monetary policy

On June 10 there will be a referendum in Switzerland, something which is quite usual in this confederate State. But this one is particularly interesting. In this country, famous for […]

The US Federal Reserve, in a widely expected move on Wednesday, left interest rate unchanged at 1.50-1.75 per cent, acknowledging that inflation is near its 2 per cent target. The […]

The last Newsletter predicted the arrival of the Renminbi in grand style and the penultimate number underlined the bond rout and the fact that the US Dollar is overvalued. The huge American national debt has been repeatedly mentioned as well as the enormous US trade deficit.

The US dollar may appreciate further and become even more overvalued before the turning point is reached. The Trump effect may last a bit longer, but by Q4 2017 and no later than the end of H1 2018 the tide will begin to turn against the greenback

After a lengthy stay in the land of Oz down under, where one has a very different point of view, a return to a new situation that is still very much the old situation is enlightening.

The government defended he Swiss National Bank’s (SNB) independence and rejected a number of proposals to reform Switzerland’s central bank.

"The SNB’s monetary policy concept has proved its worth also in difficult situations such as in the wake of the global financial crisis from 2007 to 2009," the cabinet said in a statement after a meeting.

The abandonment of the CHF1.20 peg to the euro in January 2015 saw the franc appreciate further against the euro at the expense of exporters and the Swiss tourism industry. This sparked a raft of parliamentary proposals to force the SNB to change course.

The point of view of A.M. Spence, Nobel Prize in Economics Sciences, about the new global economic scenario after Trump election

After nearly seven years from the end of the deepest global financial crisis of the postwar period, growth continues to be slow in advanced countries and falling in most emerging market economies. There is even the risk that the world may be drifting toward a new global financial crisis and even secular stagnation. These are the issues examined in this paper.