Archive for October 25th, 2010

Central Bank Watch

Bank of Israel Benchmark Interest Rate Left at 2.0%

October 25, 2010

As analysts anticipated, there was not a seventh rate increase.  The six increases, each by 25 basis points, were announced in August 2009, November, December, March 2010, July and September.  A statement from the Bank of Israel reiterates that a process remains in place of gradual rate normalization that should lift the key rate to […] More

Central Bank Watch

Hungarian Base Rate Held Steady at 5.25% as Expected

October 25, 2010

The Magyar Nemzeti Bank left its benchmark interest rate unchanged for a sixth consecutive monthly meeting citing the prolonged period of sub-trend economic activity and an uncertain inflation outlook.  On-year CPI inflation edged up a tenth to 3.8% last month but had eased 2.2 percentage points over the previous four months.  Domestic demand remains weak.  […] More

New Overnight Developments Abroad - Daily Update

Dollar Drops in Wake of G20 Meeting

October 25, 2010

The dollar is trading below Friday closing levels by 1.3% against the Australian dollar, 1.0% versus the kiwi, 0.9% relative to the yen, Swissy, and Canadiand dollar, 0.6% against the euro, 0.3% versus sterling and 0.1% against the yuan.  See G20 statement review.  The communique called for reduced external imbalances but did not unveil numerical […] More

css.php