Central Bank Watch
Colombian Base Rate Remains at 3.0%
May 27, 2010
The Colombian Central Bank of the Republic is keeping a 3.0% base rate. In a newly released statement, officials attributed slightly higher CPI inflation of 2.0% in April to transitory special factors, noted that core inflation is in the lower part of a 2-4% target band, and spoke about the still uncertain impact of Europe’s […] More
Deeper Analysis
U.S. and Japanese Growth Properties
May 27, 2010
U.S. real GDP growth of 3.0% at a seasonally adjusted annualized rate (saar) in the first quarter was only 60% as rapid as Japanese growth of 4.9% saar in the same period. However, two-quarter U.S. annualized growth between 3Q09 and 1Q10 was very similar at 4.3% saar to Japan’s 4.6% over the same period. Other […] More
New Overnight Developments Abroad - Daily Update
Verbal Vote of Confidence for Euro from China
May 27, 2010
China’s State Administration of Foreign Exchange released a statement asserting China remains a long-term investor in Europe and denying rumors of any consideration of downsizing its euro portfolio. The statement, although just words (but what else could realistically be said?) boosted world stocks and bond yields while depressing the dollar. British PM Cameron also made […] More
