Swiss Franc Can Strengthen Before SNB Would Cut Rates: Chart
Swiss Franc Can Strengthen Before SNB Would Cut Rates: Chart
Swiss National Bank President Thomas Jordan has some breathing room, according to Bloomberg’s latest survey of economists. The threshold for another rate cut lies at 1.03 francs per euro -- about 6 percent stronger than its current exchange rate. There’s a little less margin before serious currency interventions, with the…
Bloomberg
Bloomberg
Draghi Seen Putting ECB Stimulus Back on Agenda After Summer
Draghi Seen Putting ECB Stimulus Back on Agenda After Summer
No sooner will Mario Draghi return from his summer vacation than he’ll be looking to boost euro-area stimulus yet again, economists predict.
Bloomberg
Bloomberg
Draghi Can Argue Glass Is Half Full as ECB Pumps Up Stimulus
Draghi Can Argue Glass Is Half Full as ECB Pumps Up Stimulus
If Mario Draghi wants to tell the world that European Central Bank stimulus is working, he might even have some evidence to show it.
Bloomberg
Bloomberg
German Investor Optimism Rises to 2016 High as China Risk Abates
German investor confidence climbed for a second month, rising to the highest level this year, as concerns over China’s economy eased and the European Central Bank ramped up euro-area stimulus.
Bloomberg
Bloomberg
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Jordan Says SNB Can Fight Strong Franc With Interventions, Rates
The Swiss National Bank has room to cut interest rates further below zero and is willing to increase the size of its balance sheet through currency intervention to prevent an already “significantly overvalued” franc from strengthening, President Thomas Jordan said.
Bloomberg
Bloomberg
The Sub-Zero Club: Getting Used to the Upside-Down World Economy
Japanese families seem to have a sudden affinity for home safes. According to the Tokyo-based manufacturer Eiko, shipments have doubled since last fall. And in Germany, insurer Munich Re has stashed some 10 million euros ($11.4 million) worth of its own cash into vaults.
Bloomberg
Bloomberg