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Friday, May 3, 2013

Monetary

News                                                                                                                             
Bloomberg | G-7 Governments Not Playing Favorites as Central Banks Revamped
It’s not paying to be either an insider or the favorite when it comes to landing the top job at a Group of Seven central bank.

Econ Comments & Analysis                                                                                            
Fiscal Times | Why We Should Be Worrying About Deflation
Yesterday, the European Central Bank cut its principal interest rate to counter continuing slow growth. A key factor in the decision is evidence that inflation has been falling in the euro zone from 2.2 percent late last year to a current rate of just 1.2 percent.