Archive for August 16th, 2012

Central Bank Watch

Chilean Monetary Policy Still on Hold

August 16, 2012

The Central Bank of Chile’s Policy Board kept its monetary policy rate at 5.0% as expected.  It has been at that level since a solitary 25-basis point cut in mid-January, which was a pre-emptive action taken in response to intensifying global risks caused by the European crisis.  A statement released today observed some lessening of […] More

Central Bank Watch

Turkish Monetary Policy Settings Left Unchanged but Coming Changes Hinted

August 16, 2012

After this month’ policy meeting, the Central Bank of the Republic of Turkey released a statement that stressed a need to preserve two-sided policy flexibility because of the high level of global uncertainties.  The 5.75% level on the main policy reference rate, the one-week repo, was retained at the level such has been since a […] More

New Overnight Developments Abroad - Daily Update

Another Hot and Lazy August Night

August 16, 2012

British retail sales were better-than-expected last month, lifting sterling by 0.1% against the dollar.  The greenback also dipped 0.1% versus the loonie but otherwise shows gains of 0.4% against the yen, 0.2% relative to the Australian dollar, and 0.1% against the euro, Swiss franc and yuan. Chinese Premier Wen seemed to suggest further monetary easing […] More

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