Interest and exchange rate forecast - Please follow me!
There was no policy change from the European Central Bank or Bank of England in September. But both President Draghi and Governor Carney have been busy using forward guidance, trying to convince markets they’ll keep interest rates low for longer. Indeed, the economic recovery of the euro area and the UK will be only moderate over the next few years.
06 September 2013
Across the pond, good but not great improvements in the labour market complicate the Federal Reserve’s decision on when to reduce its asset purchases. It’s a tricky choice, but the time for a decision is approaching.
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