Datasets:

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
as had been the trend previously, this was based especially on the behavior of the automotive segment, whose sales growth was still among its highest in recent years.	hawkish	not forward looking	certain	2,018	central_bank_of_chile	20,740
members agreed that many indicators suggested improvement in private consumption, amid steady improvement in the employment and income situation, and that it was appropriate to revise the bank's assessment upward to one stating that private consumption has increased its resilience from the previous one stating that it has been resilient.	dovish	not forward looking	certain	2,017	bank_of_japan	1,355
meanwhile, bank loans and investments are likely to grow steadily as the domestic recovery and mild growth in fixed investment drive a stable demand for funds	dovish	forward looking	uncertain	2,016	central_bank_taiwan	23,954
jonathan heath voted in favor of maintaining the target for the overnight interbank interest rate at we need to be patient in order for the current monetary policy stance to have the desired effect on the persistence in services inflation.	dovish	forward looking	certain	2,024	bank_of_mexico	3,186
conversely, a shorter horizon would provide a stronger signal to banks that they needed to be prepared to secure funding on private markets and avoid becoming overly reliant on central bank funding.	neutral	forward looking	certain	2,019	ecb	24,815
surveys of private sector economists’ expectations of euro-area inflation and gdp growth had also picked up steadily.	hawkish	forward looking	uncertain	2,015	bank_of_england	4,554
this coincided with the narrowing of the unemployment rate to 12.0 percent in 2016/17 q3 from 12.4 percent and 12.6 percent in the preceding quarters.	hawkish	not forward looking	certain	2,017	central_bank_of_egypt	17,499
however, the slower global growth may have a moderating effect on global prices and thereby reduce the cost pressures being felt by the domestic economy	dovish	forward looking	uncertain	2,008	bank_negara_malaysia	21,448
the elimination of the parallel foreign exchange market is expected to dampen inflation expectations, rein in underlying inflation and accordingly, headline inflation is projected to follow a steadily decelerating path over the medium term.	dovish	forward looking	certain	2,024	central_bank_of_egypt	17,279
looking ahead, the mixed for the global economy will continue to weigh on the external-oriented sectors while the domestic-oriented sectors should stay broadly resilient.	neutral	forward looking	certain	2,015	monetary_authority_singapore	22,594
they note that these adjustments bring the economy closer to a more sustainable future growth path and thus improve colombia's international financial conditions.	neutral	not forward looking	certain	2,023	bank_of_colombia	424
despite a recent downtrend in the 30-day commercial paper rate, future developments in the money markets still require monitoring	neutral	forward looking	uncertain	2,023	central_bank_taiwan	23,266
the annual averages of headline inflation in 2019 and 2020 were projected to be lower than the previous projection and below the lower bound of the inflation target due to lower- than-expected energy prices in tandem with the global economic slowdown as well as a sooner-than-expected return to the normal level of crude oil production in saudi arabia after the attack on production plants.	dovish	forward looking	certain	2,019	bank_of_thailand	8,328
in their discussion of language for the postmeeting statement, members generally agreed that they should acknowledge the broad improvement in labor market conditions over the intermeeting period as well as their judgment that labor market slack continued to diminish.	hawkish	not forward looking	uncertain	2,014	fomc	6,196
global inflationary pressures have also eased as a result of a mix of factors, most notably the monetary policy tightening on the part of major central banks, the declining energy prices, and a reduction in global supply bottlenecks.	dovish	not forward looking	certain	2,023	central_bank_of_egypt	17,946
the creation of private salaried employment continued to be quite weak, while the public component showed some moderation at the margin.	dovish	not forward looking	certain	2,018	central_bank_of_chile	20,367
gilt-ois spreads had continued to decline, particularly at maturities of less than ten years.	dovish	not forward looking	uncertain	2,012	bank_of_england	4,427
itwas concurred that efforts should be made to fully carry out the guidelineslaid out by the central economic work conference, firmly adopt a scientificdevelopment approach and continue to strengthen and improve macro financialadjustment to ensure price stability and healthy economic development.	neutral	forward looking	certain	2,005	peoples_bank_of_china	9,807
total output prices had been flat year on year.	neutral	not forward looking	certain	1,999	bank_of_england	4,013
the committee then started debating the future signaling of the conduct of monetary policy	irrelevant	forward looking	uncertain	2,024	brazil_copom	16,002
in the case of services also, pmi rose from april to june but fell in july.	neutral	not forward looking	certain	2,022	rbi	11,859
looking at an adjusted projection by the research department, the member expected that the growth gap would turn negative, while the inflation gap would remain in positive territory.	dovish	forward looking	certain	2,022	bank_of_korea	18,120
this was followed by a strong recovery in the third quarter	hawkish	not forward looking	certain	2,020	swiss_national_bank	2,436
the fiscal multipliers were also smaller.	irrelevant	not forward looking	certain	2,024	ecb	24,175
the improvement in the labor market continues in line with the economic activity outlook.	hawkish	forward looking	certain	2,022	central_bank_republic_of_turkey	14,890
the board will approve the monetary program for may at the board meeting that will be held on may 12,	neutral	forward looking	certain	2,016	central_reserve_bank_peru	19,910
instead, what was needed was to assess whether these shocks affected the persistence of inflationary dynamics over the policy horizon.	neutral	forward looking	uncertain	2,022	central_bank_of_chile	20,987
