Japan, on the other hand, seems settled in an ultra-low rate, counter-deflation, mode.
Duffy and Donohue argued that the two exchanges rarely competed directly, and that their chief competition wasn't other futures markets but the vastly larger markets in over-the-counter derivatives like interest-rate swaps.
Another is the 30 year conventional mortgage rate against its typical counter part, the 10 year Treasury.
However, it's hard to say how accurate the counter is or how much the rate of downloads may accelerate as the goal gets near.
The cme Group is going up against its own customers--banks like Barclays, jpmorgan and Merrill Lynch, that is--by introducing over-the-counter derivatives, including interest-rate swaps.
But central bank policymaker Halina Wasilewska-Trenkner said Tuesday that she did not expect a significant slowdown in the Polish economy and that the bank should not delay a rate hike to help counter inflation.
The cme Group is going up against its own customers--banks like Barclays (nyse: BCS - news - people ), jpmorgan and Merrill Lynch (nyse: MER - news - people ), that is--by introducing over-the-counter derivatives, including interest-rate swaps.
Which brings us back to the ECB, which rejected interest-rate cuts despite a sharp, counter-inflationary rise in the value of the euro against the dollar and the pound.
The macroeconomy has a long-run equilibrium natural rate of unemployment and GDP from which unanticipated counter-cyclical policy can scarcely nudge the economy.
FORBES: Thomas Sargent, Rational Expectations And The Keynesian Consensus
By now the required run rate had sneaked above eight an over and Butt launched an admirable counter-attack with Misbah, putting on 80 from 87 balls, before Misbah was bowled by Murali Kartik for 38.
Australia's central bank has cut its benchmark interest rate by 25 basis points to 3%, as it looks to counter a slowdown in its mining sector.
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