Archive for November 26th, 2010

Central Bank Watch

Bank of Mexico Policy Rate Unchanged

November 26, 2010

The overnight interbank funding rate will remain at 4.5%, the level since July 2009.  Rate cuts totaling 375 basis points were implemented in each of the first seven months of last year.  A new statement released today was less dovish than the one following the policy meeting in mid-October, noting that the output gap has […] More

New Overnight Developments Abroad - Daily Update

Markets Rattled by Two Persistent Risks: Korea and Ezone Debt

November 26, 2010

The dollar advanced sharply against the euro and commodity-sensitive currencies, with gains of 1.9% against the Australian dollar, 1.6% versus the kiwi, 1.4% relative to the Canadian dollar and 1.2% against the euro.  Other dollar rises overnight were much milder: 0.5% against sterling, 0.3% against the yen, 0.2% vis-a-vis the Swiss franc and no change […] More