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Thursday, June 10, 2010

The ECB and BOE Maintain Rates

The European Central Bankhas left its key rate unchanged at 1%.

Note: Despite what you read, this is a tight money policy.

The BOE also left its rate inchanged.
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2 comments:

  1. ChristianJune 10, 2010 at 7:13 PM

    Really? Tight? What do you mean?

    ReplyDelete
  2. Robert WenzelJune 10, 2010 at 7:50 PM

    Money supply is NOT growing, as of last week, in the U.S. or EU.

    ReplyDelete