ABERDEEN ASSET MANAGEMENT Luke Bartholomew Comments on Bank of Canada Interest Rate Cut
Aberdeen Asset Management Investment Manager Luke Bartholomew comments:
"Some might call it another shot in the currency war, others the first signs of coordinated monetary easing from central banks."Barely six months ago a lot of people thought Canada would be the first of the big economies to raise rates. The oil price collapse has changed all that by pushing inflation lower and being negative for the overall economy.
"This latest rate cut might make it harder for some investors to imagine that the US is going to break cover and raise rates this summer.
"Norway next?"
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