30 Jan 2014
Flash: Monetary policy takes centre stage - Danske Bank
FXstreet.com (Barcelona) - Anders Møller Lumholtz, Senior Analyst at Danske Bank notes Monetary policy decisions are taking centre stage on the back of renewed emerging market turmoil.
Key Quotes
“At Bernanke’s last meeting as chairman the Fed continued the tapering with another USD10bn reduction of its asset purchases to USD65bn. Last night’s decision was unanimous.”
“The Fed statement only contained marginal changes. The few changes
that were there were slightly to the ‘hawkish’ side – despite the recent turmoil in
emerging markets.”
“Looking ahead we expect the Fed to be more or less on autopilot continuing with USD10bn of tapering per meeting the rest of the year and that the bar is pretty high for the Fed to change this strategy, see The Fed tapers another USD10bn and recognizes recent pick-up in growth.”
Key Quotes
“At Bernanke’s last meeting as chairman the Fed continued the tapering with another USD10bn reduction of its asset purchases to USD65bn. Last night’s decision was unanimous.”
“The Fed statement only contained marginal changes. The few changes
that were there were slightly to the ‘hawkish’ side – despite the recent turmoil in
emerging markets.”
“Looking ahead we expect the Fed to be more or less on autopilot continuing with USD10bn of tapering per meeting the rest of the year and that the bar is pretty high for the Fed to change this strategy, see The Fed tapers another USD10bn and recognizes recent pick-up in growth.”