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The “monetary policy” column of their “economic forecasts” column is completely messed up: for the US they display the upper limit of the federal funds target r
by littlestymaar 3y ago
The “monetary policy” column of their “economic forecasts” column is completely messed up: for the US they display the upper limit of the federal funds target range (which is currently equal to the discount rate), but for the Euro area they display the deposit rate (which is 75bps lower than the marginal lending facility rate, which is the ECB equivalent of the discount rate).
I know this kind of table isn't the place to subtle discussion about the different types of interest rates, and how they are all different from one central bank to another, but at least compare rates that can be compared instead of picking an interest rate at random!
I honestly don't understand how this could have gone through proofreading…