Deeper Analysis
North American Data Run-Down
January 19, 2012
U.S. inflation is benign. Total U.S. consumer prices slid 0.4% at an annualized rate in the final quarter of 2011, cutting on-year inflation to 3.0% in December from 3.9% in September. Core consumer prices increased 2.2% between end-2010 and end-2011. That represents a slight acceleration from 1.8% between end-2009 and end-2010. Core consumer prices, which […] More
Central Bank Watch
South African Monetary Policy Stance Left Unchanged
January 19, 2012
A statement from the South African Reserve Bank’s Monetary Policy Committee left its repurchase rate at 5.5%, as it had done at its six previous meetings. There has not yet been any rate hike, but the last reduction was implemented 14 months ago. That cut of 50 basis points culminated a series of nine reductions […] More
Central Bank Watch
First Filipino Interest Rate Cut Since July 2009
January 19, 2012
The Monetary Board at Bangko Sentral ng Pilipinas cut its key overnight borrowing and lending rates by 25 basis points to 4.25% and 6.25%, respectively. A statement from central bank officials first projected that CPI inflation this year would settled into the lower half of a 3-5% target range and also observed that "the Euro […] More
New Overnight Developments Abroad - Daily Update
More Successful Sovereign Debt Auctions in Euro Area
January 19, 2012
Spain was able to auction EUR 6.6 billion of sovereign debt, about 50% more than planned, while a French auction fetched a lower yield. The dollar fell 0.4% against the Swiss franc and euro. The euro got as high as $1.2919 versus a 17-month low of $1.2624 last Friday. The franc is closer to testing […] More
