Archive for July 26th, 2010

Central Bank Watch

Bank of Israel Lifts Key Interest Rate for Second Time in 2010 and Fifth Time Since August 2009

July 26, 2010

Somewhat unexpectedly, Israel’s policy rate was raised by 25 basis points to 1.75%.  The prior four increases, all by 25 bps, were implemented in August, November, and December of 2009, as well as March of this year.  Like those moves, Today’s statement characterized the most recent increase as part of a normalizing process, but the […] More

New Overnight Developments Abroad - Daily Update

Some Second Thoughts about the European Stress Tests

July 26, 2010

The euro dipped 0.1% against the dollar, which otherwise shows losses of 0.5% against sterling, 0.3% against the yen, Swissy, and kiwi, 0.2% against the Canadian dollar, and 0.1% relative to the Australian dollar.  They Chinese yuan was again unchanged against the dollar. Equities in the Pacific Rim rose by 0.9% in South Korea and […] More