Central Bank Watch
Chilean Monetary Policy Interest Rate Left at 0.50% as Expected
January 14, 2010
For the sixth month in a row, the Central Bank of Chile left its interest rate at 0.5%. From a peak level of 8.25% over the final four months of 2008, monetary officials had previously cut the rate last year by 100 basis points in January, 250 bps each in February and March, 50 bps […] More
Central Bank Watch
Turkish Central Bank Rates to Stay Low For A Long Period of Time
January 14, 2010
After keeping the key overnight borrowing rate and lending rate at 6.5% and 9.0%, respectively, the Central Bank of the Republic of Turkey released a statement that predicted these “low” rates would be retained for “a long period of time.” A recent acceleration of inflation to an on-year 6.5% in December was blamed on base […] More
Central Bank Watch
No Announced Changes at ECB Press Conference
January 14, 2010
ECB President Trichet unveiled no new policy steps today, nor did his verbal characterization of the euro area economy and ECB policy intentions break any new ground through the addition of new ideas or deletions of prior ones. Current rates are appropriate. Growth, which continued to be positive last quarter, has benefited from some temporary […] More
New Overnight Developments Abroad - Daily Update
Equities Higher on Low Interest Rate Expectations
January 14, 2010
The ECB is expected to signal no rate hike for quite some time. Rate announcement arrives at 12:45 GMT. Press Conference begins at 13:30 GMT. The Nikkei rose 1.6%. Stocks also gained 1.4% in China, 1.1% in Taiwan, 0.9% in South Korea, 0.7% in Singapore, 0.5% in Indonesia, and 0.4% in Thailand, Malaysia and India. […] More
