Deeper Analysis
Review of Bank of Canada Monetary Policy Report
April 22, 2010
The 32-page quarterly policy report from Canada’s central bank reiterates many points made two days ago in the post-meeting policy announcement. But a number of additional revelations were also imbedded in the report. Here are some of the highlights. Real Canadian GDP at an annualized rate from the prior quarter is projected to have expanded […] More
Central Bank Watch
Filipino Central Bank Moves Closer to an Interest Rate Rise
April 22, 2010
Bangko Sentral ng Pilipinas left its overnight borrowing rate at 4.0% after this month’s meeting but, as at the prior meeting on March 11, cut rediscounting window quotas by P20 billion to just P20 billion. The move becomes effective May 3. The quota at the start of March had been P60 billion. Furthermore, Assistant Governor […] More
New Overnight Developments Abroad - Daily Update
Conflicting Signals From Europe
April 22, 2010
The dollar has appreciated 0.4% against the euro and Swissy, 0.2% versus the Canadian dollar and 0.1% relative to sterling and the Australian dollar. The greenback has dipped 0.2% against the yen and 0.1% versus the kiwi. The Nikkei slumped 1.3% and again fell below 11K, while stocks in Greece got hammered 2.4%. Equities have […] More
