Central Bank Watch
Bank of Japan Preview
April 6, 2010
This week’s meeting of the Bank of Japan Policy Board, which ends Wednesday, is squeezed between a meeting three weeks ago when fixed-asset operations to provide short-term liquidity were doubled to 20 trillion yen and another at the end of April when new semi-annual price and growth forecasts will be unveiled. Those other meetings dwarf […] More
Central Bank Watch
Bank Indonesia Leaves Monetary Policy Unchanged As Expected
April 6, 2010
Bank Indonesia released another fairly dovish statement, keeping the BI benchmark rate unchanged at 6.5% following an eighth straight meeting and indicating that these steady low rates can be maintained for at least a few more months. Officials are upbeat about growth, nudging up the projected range to 5.5-6% this year and 6.0-6.5% in 2011 […] More
Central Bank Watch
Australian Cash Rate Raised a Fifth Time
April 6, 2010
The Reserve Bank of Australia became the first central bank to lift interest rates five times since the world recession, engineering a 25-basis point increase for the the fifth time in the last six meetings and issuing a statement that called today’s decision one more step in a process of re-attaining normal rates insofar as […] More
New Overnight Developments Abroad - Daily Update
Rate Hike in Australia and More Concerns About Greek Debt
April 6, 2010
The dollar jumped 0.9% against sterling and 0.6% against the euro and Swissy. Sterling was hurt by an ICM poll giving the Tories only a 4 percentage point lead over Labour, thus suggesting a hung parliament after spring elections. Signs of unraveling in contingency plans to involve the IMF with EU countries in a bailout […] More
