• interest rate rises “good news in itself”
  • US Fed is “extremely well communicated”

IMF MD speaking on a panel in Davos and having a little dig at the SNB it seems

Goldman’s Cohn on the same panel says he’s concerned about the Fed’s ability to raise rates

Spain’s econ min Guindos on the same panel says oil price decline is very good for Spanish economy

  • Spain growing significantly more than EU average
  • most new jobs have permanent contracts