US Fed like the Oracle of Delphi
Gustavo Medeiros, portfolio manager at Ashmore, has compared the US Federal Reserve to the Oracle of Delphi in its ambiguity.
Gustavo Medeiros, portfolio manager at Ashmore, has compared the US Federal Reserve to the Oracle of Delphi in its ambiguity.
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The continuation and intensification of ultra-low interest rates has amplified the chance of capital misallocation with central banks one accident away from a wave of inflation, according to Ruffers Steve Russell.
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The British Chambers of Commerce thinks we will see UK GDP return to pre-2008 financial crisis levels in Q2; good news if its true, though investors are still sweating on guidance from the Bank of England.
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Despite speculation that interest rates will rise, RLAM does not expect rates to rocket this year.
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The Bank rate was dropped to 0.5% five years ago as a rescue operation - it now seems normal
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A change in forward guidance blurs policy measures in the Inflation Report released by the Bank of England today.
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UK base rates are being tipped to rise next year but with an election due in 2015 will the government put pressure on the Bank of England to raise rates early?
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It appears increasingly likely that 2013 marked the start of a synchronised recovery in the advanced economies, so is it now time for the Bank of England to consider hiking the base rate?
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The European Commission has fined a group of eight financial institutions a total of 1.7bn (£1.4bn), for forming illegal cartels to rig interest rates.
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The Bank of England has used its latest Inflation Report to soften its unemployment projections but has played down the move.
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The pound fell a cent and a half against the dollar following the Bank of England’s announcement markets were wrong to assume interest rates would start rising soon.
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The ECB’s decision to cut interest rates signals a welcome move away from austerity for some, but is too little too late for others.
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