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THE FINTAG NEWSLETTER @ 07 November 2008
THE FINTAG NEWSLETTER @ 07 November 2008
FINTAG COMMENT Mates Rates. So Asian imported inflation is no longer a cause for concern? The ECB and Bank of England decided to follow the Bernanke path and slashed rates. Lots of media excitement, equities took a pounding and Libor hardly moved. You see base rates don't mean much when they ...
Bank of England, Huge Panic Cut
benbittrolff.blogspot.com — The market was expecting 1% at most. This cut smells of absolute panic. The market is taking... this as a bad bad sign. This is the largest single cut I’ve ever seen from the Bank of England. Just another Step Closer to ZIRP, Liquidity Trap, Lost Decade. ... (more) Bank of England, Huge Panic Cut
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Further Reading
FT Alphaville — Elsewhere on Friday: -…Base rates don’t mean much when they fall to silly levels. Look at Japan where even 0 per cent wasn’t enough to kick start an ailing economy for many years - Brave and bold. But central bankers are still in danger of succumbing to the ...

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