Archive for June 14th, 2011

Central Bank Watch

Sri Lankan Monetary Policy Unchanged

June 14, 2011

Sri Lanka’s Monetary Board left its 7.0% repurchase rate and 8.5% reverse repo rate unchanged at a fifth consecutive monthly meeting.  Rates have not begun to rise.  In January, such were reduced by 25 basis points and 50 bps, and cuts during 2010 amounted to 25 bps and 75 bps.  CPI inflation of 8.8% in […] More

Central Bank Watch

Bank of Japan Keeps 0.0-0.1% Target Interest Rate Range

June 14, 2011

Following a six hour nine minute meeting over June 13 and 14, the Policy Board Kept the same ultra low target range for overnight money by unanimous vote. Created a parallel JPY 5 trillion credit line for equity investments to further encourage financial institutions to meet credit demands. The size of the facility is modest, […] More

New Overnight Developments Abroad - Daily Update

China Releases Data and Raises Reserve Requirements to Record High

June 14, 2011

Stocks recovered as China’s monthly data were near expectations and did not point to excessive slowdown.  Equities advanced 1.5% in China, 1.9% in Thailand, 1.4% in South Korea, and 1.1% in Japan.  European stocks followed Asia’s upbeat cue in spite of ongoing concerns about Greece.  S&P downgraded the Greek sovereign debt rating by three steps […] More

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