Poloz: we will proceed cautiously on rates

Stephen Poloz, governor of the Bank of Canada, made the following statement:

• There is no predetermined path of interest rates, here we depend on economic data.
• Monetary stimulus in 2015 is no longer needed.
• We will watch developments in financial markets, including long-term interest rate movements and the exchange rate

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US crude inventories decreased during the previous week

US crude oil inventories for the week ended September 22 fell by 1.8 million barrels, in contrast to expectations of an increase of 2.9 million barrels after rising by 4.6 million barrels in the previous week.

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US Durable Goods Orders exceed market expectations

Durable goods orders in the United States rose by 1.7% in August, beating market expectations of 1.0%. The data came today after a drop of 6.8% in July, according to data from the Statistics Office.

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Yellen: Uncertainty strengthens the gradual approach to raise interest rates

The remarks by Janet Yellen, Federal Reserve Governor, were as follows:

• A gradual approach to rate hikes is appropriate in the light of subdued inflation.
• It would be unwise to leave interest rates unchanged until inflation reaches 2%.

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كشكاري: الأوضاع الحالية لا تستدعي رفع الفائدة الأمريكية

جاءت تصريحات عضو الفدرالي الأمريكي نايل كشكاري لتُفيد بالأتي: • لا أرى علامات على تفاقم النمو الاقتصادي الأمريكي. • مازالت معدلات التضخم تعاني من بعض الضعف.

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Highlights of BOJ Monetary policy meeting minutes

Following are the highlights of the BOJ meeting held on July 19 and 20:

• Many members agreed that inflation expectations were no longer falling.
• Companies gradually moved towards raising wages.

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Evans: We shouldn't raise interest rates before ensuring the sustainability of inflation growth

US Federal Reserve member Charles Evans made many statements, the most prominent of which were:

• The Fed needs to see clear signs of rising inflation before raising rates again.
• It is appropriate for the FED to follow the policy of caution and gradually hike.

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Abe will dissolve the parliament when it convenes this weekend

Shinzo Abe, Prime Minister of Japan, made the following remarks:

• Dissolving the parliament to resolve the national crisis.
• Determined to protect Japan by gaining people's trust.

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