Monday, Feb 12, 2007
Is it time to convert pounds to yen?
The Independent: The central bank that matters for now is not the BOE - it's the Bank of Japan
However, if the increase in sterling is accompanied by a rise in money deposits in the UK, it's just as easy to argue that there's been a loosening of monetary conditions because those higher deposits might find their way into rising equity and house prices. These in turn, lead to higher demand and, maybe, higher inflation.
Posted by sold 2 rent 1 @ 09:39 AM (160 views) Add Comment
1 Comment
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1. bidin'matime said...
Good article, worth reading by anyone looking for a straightforward explanation, but it's what many have been saying on this blog for a very long time.