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
they also pointed out the near-zero growth in producer prices, and emphasised that slower price growth was accompanied by slightly lower inflation expectations, both among households and enterprises	dovish	not forward looking	certain	2,018	national_bank_poland	15,449
the ratio of real estate loans to total loans concentration of banks lending in real estate loans increased to 37.5 at the end of august, close to the historical high of 37.9	dovish	not forward looking	certain	2,024	central_bank_taiwan	23,961
going forward, private sector activity will remain the key driver of growth	dovish	forward looking	certain	2,017	bank_negara_malaysia	21,647
as the negative output gap narrows, core inflation should rise gradually from its current subdued levels but remain below its historical average.	hawkish	forward looking	uncertain	2,021	monetary_authority_singapore	22,004
the pbc will innovate and improve marco adjustments and use a combination of monetary policy instruments to keep the rmb exchange rate generally stable at an adaptive and equilibrium level, strike a balance among interest rates, exchange rates and the country’s balance of payments, facilitate the stable and sound development of economy, stabilize market expectations, prevent and defuse financial risks, and hold the bottom line of preventing systemic financial risks.	neutral	forward looking	certain	2,018	peoples_bank_of_china	9,249
core inflation, as measured by the cpiefe, had been more subdued, but it was expected to accelerate over the months.	hawkish	forward looking	uncertain	2,018	central_bank_of_chile	20,078
the movement in the past month had been broadly consistent with interest differentials, but was less easy to reconcile with the apparent strength of domestic recovery in the united states relative to the euro area.	neutral	not forward looking	uncertain	2,002	bank_of_england	4,644
once duties and petroleum products were excluded, output price inflation was broadly stable at around 1½%.	neutral	not forward looking	certain	2,005	bank_of_england	4,407
the deceleration of inflation implies a return to normal monthly dynamics given the recent tightening cycle, with the receding impact of previous exchange rate and supply shocks.	dovish	forward looking	uncertain	2,024	central_bank_of_egypt	17,880
he/she considered that the balance of risks to growth remains biased to the downside.	hawkish	not forward looking	certain	2,022	bank_of_mexico	3,767
consumer expectations (ipec) had improved from the previous meeting, but were still in pessimistic territory.	dovish	not forward looking	uncertain	2,021	central_bank_of_chile	20,093
however, the member expressed the opinion that high inflationary pressures would persist longer than expected, due not only to supply disruptions, but also to rapid recovery in demand, and changes in the labor supply and demand structure.	hawkish	forward looking	certain	2,022	bank_of_korea	18,378
another member recalled that inflation in said country has been persistently low in recent years, and that thus it is still to be seen if, on this occasion, the economic recovery will have a sustained effect on prices.	dovish	not forward looking	certain	2,021	bank_of_mexico	3,265
supported by central bank actions and by positive policy developments in europe, global financial conditions are more stimulative.	dovish	not forward looking	certain	2,013	bank_of_canada	10,829
overall inflation is expected to come in lower this year, between 1.0% to 0%.	dovish	forward looking	uncertain	2,002	monetary_authority_singapore	22,105
the member’s assessment was that monetary policy still remained accommodative, in view of abundant market liquidity conditions.	dovish	not forward looking	certain	2,019	bank_of_korea	18,238
we will undertake appropriate monetary policy actions accordingly in an attempt to fulfill the central banks statutory mandate	neutral	forward looking	certain	2,017	central_bank_taiwan	23,927
the member commented that there were heavier depreciation pressures on the won and greater incentives for an increase in external debt, as residents’ direct and indirect overseas investment had been expanding and foreigners’ domestic portfolio investment was continuing to show a net outflow with the current account surplus narrowing sharply entering this year.	hawkish	not forward looking	certain	2,022	bank_of_korea	18,192
in addition, global energy prices, which started to recede from the levels they hit towards the end of september, pose a risk with a re-increase amid geopolitical problems.	hawkish	forward looking	certain	2,023	central_bank_republic_of_turkey	14,256
the cbe remains committed to take all actions necessary to ensure price stability over the medium term.	neutral	forward looking	certain	2,005	central_bank_of_egypt	17,311
these factors will continue to hold back the global economy over the coming months	dovish	forward looking	certain	2,016	swiss_national_bank	2,037
the vote encompassed approval of the statement below to be released at 2:00 p.m.: information received since the federal open market committee met in january suggests a return to moderate economic growth following a pause late last year.	neutral	not forward looking	certain	2,013	fomc	6,697
headline and core inflation were slightly below the previous assessment but remained stable.	neutral	forward looking	certain	2,014	bank_of_thailand	8,483
in emerging economies, in general, monetary policy bias is expansionist	neutral	not forward looking	certain	2,012	brazil_copom	16,067
some council members additionally observed that in central and eastern europe despite inflation running above the targets in some of the economies central banks had not signalled a tightening of monetary policy	neutral	not forward looking	certain	2,019	national_bank_poland	15,859
