Will Martin, Business Insider, BARCLAYS: There is nothing left to fight the coming economic storm, here. If only there were a way to make more money running the Banking book. A way to make the movement of capital more efficient in their low rates environment. Let’s think together.
Since the financial crisis, central banks around the world have embarked on unprecedented levels of loose monetary policy, cutting interest rates and launching huge packages of quantitative easing to try to facilitate inflation and economic growth.
The level of easing is such that, as Bank of America Merrill Lynch noted on Friday, central banks have now cut interest rates 666 times since the collapse of Lehman Brothers in 2008. The Bank of England’s cut to 0.25% from 0.5% on Thursday is the latest.