News
Bloomberg | ECB Says Rate Cut Is Consistent With Low Inflation in Euro Area
The European Central Bank said low inflation in the 17-nation euro area allowed policy makers to cut interest rates last week, as economists lowered forecasts for consumer prices and economic growth.
Bloomberg | Central Banks Keep Easing After 511 Cuts Fail to Spur Economies
Global central bankers are poised to ease monetary policy even further after a wave of interest-rate cuts from India to Poland.
Econ Comments & Analysis
Heritage Foundation | Research Review: Zero Lower Bound Interest Rates
In monetary policy, zero is an important number. Nominal interbank interest rates cannot normally sink below zero—that would mean one bank was paying the other to borrow its money.
Blogs
WSJ | Fed’s Evans: Low Inflation to Persist for Years
U.S. inflation, now running about 1.5%, is below the Federal Reserve‘s long-term objective and should stay that way for years, although it’s too soon for the central bank to react with a policy shift, the president of the Chicago Fed said Thursday.
