Day: June 12, 2018

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  Fractional reserve banking is a myth

  It's something that needs to be repeated Some of the smartest professors, economists and traders have no idea about how the banking system works. It[...]
  2018-06-12 22:10:34

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  BOE's McCafferty: Slower investment due to Brexit talks

  McCafferty on LBC Radio Kinda stating the obvious. - Low interest rates are likely to be with us for a quite significant period of time[...]
  2018-06-12 22:10:34

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  ECB's Knot says 'reasonable' to announce end of asset purchases soon

  ECB hawk Klaas Knot speaks in Dutch parliament This continues the stretch of comments that policymakers are more upbeat on the inflation outlook and that[...]
  2018-06-12 22:10:34

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  ECB's Knot says should wind down QE as soon as possible

  Further comments on the day by ECB member Klass Knot Reinforcing his earlier comments on the day. They can't be more clear with the that[...]
  2018-06-12 22:10:34

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  ECB's Weidmann says inflation to gradually return to levels compatible with target

  Bundesbank head Jens Weidmann now chipping in Seems like they're going all out today. The continued hawkish tilt in comments on inflation is pushing the[...]
  2018-06-12 22:10:34

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  PBOC sets USD/ CNY reference rate for today at 6.3919 (vs. yesterday at 6.4040)

  In Open Market operations - PBOC injects 20bn yuan via 7-day reverse repos - PBOC injects 20bn yuan via 28-day reverse repos Net drain of[...]
  2018-06-12 22:09:07

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  CAD traders - heads up for the Bank of Canada today. Preview.

  The Bank of Canada release its Financial System Review today, Thursday 7 June 2018, coming up at 1430GMTY The FSR is a twice yearly publication[...]
  2018-06-12 22:09:07

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  ICYMI: ECB's Praet confirms the June monetary policy meeting is pivotal on QE reduction

  Overnight EUR strength on the remarks from European Central Bank chief economist Peter Praet He was very clear indeed: - Though it will be a "judgment"[...]
  2018-06-12 22:09:07

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  Lopez-Obrador says he would leave the central bank mandate alone

  Nothing radical in Lopez-Obrador central bank strategy The leading candidate to take over Mexico's presidency said he would like to bring new personnel into the[...]
  2018-06-12 22:09:07

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  Phillip Lee resigns as UK minister over Brexit fight

  Tory MP Lee throws in the towel Or at least he's fighting for the ideals he believes in rather than the party. Lee isn't convinced[...]
  2018-06-12 19:28:56

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