Archive for September 2nd, 2009

Central Bank Watch

Monetary Policy Also Unchanged in Colombia

September 2, 2009

This past Friday the central bank in Colombia, which implemented six rate cuts totaling 500 basis points during the first half of 2009, left its policy rate at 4.5% for the second time this quarter.  Policy is more even-sided now, balancing the priorities of recovery and price stability, but many analysts are unwilling to bet […] More

Central Bank Watch

Australian Cash Rate To Remain At 3.0%

September 2, 2009

At a meeting on Tuesday, the Reserve Bank of Australia left its benchmark interest rate unchanged at 3.0%, a level it considers “accommodative” yet “appropriate.”  The cash rate was last cut by 25 basis points on April 8th.  The first of six reductions was also by 25 basis points from 7.25% to 7.0%.  In between, […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Australian 2Q GDP Growth Faster Than Expected

September 2, 2009

Stocks in Asia and Europe continued to fall.  Japan’s Nikkei fell 2.4%, and markets closed down 1.8% in Hong Kong and Indonesia, 1.0% in Singapore, 1.6% in the Philippines, 0.6% in South Korea, 1.7% in Australia, and 0.5% in India.  In Europe, French, German, and British equities are trading 0.9%, 0.8%, and 0.5% lower. The […] More

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