Daily Archives: October 8, 2009

Ralph Atkins

A quick take on the main lines from the ECB’s press conference in Venice from Ralph Atkins of the Financial Times 

Happily for Sweden, Latvia accounts for less than five per cent of Swedbank’s total lending and only three per cent of SEB’s, and both banks have recently strengthened their balance sheets. Less happily for Sweden, currency traders are bearish the krona, writes Andrew Ward of the FT 

Economics headlines from around the world 

The Fed has accused banks of ignoring the risks of debt backed by commercial real estate, with some worrying numbers about bank reserves. Gold climbs higher, but is it being pushed up by new type of buyer, interested in speculating rather than hedging?  

Chris Giles

The Bank of England left monetary policy unchanged in October, holding interest rates at 0.5 per cent and the level of quantitative easing at £175bn. No surprise here, writes Chris Giles of the Financial Times, with the big questions postponed until the November meeting. How much QE is the right amount of QE? That is what the Monetary Policy Committee will have to decide.  

Ralph Atkins

Ralph Atkins blogs for the Financial Times ahead of the European Central Bank meeting in Venice 

Chris Giles

International comparisons of productivity do not yet show the huge differences that have occurred in 2009, writes Chris Giles of the Financial Times. They still show a smooth path, one that will not continue when the 2009 figures are finally published.