Tagged: Carney

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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Rates on hold forever

And so the worm has turned… even the hawks at the BOE have thrown in the towel with the “risk of low inflation becoming more persistent”, leading to a unanimous 9-0 vote to do nothing with interest rates. These minutes were all about inflation, and nothing else, whereas previously the Minutes have been devoted to…

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The Day Today 15 Jan 2015

* India unexpectedly cuts 25bp to 7.75% due to lower inflation, the stock market and the rupee rally * S Korea cuts its GDP and inflation forecasts by 0.5 pct pts * Fed Beige Book shows signs of wages increasing * You know this story by now: Yields on Finland 5yr yield Swiss 7yr turn…

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The Day Today 26 Nov 2014

* Talks between Saudi Arabia, Venezuela, Russia and Mexico end in stalemate, agreeing only that prices below $80 were “not good” and vowing to meet again in 3 months’ time. Let’s see whether OPEC can thrash anything out today * Nigeria devalues currency by 10% and raises rates to record levels as oil prices drop…

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The Day Today 21 Oct 2014

CHINA * Growth slows to lowest level since Q1 2009 at 7.3% * Retail Sales and Fixed Asset Invmt also slowed * Misery widespread at all types of hedge fund: ‘Top firms including Jana Partners LLC, Discovery Capital Management LLC and Paulson & Co. have posted losses ranging from 5% to 11% for the month,…

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