Central Bank Watch
Bank of Israel Tightens
September 27, 2010
Interest rate decisions by the Bank of Israel are made at pre-scheduled times but by a single person, Governor Stanley Fisher. Efforts are underway to cede authority to a committee, but that hasn’t happened yet. During the world and Israeli recessions, the central bank policy interest rate was cut eight times starting in October 2008 […] More
Central Bank Watch
Hungarian Central Bank Base Rate Left at 5.25%
September 27, 2010
Hungary’s base rate has been at 5.25% since a 25-basis point cut in April. Such had been the tenth consecutive monthly reduction and fifth drop in a row of 25 basis points in size. Earlier rate history included a 300-basis point jump in October, followed by a 50-bp cut in November, two cuts of 50 […] More
New Overnight Developments Abroad - Daily Update
Equities Firmer, Euro Softer
September 27, 2010
In the Pacific Rim, the strength of equities seen in North America on Friday was extended as investors take on more risk. Stocks rose 1.7% in China, 2.1% in Indonesia, 1.1% in Thailand, 1.4% in Japan, 1.6% in Australia, 0.9% in New Zealand, 0.8% in South Korea and 0.7% in Singapore. European trading shows greater […] More