all the participants in the meeting agreed that the economy, both externally and internally, had behaved within the framework depicted in the baseline scenario of the last monetary policy report, although risks remained and had even varied on some fronts.	neutral	not forward looking	certain	2,018	central_bank_of_chile	20,798
on balance, financial conditions remained supportive of fund mobilization by the private sector and ongoing recovery, as bank lending and corporate bond issuances continued expanding.	hawkish	not forward looking	certain	2,023	bank_of_thailand	8,847
summing up, mr praet noted that financial conditions had eased since the governing council’s march 2019 monetary policy meeting.	dovish	not forward looking	certain	2,019	ecb	24,252
some international energy agency member countries had also agreed to release additional oil from their emergency stocks in response to the ongoing disruption of supplies from libya.	neutral	not forward looking	certain	2,011	bank_of_england	4,051
health tax receipts in june, which provide an indication of wage payments in that month, were 7.6 percent higher, in nominal terms, than in june 2010 (excluding the effect of legislative changes).	hawkish	not forward looking	certain	2,011	bank_of_israel	12,309
lower prospective growth in demand was expected to reduce both goods and services inflation over time.	dovish	forward looking	uncertain	2,023	reserve_bank_australia	7,127
the board is especially attentive to new information referring to inflation expectations and the evolution of economic activity to consider, if necessary, changes in the monetary policy position	neutral	forward looking	certain	2,021	central_reserve_bank_peru	19,172
this lessened the trade-off that the mpc was required to balance and, all else equal, reduced the mpc’s tolerance of above-target inflation.	hawkish	not forward looking	certain	2,017	bank_of_england	4,941
meanwhile, banks excess reserves stayed at levels between nt40 billion and nt60 billion	neutral	not forward looking	certain	2,020	central_bank_taiwan	23,837
recent indicators suggest that the depreciation in the turkish lira and the repercussions through confidence channel may lead to a slowdown in domestic demand in the first quarter of the year.	dovish	forward looking	uncertain	2,017	central_bank_republic_of_turkey	14,916
in japan, the tankan indicator increased for the fifth consecutive month, registering a record high since in europe, business confidence remained flat, although consumer confidence increased	neutral	not forward looking	certain	2,004	brazil_copom	16,060
the average inflation rate for the first 9 months is 7.9 percent.	neutral	not forward looking	certain	2,005	bank_of_phillipines	5,448
chinese annual consumer price inflation had been unchanged in august, at 5.3%.	neutral	not forward looking	certain	2,004	bank_of_england	4,778
the sluggish outlook in tourism sector continues to have a negative impact on the current account balance, which, however, is alleviated by the lagged pass-through of terms-of-trade developments and the moderate course of loans.	dovish	not forward looking	certain	2,017	central_bank_republic_of_turkey	14,458
the recovery thus remains incomplete	irrelevant	forward looking	certain	2,020	swiss_national_bank	2,237
they pointed to the continuing moderate wage growth in enterprises, and argued that the risk of second round effects was reduced by increased level of unemployment, freezing of aggregate wages in the public finance sector in 2011 and limited role of trade unions in wage-setting in the polish economy	dovish	not forward looking	certain	2,011	national_bank_poland	15,061
participants observed that the recent partial federal government shutdown had presented a significant hardship for many families.	dovish	not forward looking	certain	2,019	fomc	6,579
however, with firms' persistent sense of excessive capital stock, the pace of improvement in business fixed investment was likely to remain moderate.	dovish	forward looking	certain	2,010	bank_of_japan	1,150
the point was also made that the june projections did not take into account the commission’s recovery fund proposal or recently announced national fiscal measures, which could entail an upside risk to the economic outlook contained in the staff projections.	neutral	forward looking	uncertain	2,020	ecb	24,586
this brought the january-april 2004 annual growth of imports to 6.9 percent.	neutral	not forward looking	certain	2,004	bank_of_phillipines	5,590
the impact of automatic tax increases is also visible in bottled gas prices.	hawkish	not forward looking	certain	2,024	central_bank_republic_of_turkey	14,532
some council members were of the opinion that wage growth in the following quarters should not accelerate significantly and emphasised that the available forecasts indicated it would stabilise at around 7	neutral	forward looking	certain	2,018	national_bank_poland	15,966
in this scenario, the peruvian economy maintains sound fundamentals	neutral	not forward looking	uncertain	2,016	central_reserve_bank_peru	19,042
from january to may, the trade balance registered a surplus of us 601 million, reducing the accumulated 12 month deficit to us 132 million	dovish	not forward looking	certain	2,000	brazil_copom	16,316
a few members noted that shortages of raw material and labor were constraining some sectors and, in the context of the elevated inflation expectations, would drive pass-through of costs to final goods and services prices in the period ahead.	hawkish	forward looking	certain	2,012	bank_of_thailand	8,606
this reflects the uncertainty associated with trade conflicts, continuing adjustment in the energy sector, and the unwinding of temporary factors that boosted growth in the second quarter.	neutral	not forward looking	uncertain	2,019	bank_of_canada	10,333
