In Mammon Among Friends, Malcolm C. Harris, Sr. provides commentary and news about the national economy, the Wichita economy, the world of finance, and utility & postal economics. Experiences such as a utility commission staff manager, forecasting postal volumes and revenues, consulting on utility regulation, and teaching corporate finance have shaped his analysis.
Monday, March 03, 2008
Central Banks: Divergent Responses
The Financial Times tells us that this will be a busy week. The purchasing managers survey (aka ISM) will come out Monday and employment on Friday. Inflation reports are due out in the Eurozone and Great Britain. The ECB is likely to raise rates to 4% while the Bank of England is likely to hold them steady at 5.25%. On Tuesday, the Reserve Bank of Australia "could increase interest rates from 7 to 7.5 per cent, while Canada is expected to cut rates by 25 basis points to 3.75 per cent."
Well said.
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