FED’S BEIGE BK: AS-EXPECTED ‘SLIGHT TO MODEST’ EXPANSION
WASHINGTON (MaceNews) – The Federal Reserve’s latest Beige Book survey of economic activity through the 12 regional bank districts Wednesday found little evidence of any V-shaped recovery, instead seeing “slight to modest” improvements in most regions. Assembled by the St. Louis Fed, the survey prepared for the next Federal Open Market Committee meeting Nov. 4-5 […]
BOE’S RAMSDEN: UK DOESN’T NEED NEGATIVE RATES RIGHT NOW
—Hints Sub-Zero Rates Could Be Most Effective During Recovery By Laurie Laird LONDON (MaceNews) – The UK economy does not require sub-zero interest rates at present, according to a top central banker Wednesday, who added the negative borrowing rates have been most effective in other jurisdictions once a recovery is underway. “The time” for negative […]
ECB HINTS AT REFINEMENT OF ‘PRICE STABILITY’ GOAL IN STRATEGY REVIEW
By Laurie Laird LONDON (MaceNews) – The European Central Bank could refine its approach to achieving price stability during its delayed strategy review, assessing its inflation target and the components of the inflation basket, according to top rate setters Wednesday. The ECB has resumed a strategy review halted by the COVID pandemic, an evaluation that […]