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ECB's €40bn Stimulus Gamble: ECB Pulls Out Bazooka, Cuts Rates, Buys Assets; Will this Stimulate Lending?

MishTalk

Interventions under these programmes will start in October 2014. The detailed modalities of these programmes will be announced after the Governing Council meeting of 2 October 2014. in August 2014, after 0.4% The September 2014 ECB staff macroeconomic projections for the euro area foresee annual HICP inflation at 0.6%

Banking 74
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Oil’s Boom-and-Bust Cycle May Be Over. Here’s Why

Harvard Business

In November, United States’ crude oil production exceeded 10 million barrels per day for the first time since 1970, according to the US Energy Information Administration (EIA). The recent price swings highlight a new era of uncertainty gripping the world’s energy markets. hbr staff/bettmann/Getty Images. The soaring U.S.

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FOMC Minutes and Economic Projections: Dissent in Both Directions

MishTalk

percent for 2014, and 2.9 Participants also described their views regarding the appropriate path of the Federal Reserves balance sheet. Many other participants anticipated that it likely would be appropriate to continue purchases into 2014. percent at the end of 2014, and 5.8 The Outlook for Economic Activity.

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Swiss Bank Hits Customers With Negative Interest Rates; Crazy? What About Velocity?

MishTalk

With its balance sheet totalling nearly 1.6 billion Swiss francs last year, most of its activities are concentrated in cooperative housing projects, providing affordable housing and sustainable energy solutions, as well as organic farming. Less Than Zero Bloomberg offers a "quick take" on Less Than Zero.

Banking 28
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Right on Cue: Fed's Dudley Delivers Dovish Speech

MishTalk

Another significant shock is the nearly 15 percent appreciation of the exchange value of the dollar since mid-2014. In particular, most of the impact from the decline in energy prices that has weighed down overall inflation is likely over. Now, with prices dramatically lower, U.S. This will exert a meaningful drag on economic activity.