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Western central banks threaten to hit the brakes

Published 06/28/2017, 09:46 AM
© Reuters.  Western central banks threaten to hit the brakes
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  • Likely with their eyes on what could be asset bubbles all over, there appears to be a concerted effort among the major central banks to cool animal spirits.
  • This morning, the Bank of England's Mark Carney is the latest to do so. Speaking at a forum alongside a number of his peers, Carney says removal of BOE stimulus may be necessary. The pound (NYSEARCA:FXB) has obligingly jumped, now higher by 0.8% vs. the dollar at $1.2912.
  • Speaking yesterday, Janet Yellen - who favors more U.S. rate hikes even as inflation is slowing - warned that certain assets were "somewhat rich."
  • Previously: Loonie on the move as Poloz moves closer to rate hike (June 28)
  • Previously: Bond yields leap as Draghi turns (somewhat) hawkish (June 27)
  • Previously: BOE's chief economist turns hawkish; pound on the rise (June 21)
  • Now read: The Pound And The Snap Election


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