BoE and ECB act … too late anyway?
Donnerstag, November 6th, 2008The Bank of England reduced rates today by 150(!!!) bps … a RECORD CUT. ECB and SNB did 50 bps … In a non-concerted action … they are all THAT independent … Markets still sold off as it is regarded as hectic, too late (BoE) or NOT sufficient (ECB). Anyway … as the crisis is [...]
