Eric Rosengren may have been outvoted on Wednesday last week, but he is not going to roll over quietly. In a statement released on Friday, the Boston Fed president noted…
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Yesterday’s FOMC meeting produced the right result: Fed officials indicated that the future path of rate hikes will be shallow. As noted in previous commentaries, this was more important than…
The Bank of Japan may have started the end of its flirtation with negative interest rates. The overnight rate was originally cut to -0.1% because the BoJ wanted to shift…
It is easy to attribute the relative calm in the Yuan to China’s huge credit stimulus in the early months of 2016 and the subsequent stabilisation in commodity prices. Critics…
Last week’s commentary on Japan focussed on the critical question of GDP mismeasurement. To recap, recent Bank of Japan research has highlighted the importance of looking at alternative indicators to gauge…