the member added that aggressive financial support was also needed for businesses and vulnerable groups experiencing a temporary crisis triggered by an unexpected shock.	dovish	forward looking	certain	2,020	bank_of_korea	18,300
corporate bond yields had declined alongside the fall in government bond yields and a narrowing of credit spreads.	dovish	not forward looking	certain	2,023	reserve_bank_australia	7,829
the region’s stock markets have dropped, but not as much as those in the developed countries.	neutral	not forward looking	certain	2,010	bank_of_colombia	128
this meant leaving no doubt about the need for a normalization of monetary policy, but, in turn, ensuring that this normalization would be done gradually and with caution.	hawkish	forward looking	certain	2,018	central_bank_of_chile	20,719
the nominal effective exchange rate of the shekel, calculated as the average shekel exchange rate against 24 currencies (representing 33 countries) weighted according to the volume of israel's trade with those countries, showed a shekel appreciation of about 0.5 percent in the period from february 23 to march 19.	neutral	not forward looking	certain	2,009	bank_of_israel	12,379
while chile’s economic indicators were yet to reflect the effects of these disruptions, the progression of the virus in other countries pointed at significant impacts on the affected firms’ sales and cash flows.	neutral	forward looking	certain	2,020	central_bank_of_chile	20,447
- growth in commercial bank lending rose to 11.1 percent year-on-year in october from 6.1 percent in september, driven mainly by loans to the financial institutions, real estate and business services (firebs) sector; the community, social and personal services sector; and the wholesale and retail trade sector.	dovish	not forward looking	certain	2,006	bank_of_phillipines	5,139
(iv) private consumption grew at a rate close to its historic average, and it is feasible to expect it will slow somewhat this year, but not significantly.	neutral	forward looking	certain	2,013	bank_of_colombia	377
3,50 percent for direct temporary purchases of securities and monetary regulation credits b	neutral	not forward looking	certain	2,003	central_reserve_bank_peru	19,334
accordingly, higher annual non-food inflation led annual core inflation to increase slightly to 2.7 percent in october 2019 from 2.6 percent in september 2019, the lowest rate since april 2006.	hawkish	not forward looking	certain	2,019	central_bank_of_egypt	17,589
the negative impact of lower oil prices will gradually be mitigated by a stronger u.s. economy, a weaker canadian dollar, and the bank’s monetary policy response.	dovish	forward looking	certain	2,015	bank_of_canada	10,784
as had been the case for some time, the flow of new listings for sale remained similar to pre-pandemic levels but total listings were much lower, implying that dwellings were being sold at a rapid pace.	neutral	not forward looking	certain	2,021	reserve_bank_australia	7,834
the pbc will work to improve the market-based mechanism of interest rate formation and transmission and the central bank policy rate system.	dovish	forward looking	certain	2,021	peoples_bank_of_china	9,916
that primarily reflected the very substantial rise in wholesale gas futures prices that had occurred since the may report, most recently due to russia’s restrictions of gas supplies to european markets in july and due to the risk of further curbs.	hawkish	not forward looking	uncertain	2,022	bank_of_england	4,295
one of the members stated that given both the current u.s. business cycle and the timing of the fiscal stimulus, the u.s. economy is expected to continue growing at a robust rate, not only for the remainder of 2018, but also during 2019.	hawkish	forward looking	uncertain	2,018	bank_of_mexico	3,818
but there were signs of improvement in corporate profitability, which could support investment.	dovish	forward looking	uncertain	2,000	bank_of_england	4,786
despite a downward adjustment to the figure for gdp in the fourth quarter of 2009 from 1.1 percent to 0.9 percent, that is still a good figure for growth in japan, as it is based also on consumption and not only on exports.	dovish	not forward looking	certain	2,010	bank_of_israel	12,092
the bank estimates that gdp grew by about 4% in the second quarter.	hawkish	not forward looking	uncertain	2,022	bank_of_canada	10,750
in case of a failure in implementing the macroeconomic rebalancing process rapidly and effectively enough to bring inflation down amid high inflation rates and risk premium levels, inflation and exchange rate expectations may feed each other and undermine the disinflation process.	hawkish	forward looking	uncertain	2,018	central_bank_republic_of_turkey	14,312
bank staff were continuing to analyse the significance within m4 of ofis’ holdings but no new information had come to hand.	irrelevant	not forward looking	uncertain	1,997	bank_of_england	4,876
in fact, recent orders and shipments data suggested an upturn in spending for new equipment, but the improvement was still quite limited, unevenly distributed across industries, and not yet firmly indicative of a sustained advance.	neutral	not forward looking	uncertain	2,002	fomc	6,989
on the negative side, there were few indications of a possible upturn in commercial construction activity.	hawkish	forward looking	uncertain	2,003	fomc	6,279
some members pointed out that the unemployment rate increased.	dovish	forward looking	certain	2,024	bank_of_mexico	3,317
concurrently, however, weakness persisted in business capital expenditures, which members continued to view as the critical factor inhibiting the economic expansion.	dovish	not forward looking	certain	2,003	fomc	6,492
economic growth might accelerate to 2-3% by 2022 should the government’s measures for overcoming structural constraints, including the implementation of national projects, be realised.	dovish	forward looking	uncertain	2,019	central_bank_of_russia	13,804
