Crisis? What crisis?

Key highlights Financial market volatility was markedly lower during January as optimism reigned. No substantive action from Eurozone policymakers, but healthy demand at government bond auctions. US Federal Reserve expects interest rates to remain at or near zero until at least late 2014.     Report prepared by: Daniel Smith ASB Economist Phone: +64 9 301 5853 Fax: +64 9 302 0992