BoC Archive

Roubini blog

Roubini totally doesn’t get it. The point of CB intervention is to keep interest rates at their target rates, not to provide funds for lending, as described in previous posts. This plan will succeed at doing that, best I can tell. It’s all about price, not quantity. That’s all a CB can ...Read More

BoC cuts rates

Makes a lot more sense to Central Bankers to cut with a strong currency than a weak one, particularly with the strong currency keeping prices below their inflation targets. The ECB, however, is looking at 3% cpi, and would rather not see the Fed cut, as they believe that would weaken the ...Read More