USA - monetary policy

Janet Yellen talked about the possible directions of the monetary policy. According to the Federal Reserve chair, further improvement of the data is required, and it needs stimulating environment. According to some recent news, Fed is preparing a package to ease lending conditions in the US, and Yellen mentioned real estate markets’ vital role in achieving their inflationary goals. Based on this, we think that apart from further QE3 tapering, low rates environment will remain on a mid-term



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