- the monetary board noted that, while risks to the inflation outlook remain, these have on balance moderated.	neutral	not forward looking	certain	2,007	bank_of_phillipines	5,464
moreover, it will deepen the market-oriented reform of exchange rates to enhance the flexibility of the rmb exchange rate, guide enterprises and financial institutions to remain risk neutral, strengthen expectation management, and promote the balance between internal and external equilibrium, so as to keep the rmb exchange rate basically stable at an adaptive and equilibrium level.	dovish	forward looking	certain	2,022	peoples_bank_of_china	9,496
however, the result of 126.7, in a scale ranging from 0 to 200, reflects an overall positive sentiment, mainly regarding future consumption intentions	neutral	forward looking	certain	2,004	brazil_copom	16,717
domestic demand, contributed 4.8 percentage points to the revised 4.5 percent real gdp growth in the first half of 2015/16, while net external demand contributed negative 0.3 percentage points.	neutral	not forward looking	certain	2,016	central_bank_of_egypt	17,142
overall, the committee concluded that the most likely outlook for investment was slightly weaker than in november, but with some members seeing upside risks.	dovish	not forward looking	certain	2,000	bank_of_england	4,135
further, the strength in leading indexes of u.s. economic growth signal higher economic growth.	dovish	forward looking	certain	2,017	rbi	11,721
rainfall conditions have normalized in most of luzon and the approved wage hike for ncr is not expected to generate additional inflationary pressures.	dovish	not forward looking	certain	2,007	bank_of_phillipines	5,404
greater progress shall be made to boost domestic consumption demand,properly contain fixed asset investment, and optimize investment structure.importance should be attached to adjust economic structure and growth model,enhance quality and efficiency of economic growth, and promote a basic balanceunder the bop, with a view to accelerating sound and rapid economic growth.	dovish	forward looking	certain	2,007	peoples_bank_of_china	9,372
entering the second half of 2023, though, growth in housing transactions rebounded and housing prices climbed at a faster pace, driving a continuous rise in housing loans	dovish	not forward looking	certain	2,024	central_bank_taiwan	23,428
regarding credit risk, he/she indicated that delinquency levels remain at relatively low and stable levels, despite exhibiting a marginal upward trend.	dovish	not forward looking	certain	2,024	bank_of_mexico	3,338
the growth outlook is subject to downside risks from weaker-than-expected external demand, and larger declines in commodity production	dovish	forward looking	uncertain	2,024	bank_negara_malaysia	21,834
there had been strong growth in employment and a welcome decline in the unemployment rate.	hawkish	not forward looking	certain	2,021	reserve_bank_australia	7,964
- the latest staff risk-adjusted inflation forecasts for 2023 to 2024 are lower compared to the previous round, while continuing to indicate a potential breach of the target in 2024.	dovish	forward looking	certain	2,023	bank_of_phillipines	5,459
this takes place within an environment of deterioration of the terms of trade and a growing uncertainty regarding the recovery of the economic activity worldwide and the cost of external financing, which are factors that may impact aggregate demand and the exchange rate and optionsthe board of directors unanimously decided to keep the benchmark interest rate at 4.5%.the board members highlighted that the economy is showing a strong dynamic, but that there are risks of negative clashes in the traditional policy horizon which may result in a slowdown.	neutral	forward looking	uncertain	2,014	bank_of_colombia	525
the positive development in the first half of the year was, however, partly due to special factors	neutral	not forward looking	certain	2,018	swiss_national_bank	2,520
following the rapid economic growth in h2 2000 and significant tightening in the labour market, the economy's output gap has narrowed and is estimated to have turned slightly positive by the end of last year.	hawkish	not forward looking	certain	2,001	monetary_authority_singapore	22,227
after the mpc meeting of april 2017, the two monthly readings of the cpi combined inflation turned out to be more consistent with my forecast stated in the minutes of the previous meeting than of the rbi forecast.	neutral	not forward looking	certain	2,017	rbi	11,791
meanwhile, the unemployment rate registered 7.3 percent in 2021 q2 compared to 7.4 percent during the preceding quarter.	neutral	not forward looking	certain	2,021	central_bank_of_egypt	17,710
the downside risks to the global economic outlook have increased significantly	dovish	forward looking	uncertain	2,009	bank_negara_malaysia	21,637
domestically, yields on longer-term australian government securities (ags) had also increased significantly, and the spread between 10-year ags and us treasury yields had widened to around 25 basis points.	hawkish	not forward looking	certain	2,021	reserve_bank_australia	7,981
a few council members argued, however, that despite the economic recovery no significant increase in employment should be expected as during the slowdown enterprises strove to limit layoffs	neutral	forward looking	certain	2,013	national_bank_poland	15,076
this november’s upward movement of inflation was largely driven by annual food price growth accelerating from 2.7% to 3.5%.	hawkish	not forward looking	certain	2,018	central_bank_of_russia	13,756
food price inflation had come down from its peak of 15.5% in march but had still been almost 10% in august.	hawkish	not forward looking	certain	2,023	ecb	24,948
if the us economy exhibited robust recovery with rising inflation, us monetary policy could be normalized faster than expected.	hawkish	forward looking	uncertain	2,021	bank_of_thailand	8,727
exports were increasing moderately.	dovish	forward looking	certain	2,013	bank_of_japan	1,093
moreover, public consumption and investment are estimated to have grown 9.1 and 10.4 percent respectively	hawkish	not forward looking	certain	2,006	central_reserve_bank_peru	19,068
