Published 3/19/2009
at The Economist: Full print edition
The Federal Reserve said that it would buy up to $300 billion in long-term American treasury bonds and several hundred billions more in mortgage-backed securities in an attempt to see off the threat of deflation. The unanimous decision came at a meeting of the Fed’s Open Market Committee on March 18th. See article A report by the chairman of Britain’s Financial Services Authority, Lord Turner, called for sweeping changes to the way in which the financial-services industry is regulated. The report recommended the setting up of an independent European regulatory body. It also proposed measures to curb institutions’ ability to take excessive risks, including increases in the amount of capital that banks must hold, as well as limits on their gross leverage ratios. See article ...
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The Economist: Full print edition 3/19/2009
There was more gloomy news on industrial production: in the year to the fourth quarter it fell by 10.3% in Hong Kong; in the year to January it was down by 19.2% in Germany, 16.7% in Italy and 11.1% in Mexico; and in the year to February it dropped ...
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