Yep, its BOJ day. Again. We really should make it more interesting and call it Steak and BOJ day or something like that. Make it a bit of an event. Anyway … There is no change expected from the BOJ … Continue reading
What is a Federal Reserve hike? That’s a tough question to answer than it may seem. The Fed aims for a range on the Fed Funds from 0% to 0.25% rather than a specific target like it has had historically. … Continue reading
Will communicate as clearly as possible on policy Banks need to be prepared for rate shock Just in case you didn’t get enough of her hypnotic tones yesterday, her she is at the financial stability oversight council meeting (please don’t … Continue reading
The SNB is cutting the sight deposit rate Jan 22nd. The ECB’s next meeting is Jan 22nd. Coincidence or a big fat signal? It looks like the SNB have had enough of seeing the price a few pips off of … Continue reading
Jordan is really stringing this one out SNB needs to stop longer term negative CPI Negative rates have effect of normal rate cut Should see effects of negative rate show before Jan 22nd Does not expect negative rates to lift … Continue reading
Won’t provide details of SNB interventions Further measures include higher deposit charge Expects banks to pass on negative rates to big customers Negative rates are the best measure at this time All that remains to be seen is how the … Continue reading
Franc climbed against euro in last few days Financial market uncertainty caused haven flows Worsening situation caused SNB to intervene in FX markets Negative rates make franc investment less attractive Exemption rate to be 20 times minimum reverse requirement A … Continue reading
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