for the whole of 2009, the cpi inflation forecast is unchanged at -1% to 0%.	neutral	not forward looking	certain	2,009	monetary_authority_singapore	22,410
the index decreased by 28.7% compared to the highest level reached last year.	irrelevant	not forward looking	certain	2,023	central_bank_republic_of_turkey	14,664
on asian economies, members concurred that china and india continued to show high growth.	neutral	not forward looking	certain	2,008	bank_of_japan	1,041
recent data also suggest that growth in construction loans of all banks have continued to slow	hawkish	not forward looking	uncertain	2,023	central_bank_taiwan	23,006
looking ahead, primary sources of upside price pressures include next years base wage and public sector pay hike and the likely consequence of a private sector pay raise, which could increase hiring costs and in turn feed into the prices of goods and services; further increases in global food prices, adding to upward pressures for domestic prices of food away from home; unabated supply chain disruptions, which could push up the prices of certain goods	hawkish	forward looking	uncertain	2,021	central_bank_taiwan	23,994
this revision is explained, in part, by the actual behavior of the world economy and private spending, which have been weaker than expected financial variablesin june, bank lending (/ and f/c) posted an annual increase of 14.06%, which is similar to the growth observed in recent months.	dovish	not forward looking	certain	2,013	bank_of_colombia	691
the slowdown in the mortgage portfolio, in turn, has been less accentuated with variation rates of 16.4% and 15.6% in the same period.the real interest rates (discounting the cpi excluding food) for the october disbursements for consumer, mortgage, and ordinary and preferential commercial loans were at 15.6%, 9.9%, 9.0%, and 5.6% respectively.	neutral	not forward looking	certain	2,012	bank_of_colombia	664
but there was no case for a further rise.	irrelevant	forward looking	certain	2,000	bank_of_england	4,938
at the same time, it was observed that broader measures of the degree of slack remained elevated.	dovish	not forward looking	certain	2,017	ecb	24,735
the mpc stresses that achieving a tight monetary stance is a necessary condition to attain the cbe’s upcoming inflation targets of 7 percent (± 2 percentage points) on average by 2024 q4 and 5 percent (± 2 percentage points) on average by 2026 q4.	hawkish	forward looking	certain	2,023	central_bank_of_egypt	17,263
amid the weakened global economic conditions, activity growth has also declined in poland	dovish	not forward looking	certain	2,023	national_bank_poland	15,730
these members agreed that the projected rates of increase in the cpi presented in the october 2018 outlook report were somewhat lower, mainly for fiscal 2018, than those in the july outlook report.	dovish	forward looking	certain	2,018	bank_of_japan	1,401
there were still risks from a number of sources in advanced and emerging economies, however, including any disorderly outcome from a failure to reach agreement on a new greek programme.	neutral	forward looking	uncertain	2,015	bank_of_england	4,605
in the committee’s judgment, the economy overall continued to recover.	dovish	not forward looking	uncertain	2,023	bank_of_thailand	8,174
i voted, however, for holding the rate unchanged through the june and august meetings to allow transitory effects to fully pass.	neutral	forward looking	certain	2,018	rbi	11,969
for the time being, it intends to keep the three-month libor rate in the middle of the target range at 0.75	neutral	not forward looking	certain	2,004	swiss_national_bank	2,543
effective supply management by the government, as in the recent past, could help in keeping food inflation under check.	hawkish	not forward looking	certain	2,018	rbi	11,229
core inflation in february showed a of 0.32 percent and thus accumulated a rate of 3.79 percent in the last 12 months	neutral	not forward looking	certain	2,012	central_reserve_bank_peru	19,050
nevertheless, it should be noted that the figures in dollars for imports of consumer goods showed an annual growth of 19.9% in january.total exports, in contrast saw a change of -1.1% in january in comparison to the same month in 2012.	neutral	forward looking	certain	2,013	bank_of_colombia	960
the war in ukraine has been a significant factor here, too, in that the prices of many commodities have risen as a result	hawkish	forward looking	certain	2,022	swiss_national_bank	2,454
mr. g. kataoka expressed the following opinions: (1) the possibility of the year-on-year rate of change in the cpi increasing toward 2 percent going forward was low at this point, and (2) further coordination of fiscal and monetary policy was important in order to achieve the price stability target of 2 percent at the earliest possible time, and that it was necessary for the bank to make a commitment to taking additional easing measures if it revised downward its assessment of medium- to long-term inflation expectations.	dovish	forward looking	certain	2,018	bank_of_japan	1,319
a few members then referred to the fact that the government recently had laid out measures such as tax cuts for firms that raised wages proactively.	dovish	not forward looking	certain	2,017	bank_of_japan	1,531
results of the bsp’s survey of private sector economists for november 2017 showed that mean inflation forecasts for 2017 and 2019 were steady at 3.3 and 3.4 percent, respectively.	neutral	forward looking	certain	2,017	bank_of_phillipines	5,340
in line with earlier assessments, the average headline inflation is expected to be negative in 2020 due mainly to the substantially lower global oil prices	dovish	forward looking	uncertain	2,021	bank_negara_malaysia	21,971

