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The US treasury market reaches breaking point

The US treasury market reaches breaking point

The structural issue that could cause the world's market of last resort to grind to a halt

Abigail Hofman:

Abigail Hofman:

I wonder if ______ is an extremely optimistic person or in a cocoon of senior management denial

Tuesday, September 2, 2008

Bangko Sentral ng Pilipinas to maintain tight monetary stance.





Bangko Sentral ng Pilipinas to maintain tight monetary stance. According to the Manila Times , Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco stated recently that in order to control inflation and in order to deal with inflation expectations, it would be necessary for the BSP to maintain an appropriately tight monetary stance. Tetangco also said that it was essential to ensure price stability in order to sustain growth over the long term. The BSP expects inflation to reach between 9% and 11% this year and between 6% and 8% next year. The BSP recently raised its key rates by 25bps to 6% for the overnight borrowing rate and 8% for the overnight lending rate. Analysts are expecting the BSP rates to increase the key rates further.







The environment where anyone can leave a big firm and say I wanna start a hedge fund’ and have people throw money at them is clearly over

Grant Kvalheim, former president of Barclays Capital, is one of many senior bankers mulling life after the credit crunch

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