Central Bank Watch
Peruvian Monetary Policy Pause Continues
April 12, 2012
During the year between May 2010 and May 2011, the Central Reserve Bank of Peru implemented ten rate hikes totaling 300 basis points, but no changes have been made since May 2011. Officials left the reference rate at 4.25% following this month’s meeting. CPI inflation has been exceeding the 1-3% target range. However, officials are […] More
Central Bank Watch
Bank Indonesia Leaves Reference Interest Rate Unchanged
April 12, 2012
As they did after the previous Board of Governors’ meeting on March 8, policymakers at Bank Indonesia elected to keep their reference interest rate at 5.75%. A statement was released that spoke of a readiness to tighten if the government’s policy of cutting subsidies on fuel prices leads to more than temporary pressure on inflation, […] More
Deeper Analysis
Today’s North American Data Highlights
April 12, 2012
Although the U.S. $46.0 billion goods and services trade deficit in February was at a three month low, the deficit in January-February was still 6.1% wider than in the first two months of 2011. A deficit with China comprised 39.9% of the total January-February shortfall, and the remaining deficit was split more or less evenly […] More
New Overnight Developments Abroad - Daily Update
Some Reassuring News
April 12, 2012
Australia reported much better-than-expected labor statistics for March. Employment climbed 44.0K, the second increase of more than 40K in three months, and the jobless rate held at 5.2% instead of ticking up a tenth as forecast. The Aussie dollar recovered 1.0% against the greenback. Chinese bank lending last month leaped by 1.011 trillion yuan, compared […] More