they also pointed out the near-zero growth in producer prices, and emphasised that slower price growth was accompanied by slightly lower inflation expectations, both among households and enterprises

dovish

not forward looking

certain

2,018

national_bank_poland

15,449

the ratio of real estate loans to total loans concentration of banks lending in real estate loans increased to 37.5 at the end of august, close to the historical high of 37.9

dovish

not forward looking

certain

2,024

central_bank_taiwan

23,961

going forward, private sector activity will remain the key driver of growth

dovish

forward looking

certain

2,017

bank_negara_malaysia

21,647

as the negative output gap narrows, core inflation should rise gradually from its current subdued levels but remain below its historical average.

hawkish

forward looking

uncertain

2,021

monetary_authority_singapore

22,004

the pbc will innovate and improve marco adjustments and use a combination of monetary policy instruments to keep the rmb exchange rate generally stable at an adaptive and equilibrium level, strike a balance among interest rates, exchange rates and the country’s balance of payments, facilitate the stable and sound development of economy, stabilize market expectations, prevent and defuse financial risks, and hold the bottom line of preventing systemic financial risks.

neutral

forward looking

certain

2,018

peoples_bank_of_china

9,249

core inflation, as measured by the cpiefe, had been more subdued, but it was expected to accelerate over the months.

hawkish

forward looking

uncertain

2,018

central_bank_of_chile

20,078

the movement in the past month had been broadly consistent with interest differentials, but was less easy to reconcile with the apparent strength of domestic recovery in the united states relative to the euro area.

neutral

not forward looking

uncertain

2,002

bank_of_england

4,644

once duties and petroleum products were excluded, output price inflation was broadly stable at around 1½%.

neutral

not forward looking

certain

2,005

bank_of_england

4,407

the deceleration of inflation implies a return to normal monthly dynamics given the recent tightening cycle, with the receding impact of previous exchange rate and supply shocks.

dovish

forward looking

uncertain

2,024

central_bank_of_egypt

17,880

he/she considered that the balance of risks to growth remains biased to the downside.

hawkish

not forward looking

certain

2,022

bank_of_mexico

3,767

consumer expectations (ipec) had improved from the previous meeting, but were still in pessimistic territory.

dovish

not forward looking

uncertain

2,021

central_bank_of_chile

20,093

however, the member expressed the opinion that high inflationary pressures would persist longer than expected, due not only to supply disruptions, but also to rapid recovery in demand, and changes in the labor supply and demand structure.

hawkish

forward looking

certain

2,022

bank_of_korea

18,378

another member recalled that inflation in said country has been persistently low in recent years, and that thus it is still to be seen if, on this occasion, the economic recovery will have a sustained effect on prices.

dovish

not forward looking

certain

2,021

bank_of_mexico

3,265

supported by central bank actions and by positive policy developments in europe, global financial conditions are more stimulative.

dovish

not forward looking

certain

2,013

bank_of_canada

10,829

overall inflation is expected to come in lower this year, between 1.0% to 0%.

dovish

forward looking

uncertain

2,002

monetary_authority_singapore

22,105

the member’s assessment was that monetary policy still remained accommodative, in view of abundant market liquidity conditions.

dovish

not forward looking

certain

2,019

bank_of_korea

18,238

we will undertake appropriate monetary policy actions accordingly in an attempt to fulfill the central banks statutory mandate

neutral

forward looking

certain

2,017

central_bank_taiwan

23,927

the member commented that there were heavier depreciation pressures on the won and greater incentives for an increase in external debt, as residents’ direct and indirect overseas investment had been expanding and foreigners’ domestic portfolio investment was continuing to show a net outflow with the current account surplus narrowing sharply entering this year.

hawkish

not forward looking

certain

2,022

bank_of_korea

18,192

in addition, global energy prices, which started to recede from the levels they hit towards the end of september, pose a risk with a re-increase amid geopolitical problems.

hawkish

forward looking

certain

2,023

central_bank_republic_of_turkey

14,256

the cbe remains committed to take all actions necessary to ensure price stability over the medium term.

neutral

forward looking

certain

2,005

central_bank_of_egypt

17,311

these factors will continue to hold back the global economy over the coming months

dovish

forward looking

certain

2,016

swiss_national_bank

2,037

the vote encompassed approval of the statement below to be released at 2:00 p.m.: information received since the federal open market committee met in january suggests a return to moderate economic growth following a pause late last year.

neutral

not forward looking

certain

2,013

fomc

6,697

headline and core inflation were slightly below the previous assessment but remained stable.

neutral

forward looking

certain

2,014

bank_of_thailand

8,483

in emerging economies, in general, monetary policy bias is expansionist

neutral

not forward looking

certain

2,012

brazil_copom

16,067

some council members additionally observed that in central and eastern europe despite inflation running above the targets in some of the economies central banks had not signalled a tightening of monetary policy

neutral

not forward looking

certain

2,019

national_bank_poland

15,859

all the participants in the meeting agreed that the economy, both externally and internally, had behaved within the framework depicted in the baseline scenario of the last monetary policy report, although risks remained and had even varied on some fronts.

