Central Banks

ECB, BoE leave interest rates at record lows

So the European banks are leaving there interest rates the same similar to what America is doing.  Very low rates all below 1%  they are obviously not to afraid of inflation yet.   These are some of the lowest rates in history.  We all have interest rates like Japan.  If you can't get people to borrow at 1% i guess you can't get people to borrow.

 "We have signs of stabilization. We are out of the free-fall," Trichet said. "We have to be cautious. We have to be prudent."

 

Trichet welcomed the U.S.'s support for a "strong dollar" policy -- some in the markets think the U.S. has been operating a policy of benign neglect towards its currency over recent months in an attempt to boost exports. 

 Seems kind of coordinated to me.  Which is good.  Coordination brings stability.

 

Just another 54 billion $

FHA Shortfall Seen at $54 Billion May Lead to Bailout Bloomberg