Archive for December 21st, 2011

Central Bank Watch

Czech National Bank: No Change

December 21, 2011

The two-week Czech repo rate, 0.75% since May 2010, has been left unchanged after the final policy meeting of 2011.  The result was as expected.  A statement on the central bank web site speaks of both upwardly skewed risks to inflation and market interest rates and intensifying risks toward lower economic activity and a depreciating […] More

Central Bank Watch

Bank of Japan: No Policy Change but an Assessment Downgrade

December 21, 2011

After meeting of five hours and 43 minutes over two day in its last scheduled policy vote of 2011, the Bank of Japan Policy Board decided unanimously (9-0) to keep the overnight uncollateralized money rate target range at zero to 0.1% and the size of the asset purchase plan, which was last raised in October, […] More

New Overnight Developments Abroad - Daily Update

Better Market Tone of Yesterday Holding So Far… A Big ECB 3-Year Infusion of Bank Liquidity Helped

December 21, 2011

Equities in the Pacific Rim mostly rose, advancing 4.6% in Taiwan, 3.4% in South Korea and India, 2.1% in Australia, 2.3% in Singapore, 1.9% in Hong Kong, 1.5% in Japan and 1.4% in Malaysia.  An exception to the trend was a 1.6% drop in Chinese share prices, but in Europe, stocks have recovered by a […] More

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