neutral

not forward looking

certain

2,018

central_bank_of_chile

20,798

on balance, financial conditions remained supportive of fund mobilization by the private sector and ongoing recovery, as bank lending and corporate bond issuances continued expanding.

hawkish

not forward looking

certain

2,023

bank_of_thailand

8,847

summing up, mr praet noted that financial conditions had eased since the governing council’s march 2019 monetary policy meeting.

dovish

not forward looking

certain

2,019

ecb

24,252

some international energy agency member countries had also agreed to release additional oil from their emergency stocks in response to the ongoing disruption of supplies from libya.

neutral

not forward looking

certain

2,011

bank_of_england

4,051

health tax receipts in june, which provide an indication of wage payments in that month, were 7.6 percent higher, in nominal terms, than in june 2010 (excluding the effect of legislative changes).

hawkish

not forward looking

certain

2,011

bank_of_israel

12,309

lower prospective growth in demand was expected to reduce both goods and services inflation over time.

dovish

forward looking

uncertain

2,023

reserve_bank_australia

7,127

the board is especially attentive to new information referring to inflation expectations and the evolution of economic activity to consider, if necessary, changes in the monetary policy position

neutral

forward looking

certain

2,021

central_reserve_bank_peru

19,172

this lessened the trade-off that the mpc was required to balance and, all else equal, reduced the mpc’s tolerance of above-target inflation.

hawkish

not forward looking

certain

2,017

bank_of_england

4,941

meanwhile, banks excess reserves stayed at levels between nt40 billion and nt60 billion

neutral

not forward looking

certain

2,020

central_bank_taiwan

23,837

recent indicators suggest that the depreciation in the turkish lira and the repercussions through confidence channel may lead to a slowdown in domestic demand in the first quarter of the year.

dovish

forward looking

uncertain

2,017

central_bank_republic_of_turkey

14,916

in japan, the tankan indicator increased for the fifth consecutive month, registering a record high since in europe, business confidence remained flat, although consumer confidence increased

neutral

not forward looking

certain

2,004

brazil_copom

16,060

the average inflation rate for the first 9 months is 7.9 percent.

neutral

not forward looking

certain

2,005

bank_of_phillipines

5,448

chinese annual consumer price inflation had been unchanged in august, at 5.3%.

neutral

not forward looking

certain

2,004

bank_of_england

4,778

the sluggish outlook in tourism sector continues to have a negative impact on the current account balance, which, however, is alleviated by the lagged pass-through of terms-of-trade developments and the moderate course of loans.

dovish

not forward looking

certain

2,017

central_bank_republic_of_turkey

14,458

the recovery thus remains incomplete

irrelevant

forward looking

certain

2,020

swiss_national_bank

2,237

they pointed to the continuing moderate wage growth in enterprises, and argued that the risk of second round effects was reduced by increased level of unemployment, freezing of aggregate wages in the public finance sector in 2011 and limited role of trade unions in wage-setting in the polish economy

dovish

not forward looking

certain

2,011

national_bank_poland

15,061

participants observed that the recent partial federal government shutdown had presented a significant hardship for many families.

dovish

not forward looking

certain

2,019

fomc

6,579

however, with firms' persistent sense of excessive capital stock, the pace of improvement in business fixed investment was likely to remain moderate.

dovish

forward looking

certain

2,010

bank_of_japan

1,150

the point was also made that the june projections did not take into account the commission’s recovery fund proposal or recently announced national fiscal measures, which could entail an upside risk to the economic outlook contained in the staff projections.

neutral

forward looking

uncertain

2,020

ecb

24,586

this brought the january-april 2004 annual growth of imports to 6.9 percent.

neutral

not forward looking

certain

2,004

bank_of_phillipines

5,590

the impact of automatic tax increases is also visible in bottled gas prices.

hawkish

not forward looking

certain

2,024

central_bank_republic_of_turkey

14,532

some council members were of the opinion that wage growth in the following quarters should not accelerate significantly and emphasised that the available forecasts indicated it would stabilise at around 7

neutral

forward looking

certain

2,018

national_bank_poland

15,966

in this scenario, the peruvian economy maintains sound fundamentals

neutral

not forward looking

uncertain

2,016

central_reserve_bank_peru

19,042

from january to may, the trade balance registered a surplus of us 601 million, reducing the accumulated 12 month deficit to us 132 million

dovish

not forward looking

certain

2,000

brazil_copom

16,316

a few members noted that shortages of raw material and labor were constraining some sectors and, in the context of the elevated inflation expectations, would drive pass-through of costs to final goods and services prices in the period ahead.

hawkish

forward looking

certain

2,012

bank_of_thailand

8,606

this reflects the uncertainty associated with trade conflicts, continuing adjustment in the energy sector, and the unwinding of temporary factors that boosted growth in the second quarter.

neutral

not forward looking

uncertain

2,019

bank_of_canada

10,333

the member added that aggressive financial support was also needed for businesses and vulnerable groups experiencing a temporary crisis triggered by an unexpected shock.

