ECB and BOJ policy
Slackening Demand and Confidence But Persistently Red-Hot Inflation as Several Central Banks Unveil Latest Policy Decisions
July 21, 2022
The dollar was already lower when the European Central Bank announced a more aggressive rate hike than implied in previous forward guidance. That move pushed the dollar down further such that it currently shows net overnight drops of 0.9% against the euro and 0.6% against the DXY weighted index. By comparison, the dollar is little […] More
ECB Has Nobody to Blame But Self for Euro’s Buoyancy
July 9, 2014
The European Central Bank cut interest rates and unveiled plans for a targeted LTRO initiative in early June in order to avert deflation and ensure that the prolonged period of sub-target inflation in the euro area doesn’t drag down long-term inflation expectations, which officials insist remain well anchored near target. In that month’s press conference, […] More
