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21 Oct 2013
Flash: Sterling to fair best on first rate rises?- BBH
FXstreet.com (London) - Research teams at BBH said that long-term interest rates may have bottomed several months ago, but rates will remain low for several more months. They look at the major four central banks.
Key quotes:
“It is becoming clearer to many that the Federal Reserve is most likely not going to reduce the $85 bln of long-term securities it is purchasing every month”.
“The BOJ remains committed to buying the equivalent of $75 bln of assets a month”.
“The ECB continues to provide full allotment at its fixed rate repo operations, even if strong banks have repaid their long-term repo borrowings”.
“The Bank of England's economist Dale tweeted at the end of last week that UK rates are unlikely to rise next year”.
Key quotes:
“It is becoming clearer to many that the Federal Reserve is most likely not going to reduce the $85 bln of long-term securities it is purchasing every month”.
“The BOJ remains committed to buying the equivalent of $75 bln of assets a month”.
“The ECB continues to provide full allotment at its fixed rate repo operations, even if strong banks have repaid their long-term repo borrowings”.
“The Bank of England's economist Dale tweeted at the end of last week that UK rates are unlikely to rise next year”.