Wall Street Journal (November 5)
“The drumming you hear in Washington, Frankfurt and Tokyo is the accompaniment to the Central Bank Limbo, as the world’s monetary maestros line up to see how low they can go. The Bank of England (BOE) joined the queue Thursday with its announcement that a rate increase will again be delayed.” BOE Governor Mark Carney warned a year and a half earlier “that a rate rise could come ‘sooner than markets currently expect.’” Nevertheless, “Britain’s monetary-policy committee reverted to dovishness at its meeting this week.”
Tags: BOE, Carney, Central bank, Dovish, Frankfurt, Limbo, Markets, MPC, Rate increase, Tokyo, Washington
Euromoney (October Issue)
“Today, Luxembourg’s streets are filling with Chinese bankers. They see the Grand Duchy as a hub for their European operations—not least for trading and settlement of the renminbi. Are London, Frankfurt and Paris in danger of being left behind?”
Tags: Chinese bankers, European operations, Frankfurt, Hub, London, Luxembourg, Paris, Renminbi, Settlement, Trading
