"Endgame for Central Bankers" Says Saxo Bank CIO
Excerpt from: "Endgame for Central Bankers" Says Saxo Bank CIO
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Excerpt from: "Endgame for Central Bankers" Says Saxo Bank CIO
Because of increase strength in the Krone and speculation Denmark would abandon its peg, Danish central Bank Slashes Rates to -20bps . The central bank in Copenhagen lowered its deposit rate to minus 0.2 percent from minus 0.05 percent, according to a statement today. The lending rate was cut to 0.05 percent from 0.2 percent.
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Reuters reported Sunday afternoon that Ukrainian troops retake most of Donetsk airport from rebels .
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For details, please see It Only Takes One: Hedge Fund Manager Who Survived Five Debt Crises Wiped Out Overnight on Swiss Franc Repercussions This Swiss Franc peg story goes far beyond speculation on the Swiss franc.
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