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BoJ Governor Kuroda Spells It Out: YCC
Bank of Japan (BoJ) Governor Haruhiko Kuroda’s interview with Bloomberg at Jackson Hole was quite revealing. Kuroda acknowledged that he thinks Japan’s current rate of 4 per cent growth is unsutainable and that, whatever the Fed and the European Central Bank (ECB) do in coming months on monetary policy, Japan’s continued lack of inflation necessitates[…]
NOK Bull Makes Its Case
Norway’s largest financial services group, Den Norske Bank (DNB) feels the Norwegian krone is finding a firmer footing versus the euro (EURNOK) and envisages it rising against the single currency in the coming months. Traders will have their own opinions but for DNB’s part it sees the EURNOK at 9.20 in three months time and[…]
357 Reasons For Cable Bears to Pause For Thought?
Bank of England Governor Mark Carney is skipping this year’s Jackson Hole Symposium hosted by the Kansas City Fed even though many of his central bank peers, including ECB chief Mario Draghi and Fed chair Janet Yellen, will be both attending and speaking. Deputy Governor Ben Broadbent, often mooted as a possible successor to Carney,[…]