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Notayesmanseconomics's Blog
23.07.2024
Last week the ECB met for a policy meeting. The reason I have mostly ignored it until now was because after the way that interest-rates were cut in June accompanied by a rise in the inflation forecast July was always going to be a dead meeting. Actually in that sense it was a return to…
24.07.2024
The new Chancellor of the Exchequer Rachel Reeves has so far been doing what pretty much all chief finance officers do which is to blame their predecessors. Then any better news will reflect on her wise stewardship. At the same time a couple of problems have popped up early in her term. The first is…
25.07.2024
This morning has brought another economic worry for the Euro area and the ECB. We had started 2024 with ECB President Christine Lagarde pointing to signs that the economy was picking up. This was followed by 0.3% GDP growth in the first quarter and probably something similar in the second. But towards the end of…
26.07.2024
The year so far has seen more than a few gyrations on what was as we entered it expected to be a year of interest-rate cuts from the US Federal Reserve The starting gun on this was fired by no less than the Chair of the Federal Reserve Jerome Powell. The time that the ten-year…