Archive for February 12th, 2011

Central Bank Watch

Bank of Korea: No Rate Hike This Month

February 12, 2011

In January, officials at the Bank of Korea raised their Base Rate by 25 basis points when analysts weren’t expecting a move, and on February 11 they kept the key rate at 2.75% when the market had been looking for a fourth increase of 25 bps.  Full transparency doesn’t command to extreme high priority that […] More

Central Bank Watch

A More Hawkish Filipino Monetary Policy Statement

February 12, 2011

Bangko Sentral ng Pilipinas again left its key repo rate at 6.0% and reverse repo rate at 4%.  The central bank is one of very few in Asia not to have begun raising rates, and the point is made in a released statement last Thursday that food price inflation has affected overall Filipino inflation by […] More

Central Bank Watch

Bank of England Review

February 12, 2011

The statement released by the Monetary Policy Committee on February 10th fit the usual standard when no policy changes are implemented, stating the decision of keeping the Bank Rate at 0.5% and the asset purchase program limit at GBP 200 billion), indicating when these were last changed (March 2009 and November 2009, respectively), and noting […] More

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