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xchrom

(108,903 posts)
30. Carney Seen Raising Rates Before Yellen, Draghi
Mon Feb 3, 2014, 08:13 AM
Feb 2014
http://www.bloomberg.com/news/2014-02-03/carney-seen-raising-rates-before-yellen-draghi.html

Investors are betting Bank of England Governor Mark Carney will lead the charge out of record-low interest rates as central banks pivot from fighting stagnation to managing expansions.

Economists at Citigroup Inc. and Nomura International Plc say the strongest growth since 2007 will prompt the U.K. to lift its benchmark from 0.5 percent as soon as this year. Money-market futures show an increase in early 2015. That’s at least three months before the contracts indicate Federal Reserve Chairman Janet Yellen will raise the target for the federal funds rate. European Central Bank President Mario Draghi and Bank of Japan Governor Haruhiko Kuroda are forecast to maintain or even ease monetary policy.

“Carney and BOE officials will be looking at the domestic recovery, and if that is strong enough, then they will feel comfortable increasing rates before the Fed,” said Jonathan Ashworth, an economist at Morgan Stanley in London and former U.K. Treasury official. “Tightening by the major developed central banks will be gradual, and they will be aware of what everyone else is doing.”

The BOE will lift rates in the second quarter of 2015 and the Fed will increase in 2016, Morgan Stanley predicts.
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Capitalism vs. Democracy Demeter Feb 2014 #4
Hello? HELLO???? Tansy_Gold Feb 2014 #6
... and "capitalism’s inherent dynamic ... threatens democratic societies": Ghost Dog Feb 2014 #9
I'd rather define what a working economy looks like Demeter Feb 2014 #11
Right. Nice analogy. And to provoke that precipitation, Ghost Dog Feb 2014 #40
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ARIES: Demeter Feb 2014 #17
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And the rest is stupidity and intransigence Demeter Feb 2014 #19
i was wondering where's OUR corruption report? xchrom Feb 2014 #22
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Good Plan, Guys! Demeter Feb 2014 #15
THIS is the American Diet, in a Nutshell Demeter Feb 2014 #20
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Carney Seen Raising Rates Before Yellen, Draghi xchrom Feb 2014 #30
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95 percent of Spaniards see corruption as institutionalized xchrom Feb 2014 #45
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Something Absolutely Terrible Just Happened To The Internet. DemReadingDU Feb 2014 #47
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