FX intervention "not always effective" -- Bis
NEWS
BASEL -- Global central banks’ intervention in the FX markets has altered considerably since the mid 1980s, and is not always successful, according to the Bank for International Settlements in Basle (Bis).
A report made public last week found that "the context in which intervention has been carried out has altered since the time of the Plaza and Louvre accords in the 1980s". One of the main reasons for this was the increase in FX trading in the 1990s, which led to volumes outweighing the FX
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