Instead, as coupons and maturity payments are linked to inflation, index - linked gilt prices are instead driven much more by changes to inflation expectations, and also the complex interaction between nominal interest rates and those inflation expectations (real interest
Instead, as coupons and maturity payments are linked to inflation, index - linked gilt prices are
instead driven much more by changes to inflation expectations, and also the complex interaction between nominal interest rates and those inflation expectations (real interest
instead driven much more by changes to inflation expectations, and also the complex interaction between
nominal interest rates and those inflation expectations (real
interest rates).
Knowing BOCs boss I would not be surprised at all if we move to negative
nominal interest rates while inflation is at 8 - 10 % annually (of course the very move of cutting the
rates down
instead of raising it up will kill the CAD and the imports will skyrocket, including food, so 10 % inflation is pretty much guaranteed)