

dovish

forward looking

uncertain

2,023

reserve_bank_australia

7,562

the slack in the labor force, meanwhile, had increased for the third consecutive month in june, with growth in the unemployment and time gaps more than offsetting the lack of substantial changes in the participation gap.

dovish

not forward looking

certain

2,017

bank_of_korea

18,803

on a yearto-date basis, commercial vehicle sales slowed down to 17.5 percent from 21.7 percent in the comparable period last year.

neutral

not forward looking

certain

2,008

bank_of_phillipines

5,771

the mb considered the following developments: - year-on-year headline inflation in july was unchanged at 3.9 percent from the previous month’s inflation rate as lower non-food inflation was offset by marginally higher food inflation.

neutral

not forward looking

certain

2,010

bank_of_phillipines

5,792

the slowdown in private sector investment demand is evolving simultaneously with growing government investment.

dovish

not forward looking

certain

2,023

central_bank_of_russia

13,301

up to the date of this meeting, the effect on the thai financial markets was not evident, but the development, particularly in the exchange rate market, warranted close monitoring in the periods ahead.

neutral

forward looking

certain

2,015

bank_of_thailand

8,450

in the united states, which is colombia’s major trading partner, gdp during the second quarter of 2010 was revised downward from 2.4% (a/q) to 1.6% (a/q), primarily because of slower growth in investments and exports.

dovish

not forward looking

certain

2,010

bank_of_colombia

992

the very limited available information on economic activity abroad in the third quarter suggested continued sluggish expansion in the euro area and japan, moderate growth in the united kingdom, further brisk recovery in canada, and ongoing recovery in emerging asia.

neutral

not forward looking

uncertain

2,002

fomc

6,295

in february, the annual consumer price growth rate rose to 5.7% vs 5.2% in january and, according to the 15 march assessments, reached 5.8%.

hawkish

not forward looking

certain

2,021

central_bank_of_russia

13,473

alternative scenarios for the economic and financial impact of the war, which would be published together with the projections, foresaw that economic activity could be dampened significantly by a steeper rise in energy and commodity prices and a more severe drag on trade and sentiment.

dovish

forward looking

certain

2,022

ecb

24,803

going forward, the growth momentum would be sustained by the following factors: (1) expanding private consumption supported by strong farm income; (2) rising private investment due to the need to expand production capacity as reflected by accelerated corporate credit growth; (3) government spending; and (4) continued export expansion to meet demand from both developed and emerging markets as recovery takes hold.

dovish

forward looking

certain

2,011

bank_of_thailand

8,153

equally, geopolitical tensions could increase

dovish

forward looking

uncertain

2,024

swiss_national_bank

2,813

however, a significant downturn in the global economy would induce an abrupt easing in cost and price pressures, causing domestic inflation to come in materially lower than expected.

dovish

forward looking

uncertain

2,024

monetary_authority_singapore

22,744

from the beginning of this year, continuously buoyant demand for electronic parts and components and information and communication products, as well as stronger sales of traditional manufacturing merchandise, boosted taiwans export growth substantially

dovish

not forward looking

certain

2,021

central_bank_taiwan

23,118

the current decision does not necessarily imply a cycle of successive increases in the reference rate

neutral

forward looking

uncertain

2,021

central_reserve_bank_peru

19,990

the role of direct financing will be further tapped to meet the diverse demand for investment and funding, and to promote sound development of the financial markets.

dovish

forward looking

certain

2,012

peoples_bank_of_china

9,319

the world economy was also strong.

hawkish

not forward looking

certain

2,007

bank_of_england

4,657

on average, external forecasters expect inflation to return gradually towards the target over the forecast period, reaching 2% at the three-year horizon (chart b).

neutral

forward looking

uncertain

2,020

bank_of_england

4,921

it was added that it was important to bear in mind that the advantage of the inflation targeting scheme was that by establishing a two-year horizon, it avoided reacting to shocks that had transitory effect on inflation dynamics and did not jeopardize the achievement of the target.

neutral

forward looking

certain

2,022

central_bank_of_chile

20,955

over the past 12 months, prices of tradable goods in the cpi declined by 2.2 percent, and the prices of nontradable items increased by 0.5 percent.

neutral

not forward looking

certain

2,016

bank_of_israel

12,051