Brian Sack’s decision to stay on at the Federal Reserve Bank of New York as an adviser could stoke speculation that further monetary easing is around the corner at the US central bank.
Mr Sack – who is stepping down as planned as head of the markets group – played a key role in the previous rounds of “quantitative easing”, managing and executing the expansion of Fed’s balance sheet. So keeping him around would certainly be helpful. Read more
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ECB cut likely
Next week’s two key events are the Bank of England’s and the European Central Bank’s monetary policy votes. Expect both central banks to act. Read more
Bank of England. Image by Getty.
Hello and welcome to the Bank of England’s press conference on its Financial Stability Report.
The governor will be joined by Adair Turner, chair of the Financial Services Authority; Paul Tucker, deputy governor for financial stability; Andrew Bailey, soon to become head of the FSA’s Prudential Business Unit; and Andrew Haldane, executive director for financial stability.
Expect a raft of questions on the Libor scandal and the eurozone crisis.
All times are London time.
11.54 This live blog is now closed.
11.53 Here are the key takeaways. Read more