Central Bank Watch
Third Monetary Policy Tightening of 2011 in Poland
May 11, 2011
The reference rate of the Narodowy Bank is being raised to 4.25% from 4.0%. The interval since the prior hike of 25 basis points on April 5 was smaller than that between the first move on January 19 and the second increase. These are the only increases so far in this tightening cycle, and it […] More
Deeper Analysis
U.S. and Canadian March Trade Highlights
May 11, 2011
A USD 48.2 billion goods and services trade deficit in March was 6.0% wider than the February deficit, and the first-quarter U.S. shortfall was USD 26.7 trillion or 23.5% greater than the deficit in the first quarter of 2010. In first quarter-over-first quarter comparisons, U.S. exports climbed 14.9%, while imports went up 16.7%. Net exports […] More
New Overnight Developments Abroad - Daily Update
Sterling Lifted by Bank of England Inflation Report
May 11, 2011
The pound gained 0.7% against the dollar and 0.9% versus the euro. The catalyst for the advance was a quarterly central bank report that sees a likelihood of on-year British inflation topping 5.0% later in 2011. Inflation will probably stay above its 2.0% target until the first quarter of 2013, and the report implies a […] More