dovish

forward looking

certain

2,020

bank_of_korea

18,300

corporate bond yields had declined alongside the fall in government bond yields and a narrowing of credit spreads.

dovish

not forward looking

certain

2,023

reserve_bank_australia

7,829

the region’s stock markets have dropped, but not as much as those in the developed countries.

neutral

not forward looking

certain

2,010

bank_of_colombia

128

this meant leaving no doubt about the need for a normalization of monetary policy, but, in turn, ensuring that this normalization would be done gradually and with caution.

hawkish

forward looking

certain

2,018

central_bank_of_chile

20,719

the nominal effective exchange rate of the shekel, calculated as the average shekel exchange rate against 24 currencies (representing 33 countries) weighted according to the volume of israel's trade with those countries, showed a shekel appreciation of about 0.5 percent in the period from february 23 to march 19.

neutral

not forward looking

certain

2,009

bank_of_israel

12,379

while chile’s economic indicators were yet to reflect the effects of these disruptions, the progression of the virus in other countries pointed at significant impacts on the affected firms’ sales and cash flows.

neutral

forward looking

certain

2,020

central_bank_of_chile

20,447

- growth in commercial bank lending rose to 11.1 percent year-on-year in october from 6.1 percent in september, driven mainly by loans to the financial institutions, real estate and business services (firebs) sector; the community, social and personal services sector; and the wholesale and retail trade sector.

dovish

not forward looking

certain

2,006

bank_of_phillipines

5,139

(iv) private consumption grew at a rate close to its historic average, and it is feasible to expect it will slow somewhat this year, but not significantly.

neutral

forward looking

certain

2,013

bank_of_colombia

377

3,50 percent for direct temporary purchases of securities and monetary regulation credits b

neutral

not forward looking

certain

2,003

central_reserve_bank_peru

19,334

accordingly, higher annual non-food inflation led annual core inflation to increase slightly to 2.7 percent in october 2019 from 2.6 percent in september 2019, the lowest rate since april 2006.

hawkish

not forward looking

certain

2,019

central_bank_of_egypt

17,589

the negative impact of lower oil prices will gradually be mitigated by a stronger u.s. economy, a weaker canadian dollar, and the bank’s monetary policy response.

dovish

forward looking

certain

2,015

bank_of_canada

10,784

as had been the case for some time, the flow of new listings for sale remained similar to pre-pandemic levels but total listings were much lower, implying that dwellings were being sold at a rapid pace.

neutral

not forward looking

certain

2,021

reserve_bank_australia

7,834

the pbc will work to improve the market-based mechanism of interest rate formation and transmission and the central bank policy rate system.

dovish

forward looking

certain

2,021

peoples_bank_of_china

9,916

that primarily reflected the very substantial rise in wholesale gas futures prices that had occurred since the may report, most recently due to russia’s restrictions of gas supplies to european markets in july and due to the risk of further curbs.

hawkish

not forward looking

uncertain

2,022

bank_of_england

4,295

one of the members stated that given both the current u.s. business cycle and the timing of the fiscal stimulus, the u.s. economy is expected to continue growing at a robust rate, not only for the remainder of 2018, but also during 2019.

hawkish

forward looking

uncertain

2,018

bank_of_mexico

3,818

but there were signs of improvement in corporate profitability, which could support investment.

dovish

forward looking

uncertain

2,000

bank_of_england

4,786

despite a downward adjustment to the figure for gdp in the fourth quarter of 2009 from 1.1 percent to 0.9 percent, that is still a good figure for growth in japan, as it is based also on consumption and not only on exports.

dovish

not forward looking

certain

2,010

bank_of_israel

12,092

the bank estimates that gdp grew by about 4% in the second quarter.

hawkish

not forward looking

uncertain

2,022

bank_of_canada

10,750

in case of a failure in implementing the macroeconomic rebalancing process rapidly and effectively enough to bring inflation down amid high inflation rates and risk premium levels, inflation and exchange rate expectations may feed each other and undermine the disinflation process.

hawkish

forward looking

uncertain

2,018

central_bank_republic_of_turkey

14,312

bank staff were continuing to analyse the significance within m4 of ofis’ holdings but no new information had come to hand.

irrelevant

not forward looking

uncertain

1,997

bank_of_england

4,876

in fact, recent orders and shipments data suggested an upturn in spending for new equipment, but the improvement was still quite limited, unevenly distributed across industries, and not yet firmly indicative of a sustained advance.

neutral

not forward looking

uncertain

2,002

fomc

6,989

on the negative side, there were few indications of a possible upturn in commercial construction activity.

hawkish

forward looking

uncertain

2,003

fomc

6,279

some members pointed out that the unemployment rate increased.

dovish

forward looking

certain

2,024

bank_of_mexico

3,317

concurrently, however, weakness persisted in business capital expenditures, which members continued to view as the critical factor inhibiting the economic expansion.

dovish

not forward looking

certain

2,003

fomc

6,492

economic growth might accelerate to 2-3% by 2022 should the government’s measures for overcoming structural constraints, including the implementation of national projects, be realised.

dovish

forward looking

uncertain

2,019

central_bank_of_russia

13,804

for the whole of 2009, the cpi inflation forecast is unchanged at -1% to 0%.

