Central Bank Watch
Bank of England Preview
July 7, 2009
After cutting the British Bank Rate to 0.5% by March from 5.0% at the start of last October and a cyclical peak of 5.75% until December 2007, Bank of England officials adopted quantitative easing with an asset purchase plan to purchase Gbp 75 billion within three months that was expanded in May to Gbp 125 […] More
Central Bank Watch
Australian Cash Rate Held Steady
July 7, 2009
As in May and June, the Reserve Bank decided to keep its target cash rate unchanged at 3.0%. In six moves, such had been reduced 4.25% starting with a 25-bp drop last September and including reductions of 100 bps each in October, December and February, 75 bps in December, and 25 basis points in April. […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: German Industrial Orders Jumped 4.4% in May
July 7, 2009
Sterling weakness persists. Pound off 0.6% against euro and dollar. Dollar movements small otherwise: up 0.2% against the kiwi and Swissy, up 0.1% versus the yen, down 0.1% versus the Aussie dollar and Canadian dollar, and unchanged against the euro. Asian stocks closed mostly lower, with drops of 1.0% in China, 1.5% in Vietnam, 0.7% […] More
