short update: as already priced by the market and expected by investors, NBR raised the monetary policy rate to 10% ... still no change in minimum reserve requirements ...
so, FED @ 2% (with Mr. Bernanke prepared to start raising the key lending rate fearing inflation might take off), NBR - 10%, and ECB - Mr. Trichet signaling interest rate hike to 4.25% ...
inflation - the disease of last century and this one as well?
Thursday, June 26, 2008
Labels:
Bernanke,
FED,
Inflation,
NBR,
Trichet
Inflation ...
Posted by Dan Tincu at 9:23 PM
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