Not so long ago, one of the more simple tasks of an economist's life was forecasting what would happen to interest rates. Just make a prediction that rates wouldn't change and you would almost certainly be right.
From August 2004 to July 2006, the Bank of England's Monetary Policy Committee (MPC) changed the base rate just once, when in August 2005 they reduced it from 4.75% to 4.50%.
And to make life really easy, one only had to forecast the movement in the base rate because the other key market
The week on Risk.net, October 6-12, 2017Receive this by email
- Quantile, TriOptima face off in cleared swaps compression battle
- ABS set for revival under US Treasury’s liquidity buffer plans
- Deutsche Bank expects early 2018 decision on LCH exit
- Industry hails potential US relaxation of margin timing rules
- Leaked EU doc could shield legacy swaps from clearing grab