Tagged: BOE

Who are you going to believe?

Compare and contrast – Last night’s Fed Minutes from the Jan 27-28 meeting: ‘Many participants indicated that their assessment of the balance of risks associated with the timing of the beginning of policy normalization had inclined them toward keeping the federal funds rate at its effective lower bound for a longer time.’ Fed’s Williams interview…

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Hands up if you’re not easing, Part… oh I’ve lost count

Sweden’s Riksbank have joined the easing party, announcing yesterday that not only have they cut interest rates into negative territory, to -0.10%, but also that they would indulge in a spot of QE. They left the door open to further rate cuts, and further QE – even at “short notice”(i.e. intra-meeting). The krona duly fell…

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Oops they did it again…

Never let it be said that central banks are making up policy on the hoof… Here is a report this weekend from a Swiss newspaper that the SNB have a new plan for the Swiss Franc: the paper said the SNB was operating “a kind of minimum exchange rate against the euro”…”The talk is of…

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