it was added that, beyond the bank’s active response to the strong inflationary outbreak, it was evident that inflation was still high and that its local drivers, particularly consumption, was yet to show clear signs of normalization, beyond the fact that investment showed a clear weakness.	hawkish	forward looking	certain	2,022	central_bank_of_chile	20,204
the board of the bank assessed the monetary policy stance for november and established the following the targeted range for the banks current account balance held at the central bank will be 170 million to 190 million on a daily average basis, considering the greater funds in vault of the previous month	neutral	not forward looking	certain	2,002	central_reserve_bank_peru	19,399
growing domestic demand is supporting an improvement in business sentiment despite persistently challenging external conditions.	neutral	not forward looking	certain	2,023	central_bank_of_russia	13,075
the member also noted that it would be necessary to prepare against the possibility of shocks to vulnerable groups developing into systemic risks in order to fulfill the central bank’s mandate of ensuring financial stability, and that it would also be necessary to pay attention to overseas factors.	irrelevant	forward looking	certain	2,022	bank_of_korea	18,649
for 2009 and 2010 following the sharp contractions in q4 2008 and q1 2009, the singapore economy rebounded strongly by 22% on a quarter-on-quarter seasonally adjusted annualised (q-o-q saar) basis in q2 2009.	dovish	not forward looking	certain	2,009	monetary_authority_singapore	22,035
particularly important was high corporate and government indebtedness and, probably, increased risk-taking in some sectors in search of higher returns after years of low rates.	neutral	forward looking	certain	2,023	central_bank_of_chile	20,747
still, given its coherence with the march central scenario, the option of lowering the mpr by 50bp clearly dominated when the two alternatives were contrasted.	dovish	forward looking	certain	2,024	central_bank_of_chile	20,858
both imports and exports recovered from weak readings in february, with imports of consumer goods, automotive products, and capital goods rising significantly and exports of capital goods and industrial supplies showing particular strength.	neutral	not forward looking	certain	2,014	fomc	6,470
however, the majority of the council members were of the opinion that even in the face of growing demand, growth in oil prices should slow down	neutral	forward looking	uncertain	2,021	national_bank_poland	15,816
some council members observed that low demand in the economy contributed to a further rise in the unemployment rate, which, in their opinion, might have an adverse effect on human capital, and, consequently, the economys potential product	dovish	forward looking	uncertain	2,013	national_bank_poland	15,248
meanwhile, the five-year-ahead inflation expectation decreased from 11.8% to 11.6%.	dovish	forward looking	certain	2,024	central_bank_republic_of_turkey	14,830
the main increase occurred in cpi-indexed, fixed interest mortgages, although unindexed floating interest mortgages still constitute the major part of the mortgage market.	neutral	not forward looking	certain	2,010	bank_of_israel	12,283
full-time directors: mr. carlos gustavo cano mr. juan josé echavarría mr. juan mario laserna mr. fernando tenjo mr. leonardo villar circumstances surrounding inflation and economic growth, and their prospects for the future were discussed, and monetary-policy decisions were reached.	irrelevant	not forward looking	certain	2,009	bank_of_colombia	619
another board director stated that m2 continues to serve as an important reference for monetary policy deliberation	neutral	not forward looking	certain	2,021	central_bank_taiwan	23,252
in attendance were mr. mauricio cárdenas santamaría, minister of finance and public credit, mr. josé darío uribe, governor and managing director of banco de la república, and the full-time co-directors messrs. fernando tenjo galarza, carlos gustavo cano sanz, juan josé echavarría soto, juan pablo zárate perdomo and césar vallejo mejía.	irrelevant	not forward looking	certain	2,013	bank_of_colombia	375
however, members anticipated that sales would pick up again, partly in response to an anticipated rebound in incentives.	hawkish	forward looking	certain	2,004	fomc	6,216
the council members drew attention to the results of business climate surveys, which suggested an easing of cost pressures as a result of mitigated supply chains disruptions and a decline in international transport costs	dovish	not forward looking	certain	2,022	national_bank_poland	15,546
continued efforts would be made to improve the internal governance structure of commercial banks.	irrelevant	forward looking	certain	2,010	peoples_bank_of_china	9,997
as of november 11, the bcrps liquidity injection operations totaled s 61.7 billion, of which s 50.2 billion were associated with government-backed repos	neutral	not forward looking	certain	2,020	central_reserve_bank_peru	19,460
mas core inflation is likely to remain elevated in the earlier part of the year, but should decline gradually and step down by q4, before falling further next year.	neutral	forward looking	uncertain	2,024	monetary_authority_singapore	22,982
other council members assessed that the recent decline in service price growth had probably been temporary	neutral	not forward looking	certain	2,018	national_bank_poland	15,117
it must be credible and feasible, without putting the central bank’s reputation at risk and without undermining the effectiveness of communication with markets.	irrelevant	not forward looking	certain	2,023	bank_of_mexico	3,228
this was associated with, among other factors, the dynamic performance of the u.s. economy.	neutral	not forward looking	certain	2,023	central_bank_of_chile	20,902
this facilitated a comparison with forecasts of most other agencies which did not incorporate the effects of said scheme.	neutral	not forward looking	uncertain	2,023	bank_of_thailand	8,069
