21 Aug 2014

With monetary quiver empty, are central banks ready to add arrows?

by | posted in: Credit, Economy | 0

Two members of the Monetary Policy Committee, the Bank of England’s interest rate-setting committee, voted to raise interest rates by 25 basis points in August, the minutes released yesterday showed.  Market participants were taken by surprise.  They have been conditioned … Continued

6 Jun 2014

ECB action suggests euro-area debt crisis not over yet

by | posted in: Credit, Currency, Economy | 0

The euro so far is trading exactly as expected.  ECB President Mario Draghi did not disappoint.  Yesterday, the refi rate (main lending rate) was cut to 0.15 percent from 0.25 percent and the deposit rate to negative 0.1 percent from … Continued