Central Bank Watch
ECB and FOMC Minutes
February 19, 2015
The ECB meeting of January 22 authorized quantitative easing totaling 60 billion euros per month over the twenty months to September 2016. This substantial loosening of monetary policy was taken in response to a weaker-than-hoped quantitative response by banks to initiatives launched last September, to newly arisen expectations of sub-zero CPI inflation “for some time,” […] More
New Overnight Developments Abroad - Daily Update
Market-Friendly News
February 19, 2015
FOMC minutes released late Tuesday revealed Fed policymakers are in no hurry to raise the fed funds rate, suggesting the first move may be closer to September than June. Concern centers on signal of tightening while inflation is close to 1%. Another worry is the Greek debt crisis. The ECB releases minutes of its January […] More