consumer price growth is starting to be affected by the vat increase scheduled to take effect from 1 january 2019.	hawkish	forward looking	uncertain	2,018	central_bank_of_russia	13,508
information available at the time of the policy meeting.	irrelevant	not forward looking	certain	2,008	bank_of_phillipines	5,234
however, real private domestic final purchases (pdfp)—which comprises pce and private fixed investment and which often provides a better signal than gdp of underlying economic momentum—posted a solid second-quarter increase that was in line with its first-quarter pace and only moderately slower than its average rate of increase in 2023.	hawkish	not forward looking	certain	2,024	fomc	6,463
business opinion surveys confirm the economic slowdown that is reflected in the sector indicators.	dovish	not forward looking	uncertain	2,009	bank_of_colombia	498
the pbc will pursue a sound monetary policy in a more flexible, appropriate and well-targeted manner, and use a mix of monetary policy tools and innovate new ones to keep liquidity adequate at a reasonable level.	dovish	forward looking	certain	2,020	peoples_bank_of_china	9,798
nevertheless, many firms evidently remained slow to expand hiring, in part because of rising benefit costs.	dovish	not forward looking	certain	2,004	fomc	6,775
with data to july, energy demand and production of coffee and oil exhibited annual falls.	dovish	not forward looking	certain	2,016	bank_of_colombia	991
the monetary board considered the recent macroeconomic and financial developments discussed below in assessing the monetary policy stance: - inflation increased slightly in february 2023, implying the strong persistence of inflation.	neutral	not forward looking	certain	2,023	bank_of_phillipines	5,582
it was also suggested that a better assessment of the risk of inflation overshooting the inflation target in the monetary policy transmission horizon would require macroeconomic data that were to be released before the next meeting	neutral	forward looking	certain	2,007	national_bank_poland	15,468
the advisory committee [1] submitted the following recommendations for the consideration of the monetary board: overnight rrp (borrowing) rate and 7.0 percent for the overnight rp (lending) rate; the recommendation to keep monetary policy settings unchanged was based on the following assessments: depending on the movements in oil and non-oil commodity prices, inflation could settle above the 2008 inflation target range but will be within the 3.5 percent ± 1.0 percentage point target range for 2009. side, and the use of monetary instruments against such influences may have less effect compared with direct supplyside intervention measures.	neutral	forward looking	uncertain	2,008	bank_of_phillipines	5,653
there had been a sharp fall in equity prices, and a decline in government bond yields	dovish	not forward looking	certain	2,020	national_bank_poland	15,331
in addition, some banks might be caught ill-prepared upon an rrr hike, potentially putting the bank in a position to provide liquidity as seen fit	neutral	forward looking	uncertain	2,024	central_bank_taiwan	23,217
perishable foods more generally affected by weather conditions were those having experienced the most noticeable decreases (from 1.1% to -2.0%), as explained in part by a recovery in the farming supply propelled by the relatively high prices of several of these food items until past year‟s third quarter.	dovish	not forward looking	certain	2,012	bank_of_colombia	491
the domestic interest rates receded due to the announced accord with the international monetary fund in december, reflecting, in addition, the drop of interest rates in the united states	dovish	not forward looking	certain	2,001	brazil_copom	16,797
committee members are of the opinion that important factors in the increase in home prices at this time are a slowing of planning processes and the decline in the rate of marketing properties.	hawkish	not forward looking	certain	2,013	bank_of_israel	12,167
their decline has yet to become sustainable and consistent.	irrelevant	not forward looking	uncertain	2,017	central_bank_of_russia	13,767
assumptions on further international economic development have been somewhat modified compared with june 2005	neutral	forward looking	uncertain	2,005	swiss_national_bank	2,312
underlying inflation was expected to pick up towards the end of the year and to increase further in the medium term, supported by the ecb’s monetary policy measures, the ongoing economic expansion and rising wage growth.	hawkish	forward looking	certain	2,018	ecb	24,353
these points included that the characterization of the stance of policy as accommodative had provided useful forward guidance in the early stages of the policy normalization process, that this characterization was no longer providing meaningful information in light of uncertainty surrounding the level of the neutral policy rate, that it was appropriate to remove the characterization of the stance from the committee's statement before the target range for the federal funds rate moved closer to the range of estimates of the neutral policy rate, and that the committee's earlier communications had helped prepare the public for this change.	neutral	not forward looking	certain	2,018	fomc	6,220
in the second half of the year, despite still sluggish investment activity, economic growth was expected to rebound by 3.84, with exports gaining traction as a result of global supply chain destocking and domestic demand buttressed by steady private consumption growth and the governments tax surplus rebates	dovish	not forward looking	certain	2,023	central_bank_taiwan	23,544
no decision was made at this meeting to change the committee's policy strategy or communications.	neutral	not forward looking	certain	2,011	fomc	6,961
for the euro area, the question was whether consumption growth would pick up any slack resulting from the impact of slowing us demand and the appreciation of the euro on net trade.	neutral	forward looking	uncertain	2,008	bank_of_england	4,784
there was an examination of israel’s inflation environment, which despite the april cpi data remains low compared to most advanced economies worldwide.	dovish	not forward looking	certain	2,023	bank_of_israel	12,166

