Tag Archives: Money Supply

Macroview Bank lending grew at a record pace in Q1, in spite of challenging environment for banks Read the full report here The expansion of bank credit to euro area non-financial corporations slowed in March, to EUR 1bn compared with a rise of EUR 24bn in January and EUR 19bn in February. By contrast, credit to households continued to increase at a decent pace in March and was slightly stronger than in previous months. Although credit flows eased in March, the three-month moving...

While Forex banks, traders, and other institutions are being blamed for market rigging, the Swiss National Bank can publish reports about its own market rigging, but instead of being a scandal, it's economic data.  That's because the vast majority don't understand how the Forex markets work.  It's not insulting - it's a fact.  Currently there are hundreds of pending litigation cases against a plethora of Forex banks, traders, and other institutions - but none against a central bank.  Of...

While Forex banks, traders, and other institutions are being blamed for market rigging, the Swiss National Bank can publish reports about its own market rigging, but instead of being a scandal, it’s economic data.  That’s because the vast majority don’t understand how the Forex markets work.  It’s not insulting – it’s a fact.  Currently there are hundreds of pending litigation cases against a plethora of Forex banks, traders, and other institutions – but none against a central bank....

Back in August 2012, when negative interest rates were still merely viewed as sheer monetary lunacy instead of pervasive global monetary reality that has pushed over $6 trillion in global bonds into negative yield territory, the NY Fed mused hypothetically about negative rates and wrote "Be Careful What You Wish For" saying that "if rates go negative, the U.S. Treasury Department’s Bureau of Engraving and Printing will likely be called upon to print a lot more currency as individuals and...

In 1978 the SNB established for the first time a cap on the Swiss franc, to prevent the inflows of American funds into Switzerland that escaped the US stagflation but caused some “imported inflation” in Switzerland, too.  The Swiss introduced a DEM/CHF floor at 0.80 CHF on October 1, 1978, having known that the US government and the Fed were ready to fight inflation and the weak dollar. About one month later the FOMC hiked rates to 9%. Paul Volcker With the money supply (M1) targeting...