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Morning comment: No BoJ surprises

Chris Scicluna
  • After the BoJ pulled no surprises overnight, all eyes remain on the bond market. 

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Did the Fed bottle it?

The Fed’s decision last night not to start its tapering process, in spite of almost universal expectations fuelled by the Fed itself that it would, has been both welcomed by financial markets, which have rallied hard in its aftermath, and characterised as the...

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Cyprus’ missed opportunity?

Last week saw the much-diminished Cypriot banking system finally re-open, albeit with onerous capital controls in place. These include limits on credit card transactions, daily withdrawals, money transfers abroad and the cashing of cheques...

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BoE: Only a matter of time

Just two weeks ago the outlook for BoE policy, in the near term at least, looked pretty boring. Having completed its latest slug of Gilt purchases in October last year, and having subsequently opted...

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The strong euro: Is it a game changer for the ECB?

Having strengthened steadily since last July, the euro has taken a breather in response to Draghi’s remarks following last week’s ECB Governing Council meeting. Most notably, by highlighting the downside risks to inflation...

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