AUTOREFRESH 
BOE’s Dale: Pause in monetary loosening does not mean loosening has come to an end
By Gerry Davies || March 12, 2010 at 11:07 GMT
|| 4 comments || Add comment
Cable little easier on that, presently at 1.5135.
- Timing of stimulus withdrawal will be difficult decision, guided by inflation outlook
- Range of evidence that QE having desired impact, but still long way to go
- Much of impact of QE purchases yet to feed through, we’ll know more over coming year
- Tentative signs that nominal spending in economy is starting to accelerate
- When time comes policy could be tightened by rate hikes, asset sales in any order
Greece’s 2-month budget deficit falls 77% to EUR 903mln……..
Hi, thanks for all your work, its a great help! can i ask when this report came out, sterling just jumped 25 pips in 3 minutes at 11.15 stopping me out! wondered if it was due to this news or announcement event i missed? or was it just a random jump?
11:00 GMT. i think it was a random dip from around 55 to 35-ish more than a random jump. market got a little spooked by Dale’s QE reference, as it always seems to.
Gerry do you reckon the JPY repatriation will bring some more spikes down on USDJPY as the month winds down? Sorry I’m not that familiar with this whole repatriation process (just found out about it this week from your site, actually!). I do, however, hold the view that JPY is toilet paper and should definitely be headaed 100+ vs usd.