Central Bank Watch
Another 75-Basis Point Cut of the Brazilian Selic Rate
April 18, 2012
COPOM, the Monetary Policy Committee at the Bank of Brazil, authorized a sixth reduction of the Selic interest rate since last August 31. The first four moves were 50 basis points in size from a peak of 12.5%. This month’s cut, like that made at the March 8 meeting, was 75 bps in size. The […] More
Central Bank Watch
No Changes this Time in Turkish Monetary Policy Settings
April 18, 2012
Officials at the Reserve Bank of the Republic of Turkey retained levels of 5.75% in the 7-day repo rate, which is the key policy rate, 5.0% in the overnight borrowing rate, and 11.5% in the overnight lending rate. The last changes in the 1-week repo rate and the overnight borrowing rate were made last August […] More
Central Bank Watch
Swedish Riksbank Signals Unchanged Interest Rate for Next 12 Months
April 18, 2012
The Executive Board of the Swedish Riksbank left its repo rate at 1.5% and did not change its guidance of future policy, either. According to a statement from officials, the repo rate is likely to be unchanged at 1.5% through 1Q13 and then rise about 75 bps during the year to 1Q14 and by a […] More
New Overnight Developments Abroad - Daily Update
Eye on Central Banks and Spanish Banking System
April 18, 2012
The dollar advanced 0.7% against the yen, 0.4% versus the Swiss franc, and 0.3% relative to the euro. The greenback is unchanged against the yuan and loonie, 0.1% higher versus the New Zealand and Australian dollars, and down 0.3% against the yen. Fresh worries about Spanish banks followed news from the Bank of Spain that […] More
