Thursday, January 22, 2015

What central banks have been up to

Weekly update on what central banks have been up to the past week. Bad news essentially.

1) Switzerland cut rates but appreciated their currency which was unexpected.
2) Turkey cut rates.
3) Denmark cut rates.
4) Canada cut rates.
5) England cannot increase rates. Note: The BoE wanted to increase rates in 2015 based on their statements last year.
6) Japan`s inflation forecast cut.
7) Malaysia is not doing anything. 

Brazil is the only central bank to increase rates but this is an extreme take as inflation is getting out of control. 

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