ECB botches a policy opportunity

This is shaping up to be a really bad day for financial markets, made worse by another botching of a policy opportunity by the ECB.

A repeat of 1987?

The 1987 experience suggests that financial market volatility alone will probably not result in an imminent recession for the U.S. economy.

BoE saves the day; ECB next?

The BoE’s bold moves give us some hope that the ECB will lower capital adequacy standards to finally unleash some lending on a credit-starved economy.

Statement on surprise Fed rate cut

HFE does not believe that cutting interest rates will help resolve the supply shock induced by the coronavirus outbreak and the policy responses to it.