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
