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Rack Rates Rock Bottom

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Unconventional monetary policy is a term Stephen Poloz, Chair BOC, described when referring to possible use of negative interest rates ahead.  Angela Merkle, German Chancellor, oversaw the issue of German negative interest rate bonds.  BOE Chair, Mark Carney, expressed negative likelihood of UK rates rising any time soon. Janet Yellin, Fed Chairwoman, has obfuscated repeatedly on US rate direction.

Yellin will stick handle the issue on 16 Dec and skate around rates in a revolutionary old way. While a barely noticeable uptick may be given the nod, the direction offered will be couched in tentative language.

Where's the beef … there is no growth … oil remains mid $30's … rock bottom rates continue …