Central Bank Watch
New Zealand Gets First Rate Increase
June 9, 2010
The Reserve Bank of New Zealand (RBNZ) raised its Official Cash Rate (OCR) to 2.75% from 2.5%, which had been the OCR level since a 50-basis point cut in April 2009. Most but not all analysts anticipated the move. Central bank officials project a more broadly-based recovery with 3.5% GDP growth in both 2010 and […] More
New Overnight Developments Abroad - Daily Update
Some Highlights Since Friday
June 9, 2010
The dollar since late Thursday has lost 1.2% against the yen and 1.3% versus the Swiss franc but shows gains of 1.1% against the Aussie dollar, 1.0% versus the euro and 0.2% against sterling. Stocks have dropped 4.8% in Japan, 2.4% in Britain, 2.1% in the U.S. and 1.1% in Germany. Ten-year bond yields are […] More
