It is curious to reflect that when US and UK policy interest rates were cut to their lowest ever levels in March 2009, markets expected them to be on the rise within the year. More than six years later the rates remain the same and the markets are still obsessed with the timing of a rise. When that will happen is as clear as mud in the wake of after the Federal Open Market Committee’s statement last week.
2009年3月英美政策利率被降至其历史最低水平后，市场预期两者在当年内就会上升，现在想到这一点让人费解。6年多过去了，利率一直保持在相同的极低水平，而市场仍纠结于加息时机。在联邦公开市场委员会(FOMC)上周发表声明之后，何时加息仍是个未知数。
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