Archive for April 28th, 2012

Central Bank Watch

Bank of Mexico: Policy Unchanged

April 28, 2012

Mexican monetary policy has been in pause mode since July 2009.  That’s when a 375-basis point reduction cycle of the overnight lending rate target reached a level of 4.5%.  A statement after Friday’s meeting of the policy committee retained a downside possibility for the rate benchmark sometime in the future, contingent upon lessening world financial […] More

Foreign Exchange Insights and Next Week

Next Week

April 28, 2012

The coming week features the release of April purchasing manager survey results for manufacturing, services and, in the case of Britain and Germany, also construction.  There are scheduled interest rate policy meetings at the European Central Bank, Reserve Bank of Australia, Bank of Thailand, Bank Negara Malaysia, Czech National Bank, and National Bank of Romania.  […] More