It is curious to reflect that when US and UK policy interest rates were cut to their lowest ever levels in March 2009, markets expected them to be on the rise within the year. More than six years later the rates remain the same and the markets are still obsessed with the timing of a rise. When that will happen is as clear as mud in the wake of after the?Federal?Open?Market?Committee’s?statement?last?week.
2009年3月英美政策利率被降至其歷史最低水平后,市場預期兩者在當年內就會上升,現在想到這一點讓人費解。6年多過去了,利率一直保持在相同的極低水平,而市場仍糾結于加息時機。在聯邦公開市場委員會(FOMC)上周發表聲明之后,何時加息仍是個未知數。
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