BOE: rates could stay low for “quite some time”
June 10, 2009 at 11:34 AM EDT
[Skip to the end] Yes, as previously discussed, announcing a term structure of Fed funds levels would be far more effective in bringing rates down than securities purchases. But that closes the door to rate hikes for that period of time, which is exactly what markets discount with the current term rate structure. Especially with crude and commodities [...]