End of preview. Expand in Data Studio

Dataset Summary

For dataset summary, please refer to https://huggingface.co/datasets/gtfintechlab/all_annotated_sentences_25000

Additional Information

This dataset is annotated across three different tasks: Stance Detection, Temporal Classification, and Uncertainty Estimation. The tasks have four, two, and two unique labels, respectively. This dataset contains 25,000 sentences taken from the meeting minutes of the 25 central banks referenced in our paper.

Label Interpretation

Stance Detection

Hawkish: The sentence supports contractionary monetary policy.
Dovish: The sentence supports expansionary monetary policy.
Neutral: The sentence contains neither hawkish or dovish sentiment, or both hawkish and dovish sentiment.
Irrelevant: The sentence is not related to monetary policy.

Temporal Classification

Forward-looking: The sentence discusses future economic events or decisions.
Not Forward-looking: The sentence discusses past or current economic events or decisions.

Uncertainty Estimation

Certain: Indicates that the sentence presents information definitively.
Uncertain: Indicates that the sentence presents information with speculation, possibility, or doubt.

Licensing Information

The all_annotated_sentences_25000 dataset is licensed under the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International. More information in the paper.

Citation Information

@article{WCBShahSukhaniPardawala,
  title={Words That Unite The World: A Unified Framework for Deciphering Global Central Bank Communications},
  author={Agam Shah, Siddhant Sukhani, Huzaifa Pardawala et al.},
  year={2025}
}