Central Bank Watch
Central Bank Rate Cut in Indonesia
October 11, 2011
The only rate increase of the current policy cycle, a 25-basis point hike last February, has been reversed to help “mitigate the impacts of declining global economic and financial performance on Indonesian economic performance.” At 6.5%, the benchmark rate of Bank Indonesia returns to the level that was maintained from August 2009 until February 4, […] More
New Overnight Developments Abroad - Daily Update
Uneasiness about Europe Returns
October 11, 2011
The dollar is stronger, and stocks are lower in European trading. All eyes are on the Slovakian parliament where a vote to ratify the agreement to enlarge the EFSF could be rejected. ECB President Trichet meanwhile warned of mounting systemic risk related to the unresolved European sovereign debt crisis. The dollar has strengthened 0.8% against […] More
