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Calling Realistbear - Translations Of Trichet Speak On Rates

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http://ftalphaville....r-very-closely/

With interest rates across the entire maturity spectrum remaining low and the monetary policy stance still accommodative, we will continue to
monitor very closely
all developments with respect to upside risks to price stability.

Translation:

We will skip June and raise rates in July. Or maybe August.

and a wonderfully amusing chart highlighting the subtle nuances in Central Banker speak :lol:

Danske_ECB.jpg

A bit disappointed not to see any Lerts. Wasn't Trichet remaining a Lert or was in Merv who was a Lert.......can't remember now.........

Edited by Red Karma

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http://ftalphaville....r-very-closely/

and a wonderfully amusing chart highlighting the subtle nuances in Central Banker speak :lol:

Danske_ECB.jpg

A bit disappointed not to see any Lerts. Wasn't Trichet remaining a Lert or was in Merv who was a Lert.......can't remember now.........

That's chart is obviously opposite to the BOE one. Where close vigilance actually means "we will not raise rates no matter what inflation does... Ever"

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They say what they want us to hear, I always assume they'll do the opposite.

When the BoE say they'll be vigilant on wage increases I presume they're hoping for some big rises.

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IMO a commodities bust and return to recession is saying no to IR hikes. Also, quite a few pending HPCs underway, especially in Iberian Penn and we are starting to stoke up a big one. If the big metals sell-off keeps going it may be the market saying no to MT and LT inflation.

In any event. Merv cannot hike with a HPC about to get better (for buyers).

Happy Dayz may be here again.

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Guest spp
"The economic consequences of high-level indebtedness now would become more severe if rates were to rise,” Mr King said. β€œIt is the main reason why interest rates are so low.”

The plastic bullets are running out.

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  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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