Central Bank Watch
Bank of Japan Preview: Preparing to Ease Soon
January 25, 2010
The advent of the Bank of Japan’s two-day policy meeting on Monday and Tuesday has seen a rise in market chatter about prospects for more Japanese quantitative easing, if not this week then sometime this quarter. Some of the central bank’s most dramatic policy changes have historically been unveiled either in September shortly before the […] More
Central Bank Watch
Another 25-Basis Point Cut in Hungary’s Central Bank Rate
January 25, 2010
The Magyar Nemzeti Bank two-week deposit rate was cut from 6.25% to a 44-month low of 6.0%, bringing the cumulative decline since mid-2009 to 350 basis points. The key rate was also reduced by 25 bps last month after cuts of 50 bps each in August, September, October and November, and an initial reduction of […] More
New Overnight Developments Abroad - Daily Update
Politicians Won’t Risk Not Reconfirming Bernanke
January 25, 2010
The dollar and yen are slightly lower in a sign of somewhat receding risk aversion, but stocks still look shaky. Congress took a look at the stock market bloodbath last week and decided not to kill Bernanke’s reappointment at Fed Chairman. The yen fell 0.4% against the dollar, which is otherwise off 0.8% against the […] More
