Central Bank Watch
Bank of England Preview
January 11, 2011
Bank of England policy is stalemated, with the Bank Rate at 0.5% since March 2009 and the GBP 200 billion limit on the asset purchase program exhausted since end-January 2010. The October, November and December meetings of the 9-person Monetary Policy Committee (MPC) produced single dissents in both directions. Andrew Sentance favored a 25-basis point […] More
New Overnight Developments Abroad - Daily Update
Japan to Buy EU-Guaranteed Irish Debt
January 11, 2011
The debt problems of Euroland peripherals and Australia’s floods remain in the forefront. On the European debt issue, Japanese Finance Minister Noda announced plans to purchase about a fifth of the upcoming EU-backed Irish debt issue as a means to promote reserve diversification. China also plans to participate. Japan’s announcement lifted EUR/JPY to as high […] More
