Archive for January 30th, 2012

Central Bank Watch

An Eighth Interest Rate Hike for Colombia

January 30, 2012

Analysts were not expecting another monetary tightening until next month, but the 7-person Monetary Board of the Central Bank of Colombia just announced a 25-basis point increase of its overnight benchmark rate to 5.0%.  This was the eighth such increase since February 2011 and the first one since November 25.  A statement observes that on-year […] More

New Overnight Developments Abroad - Daily Update

Markets in an Unsettled State of Mind

January 30, 2012

Two developments have not happened that were presumed likely by this point, and the appetite for risk has fallen.  EU leaders are meeting in Brussels with the intent of hammering out details for enforceable fiscal discipline and an enlarged bailout fund. China reopened after a week-long holiday closure, but monetary policy there was not eased […] More