neutral

not forward looking

certain

2,009

monetary_authority_singapore

22,410

the index decreased by 28.7% compared to the highest level reached last year.

irrelevant

not forward looking

certain

2,023

central_bank_republic_of_turkey

14,664

on asian economies, members concurred that china and india continued to show high growth.

neutral

not forward looking

certain

2,008

bank_of_japan

1,041

recent data also suggest that growth in construction loans of all banks have continued to slow

hawkish

not forward looking

uncertain

2,023

central_bank_taiwan

23,006

looking ahead, primary sources of upside price pressures include next years base wage and public sector pay hike and the likely consequence of a private sector pay raise, which could increase hiring costs and in turn feed into the prices of goods and services; further increases in global food prices, adding to upward pressures for domestic prices of food away from home; unabated supply chain disruptions, which could push up the prices of certain goods

hawkish

forward looking

uncertain

2,021

central_bank_taiwan

23,994

this revision is explained, in part, by the actual behavior of the world economy and private spending, which have been weaker than expected financial variablesin june, bank lending (/ and f/c) posted an annual increase of 14.06%, which is similar to the growth observed in recent months.

dovish

not forward looking

certain

2,013

bank_of_colombia

691

the slowdown in the mortgage portfolio, in turn, has been less accentuated with variation rates of 16.4% and 15.6% in the same period.the real interest rates (discounting the cpi excluding food) for the october disbursements for consumer, mortgage, and ordinary and preferential commercial loans were at 15.6%, 9.9%, 9.0%, and 5.6% respectively.

neutral

not forward looking

certain

2,012

bank_of_colombia

664

but there was no case for a further rise.

irrelevant

forward looking

certain

2,000

bank_of_england

4,938

at the same time, it was observed that broader measures of the degree of slack remained elevated.

dovish

not forward looking

certain

2,017

ecb

24,735

the mpc stresses that achieving a tight monetary stance is a necessary condition to attain the cbe’s upcoming inflation targets of 7 percent (± 2 percentage points) on average by 2024 q4 and 5 percent (± 2 percentage points) on average by 2026 q4.

hawkish

forward looking

certain

2,023

central_bank_of_egypt

17,263

amid the weakened global economic conditions, activity growth has also declined in poland

dovish

not forward looking

certain

2,023

national_bank_poland

15,730

these members agreed that the projected rates of increase in the cpi presented in the october 2018 outlook report were somewhat lower, mainly for fiscal 2018, than those in the july outlook report.

dovish

forward looking

certain

2,018

bank_of_japan

1,401

there were still risks from a number of sources in advanced and emerging economies, however, including any disorderly outcome from a failure to reach agreement on a new greek programme.

neutral

forward looking

uncertain

2,015

bank_of_england

4,605

in the committee’s judgment, the economy overall continued to recover.

dovish

not forward looking

uncertain

2,023

bank_of_thailand

8,174

i voted, however, for holding the rate unchanged through the june and august meetings to allow transitory effects to fully pass.

neutral

forward looking

certain

2,018

rbi

11,969

for the time being, it intends to keep the three-month libor rate in the middle of the target range at 0.75

neutral

not forward looking

certain

2,004

swiss_national_bank

2,543

effective supply management by the government, as in the recent past, could help in keeping food inflation under check.

hawkish

not forward looking

certain

2,018

rbi

11,229

core inflation in february showed a of 0.32 percent and thus accumulated a rate of 3.79 percent in the last 12 months

neutral

not forward looking

certain

2,012

central_reserve_bank_peru

19,050

nevertheless, it should be noted that the figures in dollars for imports of consumer goods showed an annual growth of 19.9% in january.total exports, in contrast saw a change of -1.1% in january in comparison to the same month in 2012.

neutral

forward looking

certain

2,013

bank_of_colombia

960

the war in ukraine has been a significant factor here, too, in that the prices of many commodities have risen as a result

hawkish

forward looking

certain

2,022

swiss_national_bank

2,454

mr. g. kataoka expressed the following opinions: (1) the possibility of the year-on-year rate of change in the cpi increasing toward 2 percent going forward was low at this point, and (2) further coordination of fiscal and monetary policy was important in order to achieve the price stability target of 2 percent at the earliest possible time, and that it was necessary for the bank to make a commitment to taking additional easing measures if it revised downward its assessment of medium- to long-term inflation expectations.

dovish

forward looking

certain

2,018

bank_of_japan

1,319

a few members then referred to the fact that the government recently had laid out measures such as tax cuts for firms that raised wages proactively.

dovish

not forward looking

certain

2,017

bank_of_japan

1,531

results of the bsp’s survey of private sector economists for november 2017 showed that mean inflation forecasts for 2017 and 2019 were steady at 3.3 and 3.4 percent, respectively.

neutral

forward looking

certain

2,017

bank_of_phillipines

5,340

in line with earlier assessments, the average headline inflation is expected to be negative in 2020 due mainly to the substantially lower global oil prices

dovish

forward looking

uncertain

2,021

bank_negara_malaysia

21,971