” but it is interesting these interest rates and manipulations always take place behind closed doors”
And yet somehow we know that the Fed funds rate was just raised a quarter of a percent to 2.5%.
Did they forget to keep this hidden from us?
You misunderstood me there friend.
Of course the interest rates are announced. They are leaked even in advance, most of the time.
I was referring to the interconnectivity - of our exchange rates, and the daily LIBOR rate between New York and London, and the impact of non-market based bias and manipulation of the Fed Board of governors and Fed beneficiaries (stockholders) around the world. They do meet, and they do make credit decisions. Markets can and certainly do weigh into the “calculus” as well.
They make the decisions to loosen or tighten the credit/debt/money supply portion of the equation, which then impacts the massive money markets and currency markets.
As big as the markets are, they are not alone in determining direction and value, credit/debt rates, or velocity of money. They impact each other.
Gold held in select repositories around the world is also exchanged periodically, between central banks. And this is also very much related.