Repo’s Stubborn Part of the Disinflationary Tendency

By |2020-02-05T16:49:10-05:00February 5th, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

On January 14, FRBNY announced that it would continue offering its short-term liquidity operations for another month, until at least February 13. In setting the scene in order to slowly wean primary dealers from its non-repo repo program, the New York branch also declared that at its term repo window the cap would be reduced from $35 billion to $30 [...]